Malta | Economic Forecasts | 2017-2020 Outlook

This page has 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.


Overview Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 1.70 0.8 0.7 0.6 0.6 0.5 percent [+]
Unemployment Rate 4.20 4.8 5 5.1 5 4.5 percent [+]
Inflation Rate 1.10 1.5 1.8 2 1.9 2.6 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade -232700.00 -233296 -227129 -223732 -222415 -221853 EUR Thousand [+]
Government Debt to GDP 58.30 57.25 57.6 57.95 57.77 54.73 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 1.12 1.06 1.05 1.04 1.03 0.86 [+]
Stock Market 4610.31 4670 4620 4480 4530 3770 points [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 1.70 0.8 0.7 0.6 0.6 0.5 percent [+]
GDP Annual Growth Rate 5.10 4.2 4 3.8 3.7 3.4 percent [+]
GDP 9.75 11.97 10.17 12.39 10.2 15.35 USD Billion [+]
GDP Constant Prices 2274474.00 2204504 2449277 2359473 2186582 2521157 EUR THO [+]
Gross National Product 2387221.21 2374850 2505748 2503449 2451268 2861176 EUR THO [+]
Gross Fixed Capital Formation 478527.00 464072 457498 455281 452535 441557 EUR THO [+]
GDP per capita 24320.90 24441 24713 24985 25166 27650 USD [+]
GDP per capita PPP 32719.95 32934 33269 33604 33863 37471 USD [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 4.20 4.8 5 5.1 5 4.5 percent [+]
Employed Persons 184288.00 188593 190489 192371 194239 213892 [+]
Unemployed Persons 2649.00 2646 2651 2649 2649 2649 [+]
Long Term Unemployment Rate 1.70 1.98 1.76 1.87 1.75 1.82 percent [+]
Youth Unemployment Rate 13.30 13.39 13.35 13.39 13.37 13.38 percent [+]
Labour Costs 105.19 113 102 105 115 105 Index Points [+]
Wages 17666.35 17837 17946 18210 18381 19905 EUR/Year [+]
Minimum Wages 735.63 736 736 736 1135 1535 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 [+]
Full Time Employment 163.60 166 168 169 170 183 Thousand [+]
Employment Change 1.90 0.99 1.22 1.14 1.04 1.09 percent [+]
Employment Rate 66.10 67.06 67.74 67.77 67.91 71.89 percent [+]
Labor Force Participation Rate 54.90 55.01 55.02 55.02 55.02 55.02 percent [+]
Part Time Employment 26.20 26.95 26.92 26.36 26.09 26.53 Thousand [+]
Productivity 118.80 111 111 111 111 111 Index Points [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 1.10 1.5 1.8 2 1.9 2.6 percent [+]
Inflation Rate Mom 2.60 1.04 -0.46 0.26 0.25 0.16 percent [+]
Consumer Price Index CPI 99.40 104 102 103 103 103 Index Points [+]
Harmonised Consumer Prices 102.35 104 103 101 101 102 Index Points [+]
GDP Deflator 89.77 85.01 90.4 88.39 83.06 84.46 Index Points [+]
Producer Prices 94.45 98 100 102 104 119 Index Points [+]
Food Inflation 2.90 3.2 3.15 3.15 3.15 3.15 percent [+]
Producer Prices Change -0.20 1 1.4 1.7 2 2.2 percent [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Money Supply M0 931.02 931 929 928 927 925 EUR Million [+]
Money Supply M1 13887.03 14378 14847 15307 15758 20239 EUR Million [+]
Money Supply M2 18054.40 18551 19001 19462 19909 24279 EUR Million [+]
Money Supply M3 18079.95 18550 18989 19433 19868 24265 EUR Million [+]
Loans to Private Sector 3418.81 3403 3389 3378 3368 3301 EUR Million [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -232700.00 -233296 -227129 -223732 -222415 -221853 EUR Thousand [+]
Exports 228000.00 259783 258659 258554 258568 258568 EUR Thousand [+]
Imports 460700.00 493865 491425 490318 490196 490174 EUR Thousand [+]
Current Account 256175.00 42929 274107 242869 117477 203961 EUR Thousand [+]
Current Account to GDP 4.30 5.5 2.34 2.64 2.65 3.48 percent [+]
External Debt 86984.10 86330 85909 85726 85534 83657 EUR Million [+]
Capital Flows 672819.00 319610 337507 266179 266521 273559 EUR Thousand [+]
Tourist Arrivals 141266.05 214025 172938 121041 158797 155459 [+]
Gold Reserves 0.09 0.09 0.09 0.09 0.09 0.09 Tonnes [+]
Foreign Direct Investment 815.90 757 678 734 759 752 EUR Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 58.30 57.25 57.6 57.95 57.77 54.73 percent [+]
Government Budget 1.00 1.2 1.2 1.2 1.5 0.6 percent of GDP [+]
Government Budget Value -43446.00 -13162 -9610 -9136 -9093 -9095 EUR THO [+]
Government Spending 354966.00 382101 349877 371078 348570 373023 EUR THO [+]
Government Spending to GDP 38.10 40.96 40.87 40.77 40.68 41.23 percent [+]
Government Revenues 252183.64 307185 303264 303588 303550 303554 EUR Thousand [+]
Government Debt 5766.50 5922 5913 5900 5950 6127 EUR Million [+]
Fiscal Expenditure 295630.00 301478 302195 303750 304431 304636 EUR Thousand [+]
Asylum Applications 120.00 149 148 148 148 148 persons [+]
Military Expenditure 66.10 60.46 62.03 63.6 63.05 61.41 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Business Confidence 114.60 114 114 114 114 114 [+]
Industrial Production 4.40 0.2 2.14 0.6 1.07 2.5 percent [+]
Manufacturing Production 4.50 4.85 4.92 4.93 4.93 4.93 percent [+]
Capacity Utilization 79.10 79.72 79.36 79.2 79.3 79.26 percent [+]
Changes in Inventories -49297.00 -4688 -6727 -13029 756 3053 EUR THO [+]
Car Registrations 2148.00 1969 1754 1817 2013 1893 Cars [+]
Competitiveness Index 4.52 4.4 4.4 4.4 4.49 4.49 Points [+]
Competitiveness Rank 40.00 48 48 48 39 39 [+]
Corruption Index 55.00 56 55 55 55 55 Points [+]
Corruption Rank 47.00 42 43 45 45 45 [+]
Ease Of Doing Business 76.00 78.33 78.33 78.33 78.33 78.33 [+]
Electricity Production 60.00 64.39 65.07 64.86 64.92 64.91 Gigawatt-hour [+]
Industrial Production Mom -0.80 -0.31 -0.13 -0.02 0.02 0.06 percent [+]
Mining Production -27.60 -14.26 -14.76 -14.92 -14.91 -14.91 percent [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Confidence 3.00 3.31 3.43 3.49 3.53 3.57 [+]
Retail Sales MoM 1.10 -0.6 0.09 1.7 0.08 1.6 percent [+]
Retail Sales YoY 2.90 2.8 1.25 4.5 0.93 3.4 percent [+]
Consumer Spending 1164871.00 1121356 1169576 1182492 1148906 1196312 EUR THO [+]
Private Sector Credit 8811.57 8860 8913 8969 9025 9566 EUR Million [+]
Bank Lending Rate 3.83 3.77 3.77 3.78 3.78 3.78 percent [+]
Consumer Credit 4870.76 4940 5008 5077 5145 5890 EUR Million [+]
Gasoline Prices 1.43 1.42 1.42 1.42 1.42 1.43 USD/Liter [+]
HOUSING Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Housing Index 126.15 128 130 132 133 144 Index Points [+]
Home Ownership Rate 80.80 81.17 81.83 82.49 82.26 82.05 percent [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 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 [+]