Malta's economy advanced 7.2 percent year-on-year in the fourth quarter of 2018, quickening from a downwardly revised 7.1 percent growth in the previous period. It was the strongest expansion since the third quarter of 2017, as gross capital formation rebounded (0.8 percent vs -4.4 percent in Q3) while government spending increased faster (27.9 percent vs 5.7 percent). Meantime, both exports (-2.2 percent vs 4.8 percent) and imports (-2.2 percent vs 2.7 percent) fell. In contrast, household consumption increased at a softer pace (7.8 percent vs 8.1 percent). For 2018, GDP expanded 6.6 percent, slowing from a 6.7 percent gain in 2017. GDP Annual Growth Rate in Malta averaged 3.76 percent from 2001 until 2018, reaching an all time high of 11.10 percent in the first quarter of 2015 and a record low of -3.70 percent in the second quarter of 2009.
GDP Annual Growth Rate in Malta is expected to be 4.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Malta to stand at 3.80 in 12 months time. In the long-term, the Malta GDP Annual Growth Rate is projected to trend around 3.20 percent in 2020, according to our econometric models.