Markets Actual Q4 Q1 Q2 Q3 2021
Currency 1.17 1.17 1.17 1.16 1.16 1.15
Stock Market (points) 3469.54 3426 3383 3340 3298 3213

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -2.30 2.1 1.5 1.1 1 1.2
GDP Annual Growth Rate (%) -16.20 -5.3 -3 15 7 3.5
Unemployment Rate (%) 4.40 7.5 8 7.2 7.2 6.1
Inflation Rate (%) 0.50 0.6 1.2 1.3 1.3 1.2
Inflation Rate Mom (%) -1.30 0.4 0.4 0.4 0.4 0.4
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Thousand) -139500.00 -111300 -111300 -111300 -111300 -131300
Current Account to GDP (%) 9.70 8.5 8.2 8.2 8.2 8.2
Government Debt to GDP (%) 43.10 52 55 55 55 55
Government Budget (% of GDP) 0.50 -3.8 -4.9 -4.9 -4.9 -4.9
Business Confidence (points) 83.90 79 82 83 83 86
Consumer Confidence (points) -9.10 -10 -9.5 -9 -10 -7.5
Retail Sales MoM (%) 2.60 0.1 0.1 0.1 0.1 0.1
Corporate Tax Rate (%) 35.00 35 35 35 35 35
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -2.30 2.1 1.5 1.1 1 1.2
GDP Annual Growth Rate (%) -16.20 -5.3 -3 15 7 3.5
GDP (USD Billion) 14.79 13.2 14.5 14.5 14.5 14.5
GDP Constant Prices (EUR THO) 2580974.00 2867999 2683339 2491481 2968120 2959775
Gross National Product (EUR THO) 2522998.07 3073154 2878224 2827678 2901448 3171495
Gross Fixed Capital Formation (EUR THO) 592087.00 568060 501682 406924 680900 586238
GDP per capita (USD) 28942.89 27000 28500 28500 28500 28500
GDP per capita PPP (USD) 43340.20 42500 43200 43200 43200 43200

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 4.40 7.5 8 7.2 7.2 6.1
Wages (EUR/Year) 1490.67 19400 19400 19400 19400 19400
Minimum Wages (EUR/Month) 777.10 772 785 785 785 785
Population (Million) 0.49 0.52 0.54 0.54 0.54 0.54
Retirement Age Women 63.00 63 63 63 63 63
Retirement Age Men 63.00 63 63 63 63 63

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 0.50 0.6 1.2 1.3 1.3 1.2
Inflation Rate Mom (%) -1.30 0.4 0.4 0.4 0.4 0.4
Consumer Price Index CPI (points) 103.14 108 105 104 105 110
Harmonised Consumer Prices (points) 108.96 107 107 107 107 109
Producer Prices (points) 109.52 114 110 111 111 116
Food Inflation (%) 1.70 2.8 2.8 2.8 2.8 2.8
Producer Prices Change (%) 0.50 2 2.3 2.5 2.5 2.5

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 0.00 0 0 0 0 0

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (EUR Thousand) -139500.00 -111300 -111300 -111300 -111300 -131300
Current Account to GDP (%) 9.70 8.5 8.2 8.2 8.2 8.2
Imports (EUR Thousand) 373300.00 451400 451400 451400 451400 501400
Exports (EUR Thousand) 235169.00 340100 340100 340100 340100 370100

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 43.10 52 55 55 55 55
Government Budget (% of GDP) 0.50 -3.8 -4.9 -4.9 -4.9 -4.9
Government Budget Value (EUR THO) -34371.00 -2093 -2093 -2093 -2093 -2093
Government Spending (EUR THO) 583595.00 513587 472570 518366 671134 530022
Government Spending to GDP (%) 37.70 46.9 41.8 41.8 41.8 41.8

Taxes Actual Q4 Q1 Q2 Q3 2021
Corporate Tax Rate (%) 35.00 35 35 35 35 35
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
Sales Tax Rate (%) 18.00 18 18 18 18 18
Social Security Rate (%) 20.00 20 20 20 20 20
Social Security Rate For Companies (%) 10.00 10 10 10 10 10
Social Security Rate For Employees (%) 10.00 10 10 10 10 10

Business Actual Q4 Q1 Q2 Q3 2021
Business Confidence (points) 83.90 79 82 83 83 86
Industrial Production (%) -2.50 -6 4 6.5 6.5 7.2

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Confidence (points) -9.10 -10 -9.5 -9 -10 -7.5
Retail Sales MoM (%) 2.60 0.1 0.1 0.1 0.1 0.1
Retail Sales YoY (%) -7.50 -4.8 1.5 13.5 3.5 5.1
Consumer Spending (EUR THO) 1138578.00 1337525 1189741 1174980 1309365 1380325
Bank Lending Rate (%) 3.62 3.93 3.66 3.66 3.66 4.43
Gasoline Prices (USD/Liter) 1.57 1.37 1.35 1.29 1.22 1.3
Consumer Credit (EUR Million) 6127.20 5790 5749 5970 7046 5975


This page has 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.