The economy of Malta advanced by 7.6% year-on-year in the first quarter of 2022, slowing from an upwardly revised 11.8% rise in the previous quarter. Still, it marks the fifth consecutive quarter of economic expansion and at a robust pace, driven by household consumption (9.7% vs 8.6% in Q4) and fixed investment (6.3% vs 25.3%)). Meanwhile, government spending declined (-3% vs 5.3%). Net external demand contributed positively to growth as exports (9.2% vs 9.3% in Q4) rose faster than imports (7.9% vs 8.9% in Q4). source: National Statistics Office, Malta
GDP Annual Growth Rate in Malta averaged 3.76 percent from 2001 until 2022, reaching an all time high of 16.10 percent in the second quarter of 2021 and a record low of -15 percent in the second quarter of 2020. This page provides - Malta GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malta GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
GDP Annual Growth Rate in Malta is expected to be 6.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malta GDP Annual Growth Rate is projected to trend around 5.30 percent in 2023 and 3.80 percent in 2024, according to our econometric models.