Malta GDP Growth Rate

The Gross Domestic Product (GDP) in Malta expanded 0.40 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Malta is reported by the Eurostat. GDP Growth Rate in Malta averaged 0.45 Percent from 2000 until 2013, reaching an all time high of 4.10 Percent in the first quarter of 2002 and a record low of -3.40 Percent in the first quarter of 2009. Malta's economy is dependent on foreign trade (serving as a freight trans-shipment point), manufacturing of electronics and textiles, tourism and financial services. Tourism has also flourished over the years and now accounts for around 35% of Malta's Gross Domestic Product. As Malta currently offers a low-cost environment and an advantageous tax regime, it has become an attractive destination for those in the finance industry interested in an EU-compliant domicile. Malta joined the European Union in 2004. This page provides - Malta GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
0.40 -0.20 4.10 -3.40 0.23 | 2014/03 2000 - 2013 Percent Quarterly

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Malta GDP Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 8.72 2012-12-31 9.15 9.15 0.25 8.73 2013-12-31 USD Billion [+]
GDP Annual Growth Rate 2.20 2013-12-31 2.30 6.30 -3.70 3.01 2014-03-31 Percent [+]
GDP per capita 16349.91 2012-12-31 16253.69 16349.91 2998.55 16528.85 2013-12-31 USD [+]
GDP per capita PPP 23204.18 2012-12-31 23067.61 23204.18 10430.67 23468.15 2013-12-31 USD [+]
GDP Growth Rate 0.40 2013-11-15 -0.20 4.10 -3.40 0.23 2014-03-31 Percent [+]
GDP Constant Prices 1329775.00 2013-11-15 1353387.00 1353387.00 907985.00 1314695.53 2014-03-31 EUR THO [+]
Gross Fixed Capital Formation 176230.00 2013-11-15 152192.00 280397.00 120485.00 167540.20 2014-03-31 EUR THO [+]
Gross National Product 1664166.00 2013-11-15 1825994.00 1825994.00 864854.00 1718312.27 2014-03-31 EUR THO [+]
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GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

Malta Inflation Rate at 1.40 Percent  
The inflation rate in Malta was recorded at 1.40 percent in March of 2014. Inflation Rate in Malta is reported by the National Statistics Office, Malta.
Malta Loans to Private Sector at 7738800.00 EUR THO  
Loans to Private Sector in Malta increased to 7738800 EUR THO in September of 2013 from 7727600 EUR THO in August of 2013. Loans to Private Sector in Malta is reported by the Central Bank of Malta.
Malta Producer Prices at 95.32 Index Points  
Producer Prices in Malta decreased to 95.32 Index Points in February of 2014 from 96.91 Index Points in January of 2014. Producer Prices in Malta is reported by the National Statistics Office, Malta.
Malta Tourist Arrivals at 65299.00  
Tourist Arrivals in Malta decreased to 65299 in February of 2014 from 69525 in January of 2014. Tourist Arrivals in Malta is reported by the National Statistics Office, Malta.
Malta Average Gross Wages at 16021.79 EUR  
Wages in Malta increased to 16021.79 EUR in the fourth quarter of 2013 from 15772 EUR in the third quarter of 2013. Wages in Malta is reported by the National Statistics Office, Malta.
Malta Youth Unemployment Rate at 13.90 Percent  
Youth Unemployment Rate in Malta decreased to 13.90 percent in February of 2014 from 14 percent in January of 2014. Youth Unemployment Rate in Malta is reported by the Eurostat.
Malta Personal Lending Rate at 4.44 Percent  
Bank Lending Rate in Malta decreased to 4.44 percent in February of 2014 from 4.47 percent in January of 2014. Bank Lending Rate in Malta is reported by the European Central Bank.
Malta Capacity Utilization at 80.20 Percent  
Capacity Utilization in Malta increased to 80.20 percent in the first quarter of 2014 from 78.40 percent in the fourth quarter of 2013. Capacity Utilization in Malta is reported by the European Commission.
Malta Car Registrations at 1400.00 Cars  
Car Registrations in Malta decreased to 1400 Cars in the fourth quarter of 2013 from 1508 Cars in the third quarter of 2013. Car Registrations in Malta is reported by the National Statistics Office, Malta.
Malta Changes in Inventories at -7073.00 EUR THO  
Changes in Inventories in Malta increased to -7073 EUR THO in the fourth quarter of 2013 from -28466 EUR THO in the third quarter of 2013. Changes in Inventories in Malta is reported by the National Statistics Office, Malta.
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