Malta - Economic Forecasts - 2018-2020 Outlook

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.


Overview Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.60 0.6 0.5 1.3 1.3 0.5 percent
Unemployment Rate 4.40 4 4.3 4.3 4 4.5 percent
Inflation Rate 2.00 1.7 1.9 2 2.1 2.4 percent
Interest Rate 0.00 0 0 0 0.25 0.75 percent
Balance of Trade -242644.00 -268900 -114500 -209500 -196500 -115300 EUR Thousand
Government Debt to GDP 50.80 57.2 57.2 56.3 56.3 54.7 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 1.17
 1.14 1.13 1.11 1.09 1.02
Stock Market 4400.85
points		 4320 4239 4160 4082 3785
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.60
percent		 0.6 0.5 1.3 1.3 0.5
GDP Annual Growth Rate 4.40
percent		 5.8 5.5 5.1 5 3.2
GDP 12.54
USD Billion		 13.5 13.5 14 14 15.3
GDP Constant Prices 2277086.00
EUR THO		 2746989 2579817 2393217 2575042 2792827
Gross National Product 2674736.29
EUR THO		 2809567 2741252 2811148 2753938 2967592
Gross Fixed Capital Formation 415905.00
EUR THO		 479950 588963 437116 460886 637593
GDP per capita 27145.81
USD		 28750 28750 29660 29660 30540
GDP per capita PPP 36513.32
USD		 37300 37300 38000 38000 38900
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 4.40
percent		 4 4.3 4.3 4 4.5
Employed Persons 195274.00
 202144 204312 206466 208605 229219
Unemployed Persons 1791.00
 1782 1782 1782 1782 1782
Long Term Unemployment Rate 1.10
percent		 1.46 1.52 1.42 1.34 1.43
Youth Unemployment Rate 4.80
percent		 5.53 5.19 5.32 5.27 5.29
Labour Costs 119.81
Index Points		 102 109 120 114 110
Wages 18643.44
EUR/Year		 18500 18500 19300 19345 19400
Minimum Wages 747.54
EUR/Month		 748 748 760 756 772
Population 0.48
Million		 0.48 0.48 0.5 0.5 0.52
Retirement Age Women 62.00
 62 62 63 62 63
Retirement Age Men 62.00
 62 62 63 62 63
Productivity 111.70
Index Points		 125 122 114 116 124
Part Time Employment 28.00
Thousand		 29.1 29.51 28.73 28.93 29.41
Labor Force Participation Rate 56.90
percent		 56.92 56.92 56.92 56.92 56.92
Full Time Employment 185.60
Thousand		 192 195 197 200 222
Employment Change 1.30
percent		 1.23 1.21 1.17 1.19 1.15
Employment Rate 68.10
percent		 68.23 68.23 68.23 68.23 68.23
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 2.00
percent		 1.7 1.9 2 2.1 2.4
Inflation Rate Mom 1.30
percent		 -0.75 0.22 0.35 0.06 0.14
Harmonised Consumer Prices 106.57
Index Points		 106 103 103 109 108
Consumer Price Index CPI 100.87
Index Points		 102 103 102 103 108
GDP Deflator 81.47
Index Points		 87.75 85.84 79.52 80.5 80.1
Producer Prices 100.23
Index Points		 101 100 102 102 105
Producer Prices Change 5.60
percent		 3.6 2.5 2.2 2.3 2.2
Cpi Housing Utilities 102.92
Index Points		 103 103 103 103 103
Cpi Transportation 101.43
Index Points		 101 102 102 102 102
Food Inflation 1.90
percent		 1.81 1.82 1.82 1.82 1.82
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 0.00
percent		 0 0 0 0.25 0.75
Money Supply M0 992.20
EUR Million		 1004 1011 1015 1019 1025
Money Supply M1 15424.21
EUR Million		 15761 16035 16301 16558 18672
Money Supply M2 19198.90
EUR Million		 19357 19578 19781 19970 21507
Money Supply M3 19938.57
EUR Million		 20295 20631 20937 21238 23920
Loans to Private Sector 3419.80
EUR Million		 3417 3418 3419 3420 3427
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -242644.00
EUR Thousand		 -268900 -114500 -209500 -196500 -115300
Exports 211482.00
EUR Thousand		 232200 361100 282100 275100 406100
Imports 454126.00
EUR Thousand		 501100 475600 491600 471600 521400
Current Account 390487.00
EUR Thousand		 461800 387675 430950 483938 440298
Current Account to GDP 12.60
percent		 3.7 3.7 3.4 3.4 3.2
External Debt 90058.10
EUR Million		 90693 90970 91232 91480 93599
Capital Flows -145230.00
EUR Thousand		 174009 132796 207059 163964 170169
Tourist Arrivals 234488.44
 198500 129700 200800 244000 185700
Gold Reserves 0.09
Tonnes		 0.09 0.09 0.09 0.08 0.09
Foreign Direct Investment 911.10
EUR Million		 888 905 904 901 905
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 50.80
percent		 57.2 57.2 56.3 56.3 54.7
Government Budget 3.90
percent of GDP		 1.5 1.5 4.17 3.78 0.6
Government Budget Value 17869.00
EUR THO		 -2432 -1536 -1359 -1323 -1234
Government Spending 410226.00
EUR THO		 406914 373346 431148 424370 404172
Government Spending to GDP 36.50
percent		 36.82 36.51 36.65 36.79 37.18
Government Revenues 348297.89
EUR Thousand		 330090 331111 331087 331084 331084
Government Debt 5642.60
EUR Million		 5711 5615 5644 5645 5482
Fiscal Expenditure 330429.00
EUR Thousand		 332522 332947 332446 332407 332318
Military Expenditure 61.80
USD Million		 60.44 60.83 60.49 60.15 59.75
Asylum Applications 125.00
persons		 147 147 147 147 147
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Business Confidence 117.90
Index Points		 118 117 117 117 117
Industrial Production -1.10
percent		 -1.33 1.4 -1.43 -1.44 2.5
Manufacturing Production -6.20
percent		 -5.88 -6.03 -6.06 -6.07 -6.07
Capacity Utilization 77.60
percent		 78.42 77.93 78.22 78.05 78.11
Changes in Inventories 32723.00
EUR THO		 11523 709 15752 6468 8958
Car Registrations 2206.00
 1866 1847 2108 2091 1979
Internet Speed 12829.03
KBps		 12749 12747 12733 12742 12748
IP Addresses 194646.00
IP		 202365 199881 203105 199945 201789
Mining Production 3.20
percent		 -5.89 -5.81 -5.72 -5.77 -5.76
Industrial Production Mom 3.10
percent		 -0.42 -0.22 -0.09 -0.02 0.04
Competitiveness Index 4.65
Points		 4.53 4.53 4.63 4.66 4.7
Competitiveness Rank 37.00
 41 41 39 38 39
Corruption Index 56.00
Points		 55 54 54 55 55
Corruption Rank 46.00
 45 45 45 45 47
Ease Of Doing Business 84.00
 77.35 75.36 77.5 79.65 83.88
Electricity Production 86.00
Gigawatt-hour		 101 94.18 97.07 95.68 96.13
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Confidence 23.20
Index Points		 23.01 23.04 23.06 23.07 23.08
Retail Sales MoM 0.40
percent		 0.1 1.9 0.1 0.1 1.6
Retail Sales YoY -1.80
percent		 -0.19 4.2 -0.33 -0.33 3.4
Consumer Spending 1166686.00
EUR THO		 1239943 1220684 1226187 1242472 1321473
Private Sector Credit 9204.50
EUR Million		 9352 9434 9517 9598 10323
Bank Lending Rate 3.80
percent		 3.8 3.8 3.8 3.8 4.55
Consumer Credit 5191.60
EUR Million		 5342 5417 5492 5567 6310
Gasoline Prices 1.52
USD/Liter		 1.44 1.36 1.28 1.21 0.68
HOUSING Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Housing Index 111.11
Index Points		 117 118 115 117 121
Home Ownership Rate 81.90
percent		 81.25 81.26 81.23 81.2 81.78
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 35.00
percent		 35 35 35 35 35
Personal Income Tax Rate 35.00
percent		 35 35 35 35 35
Sales Tax Rate 18.00
percent		 18 18 18 18 18
Social Security Rate 20.00
percent		 20 20 20 20 20
Social Security Rate For Companies 10.00
percent		 10 10 10 10 10
Social Security Rate For Employees 10.00
percent		 10 10 10 10 10
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 28.77
mm		 12.15 70.06 53.42 35.9 38.97
Temperature 14.12
celsius		 25.1 17.41 12.82 23.44 18.96