Markets Actual Q1 Q2 Q3 Q4 2022
Currency 1.22 1.21 1.2 1.2 1.2 1.19
Stock Market (points) 4015.69 3965 3915 3866 3817 3719

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 12.70 1.5 2 1.7 1.2 1
GDP Annual Growth Rate (%) -9.90 -3 13 7 3.5 3.1
Unemployment Rate (%) 4.60 6.5 7.2 7.2 6.1 4.5
Inflation Rate (%) 0.20 0.8 1.2 1.8 1.2 1.9
Inflation Rate Mom (%) -0.30 0.4 0.4 0.4 0.4 0.4
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Thousand) -38400.00 -111300 -111300 -111300 -131300 -131300
Current Account to GDP (%) 9.70 8.2 8.2 8.2 8.2 7.8
Government Debt to GDP (%) 43.10 55 55 55 55 58
Government Budget (% of GDP) 0.50 -4.9 -4.9 -4.9 -4.9 -2.8
Business Confidence (points) 79.50 82 83 83 86 92
Consumer Confidence (points) -3.70 -9.5 -9 -10 -7.5 -3
Retail Sales MoM (%) 1.80 2 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 Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 12.70 1.5 2 1.7 1.2 1
GDP Annual Growth Rate (%) -9.90 -3 13 7 3.5 3.1
GDP (USD Billion) 14.79 14.5 14.5 14.5 14.5 15.1
GDP Constant Prices (EUR THO) 2910503.00 2976325 2870452 2916501 2959775 3080497
Gross National Product (EUR THO) 2947433.75 2878224 2827678 2850988 3171495 2978962
Gross Fixed Capital Formation (EUR THO) 602935.00 501682 406924 669058 586238 519241
GDP per capita (USD) 28942.89 28500 28500 28500 28500 29000
GDP per capita PPP (USD) 43340.20 43200 43200 43200 43200 43500

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 4.60 6.5 7.2 7.2 6.1 4.5
Wages (EUR/Year) 1535.72 19400 19400 19400 19400 19400
Minimum Wages (EUR/Month) 777.10 785 785 785 785 785
Population (Million) 0.49 0.54 0.54 0.54 0.54 0.56
Retirement Age Women 63.00 63 63 63 63 63
Retirement Age Men 63.00 63 63 63 63 63

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 0.20 0.8 1.2 1.8 1.2 1.9
Inflation Rate Mom (%) -0.30 0.4 0.4 0.4 0.4 0.4
Consumer Price Index CPI (points) 103.89 104 105 105 105 107
Harmonised Consumer Prices (points) 103.61 107 107 107 109 109
Producer Prices (points) 107.80 108 109 110 116 110
Food Inflation (%) 1.20 2.8 2.8 2.8 2.8 2.8
Producer Prices Change (%) -0.50 0.7 1.2 1.8 2.5 2.5

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 0.00 0 0 0 0 0

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (EUR Thousand) -38400.00 -111300 -111300 -111300 -131300 -131300
Current Account to GDP (%) 9.70 8.2 8.2 8.2 8.2 7.8
Imports (EUR Thousand) 362500.00 451400 451400 451400 501400 501400
Exports (EUR Thousand) 326700.00 340100 340100 340100 370100 370100

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 43.10 55 55 55 55 58
Government Budget (% of GDP) 0.50 -4.9 -4.9 -4.9 -4.9 -2.8
Government Budget Value (EUR THO) -103233.00 -2093 -2093 -2093 -2093 -2093
Government Spending (EUR THO) 595858.00 472570 518366 659462 530022 489110
Government Spending to GDP (%) 37.70 41.8 41.8 41.8 41.8 40.2

Taxes Actual Q1 Q2 Q3 Q4 2022
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 Q1 Q2 Q3 Q4 2022
Business Confidence (points) 79.50 82 83 83 86 92
Industrial Production (%) -2.60 4 6.5 6.5 7.2 2

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Confidence (points) -3.70 -9.5 -9 -10 -7.5 -3
Retail Sales MoM (%) 1.80 2 0.1 0.1 0.1 0.1
Retail Sales YoY (%) -2.70 1.5 13.5 13.5 5.1 2.4
Consumer Spending (EUR THO) 1460297.00 1189741 1174980 1286593 1380325 1231382
Bank Lending Rate (%) 3.59 3.59 3.59 3.59 4.43 3.59
Gasoline Prices (USD/Liter) 1.63 1.37 1.35 1.29 1.3 1.3
Consumer Credit (EUR Million) 6276.80 5749 5970 6956 5975 5950


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.