Malta | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.70 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 1.20 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 -366567.00 -230834 -228395 -229003 -228529 -227798 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 1.08 1.04 1.03 1.02 1.01 0.84 [+]
Stock Market 4731.26 4700 4650 4610 4510 3800 points [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.70 0.6 0.8 0.7 0.6 0.7 percent [+]
GDP Annual Growth Rate 5.10 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 2274474.00 2109980 2204504 2449277 2359473 2521157 EUR THO [+]
Gross National Product 2387221.21 2302794 2374850 2505748 2503449 2861176 EUR THO [+]
Gross Fixed Capital Formation 478527.00 464267 464072 457498 455281 441557 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 182052.00 185640 187406 189158 190896 210741 [+]
Unemployed Persons 2889.00 2889 2893 2892 2892 2892 [+]
Long Term Unemployment Rate 1.90 1.93 2.12 1.89 2 1.99 percent [+]
Youth Unemployment Rate 11.90 11.37 12.03 11.72 11.85 11.81 percent [+]
Labour Costs 105.19 116 113 102 105 105 Index Points [+]
Wages 17239.43 17032 17074 17246 17354 18831 EUR/Year [+]
Minimum Wages 735.63 737 737 737 737 766 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 163.80 165 167 168 169 183 Thousand [+]
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 [+]
Labor Force Participation Rate 55.70 55.3 55.29 55.29 55.29 55.29 percent [+]
Part Time Employment 27.10 25.28 26.67 26.61 25.73 25.97 Thousand [+]
Productivity 118.80 112 111 111 111 111 Index Points [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.20 1.2 1.4 1.5 1.6 2.2 percent [+]
Inflation Rate Mom 0.40 0.1 0.37 0.04 0.16 0.15 percent [+]
Consumer Price Index CPI 98.64 101 105 104 104 104 Index Points [+]
Harmonised Consumer Prices 98.87 99.42 101 101 100 101 Index Points [+]
GDP Deflator 89.77 84.43 85.01 90.4 88.39 84.46 Index Points [+]
Producer Prices 94.64 95 97 99 101 115 Index Points [+]
Food Inflation 4.40 4.41 4.56 4.58 4.57 4.57 percent [+]
Producer Prices Change -1.00 -1 0.5 0.9 1.2 2.2 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 938.47 944 949 953 955 960 EUR Million [+]
Money Supply M1 13536.27 13872 14350 14814 15270 20070 EUR Million [+]
Money Supply M2 17814.30 17865 18377 18778 19196 23472 EUR Million [+]
Money Supply M3 17830.38 17911 18395 18795 19208 23623 EUR Million [+]
Loans to Private Sector 3336.24 3319 3289 3263 3240 3068 EUR Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -366567.00 -230834 -228395 -229003 -228529 -227798 EUR Thousand [+]
Exports 225137.00 268946 273115 272284 272368 272367 EUR Thousand [+]
Imports 591705.00 515748 515516 517012 517312 517299 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 85516.80 84526 84083 83610 83174 78843 EUR Million [+]
Capital Flows 540312.00 42686 10518 -5495 26660 10648 EUR Thousand [+]
Tourist Arrivals 104068.84 111626 201237 188679 120862 147836 [+]
Gold Reserves 0.09 0.09 0.09 0.09 0.09 0.09 Tonnes [+]
Foreign Direct Investment 241.80 340 332 288 288 287 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 -15862.00 -3026 -8578 -9865 -10111 -10159 EUR THO [+]
Government Spending 354966.00 350267 382101 349877 371078 373023 EUR THO [+]
Government Spending to GDP 43.30 42.44 42.54 42.63 42.72 43.43 percent [+]
Government Revenues 261165.25 301491 301927 302090 302045 302052 EUR Thousand [+]
Government Debt 5823.20 5938 5973 5972 5992 6307 EUR Million [+]
Fiscal Expenditure 277027.00 299132 303660 302391 303428 304029 EUR Thousand [+]
Asylum Applications 145.00 148 149 149 149 149 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 115.30 116 116 116 116 116 [+]
Industrial Production 4.80 0.2 0.2 2.1 0.6 2.5 percent [+]
Manufacturing Production 4.50 1.57 1.15 1.11 1.13 1.15 percent [+]
Capacity Utilization 79.30 79.59 79.72 79.47 79.62 79.56 percent [+]
Changes in Inventories -49297.00 2580 -4688 -6727 -13029 3053 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 55.00 56 56 55 55 55 Points [+]
Corruption Rank 47.00 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 60.00 66.7 64.39 65.07 64.86 64.91 Gigawatt-hour [+]
Industrial Production Mom -1.50 0.32 0.07 0.01 0.01 0.05 percent [+]
Mining Production -8.50 27.14 26.26 29.94 29.19 29.27 percent [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 3.80 3.4 3.44 3.55 3.62 3.7 [+]
Retail Sales MoM 0.30 -0.6 -0.6 0.08 1.7 1.6 percent [+]
Retail Sales YoY 1.10 2.8 2.8 0.81 4.5 3.4 percent [+]
Consumer Spending 1164871.00 1128672 1121356 1169576 1182492 1196312 EUR THO [+]
Private Sector Credit 8720.10 8781 8836 8891 8945 9504 EUR Million [+]
Bank Lending Rate 3.91 3.94 3.95 3.95 3.94 3.94 percent [+]
Consumer Credit 4822.46 4872 4941 5010 5078 5894 EUR Million [+]
Gasoline Prices 1.38 1.35 1.34 1.33 1.32 1.24 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. 3/23/2017