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Malta

Headline economic indicators for Malta, with the most recent official readings.

Prices

Prices — Malta
Indicator Value Change
Inflation rate · 2.4% +0.71 (+43.2%)
Consumer price index · 134.5 +3.11 (+2.4%)
Inflation rate (monthly) · 2.4% +0.40 (+20.0%)
Harmonised consumer price index · 132.3 -1.21 (-0.9%)
House price index (quarterly) · 198.6 +3.43 (+1.8%)
House price inflation, year on year (quarterly) · 6.7% +0.37 (+5.9%)
Real house price index (quarterly) · 146.2 +2.69 (+1.9%)
Real house price growth, year on year (quarterly) · 4.1% +0.48 (+13.3%)
Producer prices, year on year (monthly) · 1.7% -0.60 (-26.1%)
GDP deflator inflation · 2.2% -1.92 (-46.9%)

GDP

GDP — Malta
Indicator Value Change
GDP growth rate · 4.0% -2.25 (-36.2%)
GDP per capita · 47,906.9 +3,883 (+8.8%)
GDP growth, quarter on quarter · 1.1% +0.60 (+120.0%)
GDP growth, year on year (quarterly) · 5.0% +0.40 (+8.7%)
Industrial production, year on year (monthly) · 5.1% +1.10 (+27.5%)
Retail sales volume, year on year (monthly) · 4.7% +5.50 (+687.5%)
Economic sentiment indicator (monthly) · 107.5 -7.30 (-6.4%)
Consumer confidence (monthly) · 4.9 -0.90 (-15.5%)
GDP per capita, long-run history · 34,496 +1,465 (+4.4%)
GDP · 27,771,821,560.94 +2,729,109,370 (+10.9%)
GDP, PPP · 41,860,622,489 +2,005,551,020 (+5.0%)
GDP per capita, PPP · 72,210 +2,147 (+3.1%)
GDP per capita growth · 2.0% -1.19 (-37.2%)
GNI per capita · 41,440 +4,900 (+13.4%)
Agriculture to GDP · 0.5% -0.02 (-4.4%)
Industry to GDP · 10.1% -0.49 (-4.6%)
Manufacturing to GDP · 5.3% -0.36 (-6.4%)
Services to GDP · 81.3% -0.26 (-0.3%)
Household consumption to GDP · 44.6% -0.35 (-0.8%)
Gross capital formation to GDP · 18.7% -0.30 (-1.6%)
Gross savings to GDP · 25.9% -0.21 (-0.8%)

Labour

Labour — Malta
Indicator Value Change
Unemployment rate · 2.9% -0.20 (-6.6%)
Unemployment rate (monthly) · 3.4% -0.10 (-2.9%)
Labour force participation rate · 64.0% -0.18 (-0.3%)
Female labour force participation rate · 55.8% -0.09 (-0.2%)
Youth unemployment rate · 8.4% -0.69 (-7.5%)
Employment to population ratio · 62.1% -0.05 (-0.1%)
Employment in agriculture · 0.9% -0.03 (-3.4%)
Employment in industry · 17.7% -0.20 (-1.1%)
Employment in services · 81.4% +0.23 (+0.3%)

Money

Money — Malta
Indicator Value Change
Real interest rate · 2.4% -0.09 (-3.7%)
Central bank policy rate · 2.7% +0.25 (+10.4%)
ECB deposit facility rate · 2.5% +0.25 (+11.1%)
Real effective exchange rate (monthly) · 102.1 -0.98 (-1.0%)
Nominal effective exchange rate (monthly) · 111.7 -0.88 (-0.8%)
Cost of borrowing for house purchase (monthly) · 1.9% +0.00 (+0.0%)
Cost of borrowing for corporations (monthly) · 4.4% -0.08 (-1.8%)
10-year government bond yield (monthly) · 4.2% +0.29 (+7.4%)
Private sector credit to GDP · 61.7% -2.42 (-3.8%)
Lending rate · 4.7% +0.00 (+0.1%)
Stock market capitalization to GDP · 19.3% +2.14 (+12.5%)
Bank nonperforming loans · 2.0% -0.61 (-23.2%)
Official exchange rate · 0.88 -0.04 (-4.2%)

Trade

Trade — Malta
Indicator Value Change
Current account to GDP · 7.1% +0.56 (+8.6%)
Exports to GDP · 119.1% +0.63 (+0.5%)
Imports to GDP · 99.9% +0.66 (+0.7%)
Trade to GDP · 219.0% +1.28 (+0.6%)
Exports of goods and services · 33,078,900,363.37 +3,407,929,288 (+11.5%)
Imports of goods and services · 27,745,379,955.53 +2,890,785,490 (+11.6%)
Trade balance, goods and services (annual) · 4,651,954,192.46 +628,933,310 (+15.6%)
Current account balance (annual) · 1,777,923,393.78 +298,431,642 (+20.2%)
Foreign direct investment to GDP · 51.7% -118.35 (-69.6%)
Remittances received to GDP · 0.1% -0.01 (-9.2%)
Total reserves, including gold · 1,543,517,156.32 +125,907,689 (+8.9%)
Reserves in months of imports · 0.2 +0.00 (+0.9%)

Government

Government — Malta
Indicator Value Change
Government debt to GDP · 30.0% +1.36 (+4.7%)
Government debt to GDP (quarterly) · 47.0% +1.30 (+2.8%)
Government revenue to GDP · 33.2% +2.47 (+8.0%)
Government expense to GDP · 33.7% -2.80 (-7.7%)
Tax revenue to GDP · 24.1% +2.63 (+12.3%)
Government budget balance to GDP · -3.5% +0.92 (+20.9%)
Government consumption to GDP · 17.5% +0.68 (+4.0%)
Education spending to GDP · 4.7% -0.22 (-4.4%)
Health spending to GDP · 8.8% -0.25 (-2.7%)

Demography

Demography — Malta
Indicator Value Change
Population · 579,704 +10,857 (+1.9%)
Population, long-run history · 530 +11.99 (+2.3%)
Population growth · 1.9% -0.98 (-34.2%)
Life expectancy · 83.0 -0.40 (-0.5%)
Fertility rate · 1.01 -0.05 (-4.7%)
Birth rate · 7.7 -0.40 (-4.9%)
Death rate · 7.3 +0.00 (+0.0%)
Urban population share · 95.7% +0.03 (+0.0%)
Population aged 65 and over · 20.5% +0.33 (+1.6%)
Under-five mortality rate · 5.3 -0.20 (-3.6%)
Population density · 1,805.0 +51.09 (+2.9%)
Net migration · 5,161 -1,162 (-18.4%)
Gini index · 31.8 -2.80 (-8.1%)

Source: Bank for International Settlements (BIS). Translated titles are not official BIS translations.

Source: ECB

Source: ECB euro foreign exchange reference rates

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Malta; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.