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 1.40 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 -151832.00 -212061 -215984 -213780 -213122 -212908 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 1.06 1.02 1.01 1 1.04 0.83 [+]
Stock Market 4747.81 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 181605.00 185690 187462 189220 190964 210873 [+]
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 13.00 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 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 [+]
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 163.80 165 167 168 169 183 Thousand [+]
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 122.20 102 105 118 114 114 Index Points [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.40 1.2 1.4 1.5 1.6 2.2 percent [+]
Inflation Rate Mom -1.10 0.18 0.36 0.03 0.19 0.16 percent [+]
Consumer Price Index CPI 111.99 111 111 111 111 111 Index Points [+]
Harmonised Consumer Prices 98.47 99.33 101 101 100 101 Index Points [+]
GDP Deflator 92.44 84.18 84.77 89.84 87.62 82.63 Index Points [+]
Producer Prices 93.75 95 97 99 101 115 Index Points [+]
Food Inflation 5.20 4.93 5.1 5.11 5.1 5.1 percent [+]
Producer Prices Change -1.90 -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 939.47 948 955 960 963 970 EUR Million [+]
Money Supply M1 13305.47 13631 14008 14387 14756 18311 EUR Million [+]
Money Supply M2 17467.70 17672 18116 18478 18837 22438 EUR Million [+]
Money Supply M3 17565.81 17798 18253 18632 19015 23090 EUR Million [+]
Loans to Private Sector 3364.14 3334 3308 3285 3263 3107 EUR Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -151832.00 -212061 -215984 -213780 -213122 -212908 EUR Thousand [+]
Exports 236272.00 286851 286750 286492 286546 286539 EUR Thousand [+]
Imports 388104.00 489864 496250 495720 495744 495760 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 96394.54 92798 203859 198173 111294 141306 [+]
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 -15862.00 -3026 -8578 -9865 -10111 -10159 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 261165.25 301491 301927 302090 302045 302052 EUR Thousand [+]
Government Debt 5857.30 5965 6005 6020 6042 6404 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 111.20 117 118 118 118 119 [+]
Industrial Production 4.70 0.2 0.2 1.34 0.6 2.5 percent [+]
Manufacturing Production -1.30 0.67 0.44 0 -0.05 -0.12 percent [+]
Capacity Utilization 79.30 79.59 79.72 79.47 79.62 79.56 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 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 [+]
Mining Production 78.70 32.17 35.01 34.97 35.2 35.17 percent [+]
Industrial Production Mom 2.40 0.48 0.11 0.01 0 0.05 percent [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 0.10 2.02 1.94 1.89 1.86 1.83 [+]
Retail Sales MoM -0.70 -0.6 -0.6 0.08 1.7 1.6 percent [+]
Retail Sales YoY -0.70 2.8 2.8 0.77 4.5 3.4 percent [+]
Consumer Spending 1168147.00 1090729 1087511 1141095 1138717 1134290 EUR THO [+]
Private Sector Credit 8728.97 8790 8847 8904 8959 9536 EUR Million [+]
Bank Lending Rate 3.83 3.8 3.8 3.8 3.8 3.8 percent [+]
Consumer Credit 4800.78 4876 4947 5016 5086 5911 EUR Million [+]
Gasoline Prices 1.41 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. 2/25/2017