Malta | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.20 0.5 0.6 0.8 0.7 0.7 percent [+]
Unemployment Rate 4.90 4.9 5.1 4.8 5 4.5 percent [+]
Inflation Rate 0.50 1.1 1.2 1.4 1.5 2.2 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade -198500.00 -213142 -214480 -214603 -214858 -215005 EUR Thousand [+]
Government Debt to GDP 63.90 61.18 60.82 60.46 60.1 56.96 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 1.06 1.05 1.04 1.03 1.02 0.85 [+]
Stock Market 4470.81 4480 4440 4390 4350 3620 points [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.20 0.5 0.6 0.8 0.7 0.7 percent [+]
GDP Annual Growth Rate 3.00 3.8 4.4 3.7 3.6 3 percent [+]
GDP 9.64 11.43 11.64 11.97 10.45 15.35 USD Billion [+]
GDP Constant Prices 1971585.00 2131347 1930176 2014852 2261236 2424913 EUR THO [+]
Gross National Product 2225255.01 2354218 2303490 2411390 2495310 2897939 EUR THO [+]
Gross Fixed Capital Formation 508316.00 520571 515639 515502 522890 596715 EUR THO [+]
GDP per capita 20339.91 20484 20567 20649 20732 22595 USD [+]
GDP per capita PPP 28821.66 28896 28994 29091 29189 30989 USD [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 4.90 4.9 5.1 4.8 5 4.5 percent [+]
Employed Persons 178709.00 182202 183775 185335 186882 205891 [+]
Unemployed Persons 3166.00 3172 3175 3175 3175 3175 [+]
Long Term Unemployment Rate 1.80 2.09 1.92 2.11 1.88 1.99 percent [+]
Youth Unemployment Rate 9.80 9.58 9.79 9.67 9.72 9.71 percent [+]
Labour Costs 118.71 111 124 120 106 112 Index Points [+]
Wages 17109.38 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 0.70 0.52 0.67 0.8 0.68 0.73 percent [+]
Employment Rate 65.70 65.87 66.06 66.93 67.5 71.32 percent [+]
Full Time Employment 161.30 162 164 165 166 178 Thousand [+]
Labor Force Participation Rate 55.10 54.82 54.81 54.81 54.81 54.81 percent [+]
Part Time Employment 27.00 26 25.58 26.99 27.27 26.48 Thousand [+]
Productivity 105.10 114 102 105 118 114 Index Points [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 0.50 1.1 1.2 1.4 1.5 2.2 percent [+]
Inflation Rate Mom -1.00 -0.09 0.51 0.1 0.14 0.18 percent [+]
Consumer Price Index CPI 110.81 111 111 111 111 111 Index Points [+]
Harmonised Consumer Prices 101.78 100 101 102 102 101 Index Points [+]
GDP Deflator 86.57 89.35 84.18 84.77 89.84 82.63 Index Points [+]
Producer Prices 94.28 94.32 94.32 94.32 94.32 94.32 Index Points [+]
Food Inflation 2.20 2.28 2.25 2.25 2.25 2.25 percent [+]
Producer Prices Change -0.02 0.1 0.12 0.13 0.13 0.13 percent [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Money Supply M0 919.84 942 960 978 996 1251 EUR Million [+]
Money Supply M1 12811.14 13477 14086 14721 15381 27014 EUR Million [+]
Money Supply M2 17016.10 17267 17566 17758 17901 15963 EUR Million [+]
Money Supply M3 17082.59 17063 17026 16989 16952 16497 EUR Million [+]
Loans to Private Sector 3444.52 3412 3390 3370 3353 3226 EUR Million [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -198500.00 -213142 -214480 -214603 -214858 -215005 EUR Thousand [+]
Exports 254200.00 302919 301465 299572 299855 299815 EUR Thousand [+]
Imports 452700.00 513304 516125 515577 515588 515591 EUR Thousand [+]
Current Account -5288.00 266246 347216 248035 241294 241624 EUR Thousand [+]
Current Account to GDP 4.30 5.5 5.5 5.5 2.67 3.48 percent [+]
External Debt 86527.30 86183 85640 85271 84954 81634 EUR Million [+]
Capital Flows 229442.00 43900 42686 10518 -5495 10648 EUR Thousand [+]
Tourist Arrivals 208321.24 100603 110837 199499 182985 145696 [+]
Gold Reserves 0.09 0.09 0.08 0.09 0.09 0.09 Tonnes [+]
Foreign Direct Investment 556.50 728 691 666 669 682 EUR Million [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 63.90 61.18 60.82 60.46 60.1 56.96 percent [+]
Government Budget -1.50 -1.1 -1.1 -1.1 -2.2 0.6 percent of GDP [+]
Government Budget Value -41204.00 -4442 -9506 -10908 -11121 -11145 EUR THO [+]
Government Spending 422544.00 435923 391686 426386 395421 422551 EUR THO [+]
Government Spending to GDP 43.30 42.72 42.78 42.84 42.9 43.43 percent [+]
Government Revenues 281526.19 294792 295120 295284 295213 295229 EUR Thousand [+]
Government Debt 5857.30 5866 5965 6005 6020 6404 EUR Million [+]
Fiscal Expenditure 322730.00 289059 299432 304328 304946 304696 EUR Thousand [+]
Asylum Applications 130.00 148 148 148 148 148 persons [+]
Military Expenditure 66.10 60.46 62.03 63.6 63.05 61.41 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Business Confidence 114.60 114 116 116 116 117 [+]
Industrial Production 0.40 -0.1 0.2 0.2 1.03 2.5 percent [+]
Manufacturing Production 0.90 -0.81 0.67 0.44 0 -0.12 percent [+]
Capacity Utilization 79.90 78.84 79.59 79.77 79.67 79.71 percent [+]
Changes in Inventories 3823.00 -6952 13541 2502 7339 4494 EUR THO [+]
Car Registrations 1609.00 1827 1951 1789 1747 1824 Cars [+]
Competitiveness Index 4.52 4.4 4.4 4.4 4.4 4.49 Points [+]
Competitiveness Rank 40.00 40.16 40.16 40.16 40.16 40.36 [+]
Corruption Index 56.00 53.95 53.83 53.71 53.59 52.19 Points [+]
Corruption Rank 37.00 36.87 36.84 36.81 36.78 36.43 [+]
Ease Of Doing Business 76.00 78.33 78.33 78.33 78.33 78.33 [+]
Electricity Production 75.00 62.46 69.76 65.61 67.8 67.07 Gigawatt-hour [+]
Mining Production 8.00 10.99 10.75 10.77 10.77 10.77 percent [+]
Industrial Production Mom 3.10 0.98 0.4 0.15 0.07 0.04 percent [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence 3.70 3.83 4.21 4.39 4.48 4.59 [+]
Retail Sales MoM 0.20 1.5 -0.6 -0.6 0.08 1.6 percent [+]
Retail Sales YoY 2.30 5.1 2.8 2.8 0.91 3.4 percent [+]
Consumer Spending 1077377.00 1137303 1090729 1087511 1141095 1134290 EUR THO [+]
Private Sector Credit 8581.85 8588 8610 8636 8664 8972 EUR Million [+]
Bank Lending Rate 3.84 3.82 3.83 3.83 3.83 3.83 percent [+]
Consumer Credit 4711.93 4775 4838 4901 4964 5781 EUR Million [+]
Gasoline Prices 1.39 1.37 1.36 1.36 1.36 1.36 USD/Liter [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Housing Index 110.95 112 112 113 113 115 Index Points [+]
Home Ownership Rate 80.80 80.38 80.34 80.31 80.27 80.16 percent [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 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. 12/5/2016