Malta GDP Annual Growth Rate  2001-2016 | Data | Chart | Calendar

The Maltese economy advanced 3.0 percent year-on-year in the third quarter of 2016, following an upwardly revised 3.4 percent expansion in the previous period. It was the lowest growth rate since the first quarter of 2012, due to a decline in government spending (-7.3 percent from 3.1 percent in Q2) and a slump in gross fixed capital formation (-22.3 percent from -2.7 percent) while household expenditure rose (+3.1 percent from +2.3 percent). Exports went up 0.3 percent (-0.4 percent in Q2) and imports decreased (-5.7 percent from -1.6 percent). GDP Annual Growth Rate in Malta averaged 2.86 percent from 2001 until 2016, reaching an all time high of 10.50 percent in the fourth quarter of 2014 and a record low of -3.70 percent in the second quarter of 2009.

Malta GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-08 09:10 AM Q1 5.2% 6.2% 6.1%
2016-09-06 09:00 AM Q2 3% 5.3% 4.4%
2016-12-07 10:45 AM Q3 3% 3.4% 3.6%
2017-03-09 10:00 AM Q4 3% 3.8%
2017-06-08 09:10 AM Q1 4.4%
2017-09-06 09:00 AM Q2 4.2%




Malta GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 0.10 4.10 -3.10 percent [+]
GDP Annual Growth Rate 3.00 3.40 10.50 -3.70 percent [+]
GDP 9.64 8.88 9.64 0.25 USD Billion [+]
GDP Constant Prices 2344874.00 1971585.00 2344874.00 1181627.00 EUR THO [+]
Gross National Product 2225255.01 2145682.41 2259105.09 894723.89 EUR THO [+]
Gross Fixed Capital Formation 508316.00 426777.00 523678.00 155934.00 EUR THO [+]
GDP per capita 20339.91 19951.36 20339.91 3645.05 USD [+]
GDP per capita PPP 28821.66 28271.08 28821.66 16596.33 USD [+]



Malta GDP Annual Growth Rate Notes

Malta's main economic sectors are tourism, high value added manufacturing, life sciences and pharmaceuticals, ICT, financial services, education and training, creative arts, aviation, maritime. Malta's financial services industry has grown in recent years and it has avoided contagion from the European financial crisis, largely because its debt is mostly held domestically and its banks have low exposure to the sovereign debt of peripheral European countries. On the expenditure side, household consumption is the main component of GDP and accounts for 55 percent of its total use, followed by government expenditure (20 percent) and gross fixed capital formation (19 percent). Exports of goods and services account for 149 percent while imports account for 143 percent, adding 6 percent of total GDP. This page provides - Malta GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malta GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.40 10.50 -3.70 2001 - 2016 percent Quarterly
NSA



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