Malta | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.20 0.6 0.8 0.7 0.6 0.7 percent [+]
Unemployment Rate 4.80 5.1 4.8 5 5.1 4.5 percent [+]
Inflation Rate 1.00 1.2 1.4 1.5 1.6 2.2 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade -102800.00 -232712 -234278 -234591 -234503 -234430 EUR Thousand [+]
Government Debt to GDP 63.90 66.68 64.85 63.01 61.18 56.96 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 1.07 1.02 1.01 1 1.04 0.83 [+]
Stock Market 4689.78 4510 4470 4420 4380 3690 points [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.20 0.6 0.8 0.7 0.6 0.7 percent [+]
GDP Annual Growth Rate 3.00 4.4 4.2 4 3.8 3.4 percent [+]
GDP 9.75 11.64 11.97 10.04 12.39 15.35 USD Billion [+]
GDP Constant Prices 2344874.00 1925168 2036557 2311289 2222322 2462091 EUR THO [+]
Gross National Product 2391421.69 2281026 2382431 2472892 2448801 2858286 EUR THO [+]
Gross Fixed Capital Formation 421629.00 515639 515502 522890 530419 596715 EUR THO [+]
GDP per capita 24351.43 20569 20541 20513 20484 22595 USD [+]
GDP per capita PPP 32969.22 29102 29033 28965 28896 30989 USD [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 4.80 5.1 4.8 5 5.1 4.5 percent [+]
Employed Persons 179760.00 183775 185335 186882 188416 205891 [+]
Unemployed Persons 3021.00 3032 3026 3026 3026 3026 [+]
Long Term Unemployment Rate 1.80 1.92 2.11 1.88 1.99 1.99 percent [+]
Youth Unemployment Rate 13.60 9.79 9.67 9.72 9.71 9.71 percent [+]
Labour Costs 101.22 124 120 106 112 112 Index Points [+]
Wages 17239.43 17032 17074 17246 17354 18831 EUR/Year [+]
Minimum Wages 728.04 728 728 728 728 728 EUR/Month [+]
Population 0.43 0.43 0.43 0.43 0.43 0.44 Million [+]
Retirement Age Women 62.00 62 62 62 62 62 [+]
Retirement Age Men 62.00 62 62 62 62 62 [+]
Employment Change 0.50 1.17 0.89 0.76 0.95 0.88 percent [+]
Employment Rate 66.50 66.13 67.01 67.69 67.64 71.66 percent [+]
Full Time Employment 161.30 164 165 166 167 178 Thousand [+]
Labor Force Participation Rate 56.60 55.88 55.85 55.84 55.84 55.84 percent [+]
Part Time Employment 27.00 25.58 26.99 27.27 26.21 26.48 Thousand [+]
Productivity 122.20 102 105 118 114 114 Index Points [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.00 1.2 1.4 1.5 1.6 2.2 percent [+]
Inflation Rate Mom 0.00 0.66 0.22 0.03 0.22 0.17 percent [+]
Consumer Price Index CPI 111.24 111 111 111 111 111 Index Points [+]
Harmonised Consumer Prices 99.55 99.14 101 101 99.98 100 Index Points [+]
GDP Deflator 92.44 84.18 84.77 89.84 87.62 82.63 Index Points [+]
Producer Prices 93.85 93.86 93.86 93.85 93.85 93.85 Index Points [+]
Food Inflation 3.50 2.49 2.48 2.48 2.48 2.48 percent [+]
Producer Prices Change -1.10 -1.27 -1.3 -1.31 -1.31 -1.31 percent [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Money Supply M0 931.17 961 979 997 1016 1248 EUR Million [+]
Money Supply M1 12864.10 14036 14646 15278 15936 26280 EUR Million [+]
Money Supply M2 16999.90 17566 17758 17901 17991 15963 EUR Million [+]
Money Supply M3 17080.31 17026 16989 16952 16916 16497 EUR Million [+]
Loans to Private Sector 3392.16 3367 3345 3326 3308 3180 EUR Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -102800.00 -232712 -234278 -234591 -234503 -234430 EUR Thousand [+]
Exports 320161.00 292184 289018 289705 289645 289640 EUR Thousand [+]
Imports 422930.00 517696 517294 517311 517313 517312 EUR Thousand [+]
Current Account 339146.00 266246 347216 248035 241294 241624 EUR Thousand [+]
Current Account to GDP 4.30 5.5 5.5 2.34 2.64 3.48 percent [+]
External Debt 86527.30 85640 85271 84954 84665 81634 EUR Million [+]
Capital Flows 540312.00 42686 10518 -5495 26660 10648 EUR Thousand [+]
Tourist Arrivals 142711.34 110837 199499 182985 116746 145696 [+]
Gold Reserves 0.09 0.09 0.09 0.09 0.09 0.09 Tonnes [+]
Foreign Direct Investment 556.50 691 666 669 685 682 EUR Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 63.90 66.68 64.85 63.01 61.18 56.96 percent [+]
Government Budget -1.50 -1.1 -1.1 -1.46 -0.7 0.6 percent of GDP [+]
Government Budget Value 44643.00 -9506 -10908 -11121 -11144 -11145 EUR THO [+]
Government Spending 340475.00 391686 426386 395421 429159 422551 EUR THO [+]
Government Spending to GDP 43.30 42.44 42.54 42.63 42.72 43.43 percent [+]
Government Revenues 378867.69 295120 295284 295213 295233 295229 EUR Thousand [+]
Government Debt 5857.30 5965 6005 6020 6042 6404 EUR Million [+]
Fiscal Expenditure 334224.00 299432 304328 304946 305068 304696 EUR Thousand [+]
Asylum Applications 220.00 148 148 148 148 148 persons [+]
Military Expenditure 66.10 60.46 62.03 63.6 63.05 61.41 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence 115.50 117 118 118 118 119 [+]
Industrial Production -0.60 0.2 0.2 -3.16 0.6 2.5 percent [+]
Manufacturing Production -1.30 0.67 0.44 0 -0.05 -0.12 percent [+]
Capacity Utilization 79.90 79.59 79.77 79.67 79.73 79.71 percent [+]
Changes in Inventories -38065.00 13541 2502 7339 1084 4494 EUR THO [+]
Car Registrations 1639.00 1951 1789 1747 1858 1824 Cars [+]
Competitiveness Index 4.52 4.4 4.4 4.4 4.4 4.49 Points [+]
Competitiveness Rank 40.00 40.15 40.15 40.15 40.15 39.84 [+]
Corruption Index 56.00 54.33 54.2 54.07 53.95 52.18 Points [+]
Corruption Rank 37.00 41.15 39.72 38.3 36.87 36.43 [+]
Ease Of Doing Business 76.00 78.33 78.33 78.33 78.33 78.33 [+]
Electricity Production 71.00 69.76 65.61 67.8 66.73 67.07 Gigawatt-hour [+]
Mining Production -6.70 10.75 10.77 10.77 10.77 10.77 percent [+]
Industrial Production Mom 1.90 0.98 0.4 0.15 0.07 0.04 percent [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 1.70 2.02 1.94 1.89 1.86 1.83 [+]
Retail Sales MoM 0.80 -0.6 -0.6 0.08 1.7 1.6 percent [+]
Retail Sales YoY 3.50 2.8 2.8 1.06 4.5 3.4 percent [+]
Consumer Spending 1168147.00 1090729 1087511 1141095 1138717 1134290 EUR THO [+]
Private Sector Credit 8676.86 8737 8789 8839 8886 9380 EUR Million [+]
Bank Lending Rate 3.86 3.83 3.83 3.83 3.83 3.83 percent [+]
Consumer Credit 4769.82 4863 4932 4999 5066 5867 EUR Million [+]
Gasoline Prices 1.34 1.3 1.28 1.25 1.23 1.04 USD/Liter [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Housing Index 118.35 112 113 113 113 115 Index Points [+]
Home Ownership Rate 80.80 80.1 80.19 80.29 80.38 80.16 percent [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 35.00 35 35 35 35 35 percent [+]
Personal Income Tax Rate 35.00 35 35 35 35 35 percent [+]
Sales Tax Rate 18.00 18 18 18 18 18 percent [+]
Social Security Rate 20.00 20 20 20 20 20 percent [+]
Social Security Rate For Companies 10.00 10 10 10 10 10 percent [+]
Social Security Rate For Employees 10.00 10 10 10 10 10 percent [+]





Economic Forecasts for Malta including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Malta economy. 1/24/2017