Markets Actual Q2 Q3 Q4 Q1 2022
Currency 1.21 1.21 1.2 1.2 1.19 1.18
Stock Market (points) 4017.95 3967 3918 3868 3819 3721

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 3.80 1.7 2.5 1 0.7 0.8
GDP Annual Growth Rate (%) -6.20 13 7 3.5 3.5 3.1
Unemployment Rate (%) 4.40 7.2 7.2 6.1 5.6 5
Inflation Rate (%) 0.10 1.4 1.6 1.5 1.4 1.9
Inflation Rate Mom (%) 1.00 0.4 0.4 0.4 0.4 0.4
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Thousand) -165600.00 -111300 -111300 -131300 -131300 -131300
Current Account to GDP (%) 9.70 0.2 0.2 0.2 1.3 1.3
Government Debt to GDP (%) 54.30 55 55 55 55 58
Government Budget (% of GDP) -10.10 -5.9 -5.9 -5.9 -3.2 -3.2
Business Confidence (points) 117.30 83 83 86 86 92
Consumer Confidence (points) 5.20 -9 -10 -7.5 -7.5 -3
Retail Sales MoM (%) 2.60 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 Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 3.80 1.7 2.5 1 0.7 0.8
GDP Annual Growth Rate (%) -6.20 13 7 3.5 3.5 3.1
GDP (USD Billion) 14.79 14.5 14.5 14.5 14.5 15.1
GDP Constant Prices (EUR THO) 2981390.00 2976325 2870452 2959775 2959775 3080497
Gross National Product (EUR THO) 3009524.11 2878224 2827678 3171495 3171495 2978962
Gross Fixed Capital Formation (EUR THO) 670872.00 501682 406924 586238 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 Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 4.40 7.2 7.2 6.1 5.6 5
Wages (EUR/Year) 1554.69 19400 19400 19400 19400 19400
Minimum Wages (EUR/Month) 784.68 785 785 785 795 795
Population (Million) 0.51 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 Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 0.10 1.4 1.6 1.5 1.4 1.9
Inflation Rate Mom (%) 1.00 0.4 0.4 0.4 0.4 0.4
Consumer Price Index CPI (points) 103.66 105 105 106 105 108
Harmonised Consumer Prices (points) 103.75 107 107 109 109 109
Producer Prices (points) 109.55 110 110 111 112 113
Food Inflation (%) 0.80 0.5 1.8 1.8 2.3 2.8
Producer Prices Change (%) 1.04 1.2 1.8 2.5 2.5 2.5

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

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (EUR Thousand) -165600.00 -111300 -111300 -131300 -131300 -131300
Current Account to GDP (%) 9.70 0.2 0.2 0.2 1.3 1.3
Imports (EUR Thousand) 423000.00 451400 451400 501400 501400 501400
Exports (EUR Thousand) 257400.00 340100 340100 370100 370100 370100

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 54.30 55 55 55 55 58
Government Budget (% of GDP) -10.10 -5.9 -5.9 -5.9 -3.2 -3.2
Government Budget Value (EUR THO) -91802.00 -2093 -2093 -2093 -2093 -2093
Government Spending (EUR THO) 698820.00 472570 518366 530022 530022 489110
Government Spending to GDP (%) 37.70 41.8 41.8 41.8 41.8 40.2

Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2022
Business Confidence (points) 117.30 83 83 86 86 92
Industrial Production (%) -2.90 6.5 6.5 7.2 7.2 2

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) 5.20 -9 -10 -7.5 -7.5 -3
Retail Sales MoM (%) 2.60 2 0.1 0.1 0.1 0.1
Retail Sales YoY (%) -0.10 2.2 4.8 1.1 1.5 0.8
Consumer Spending (EUR THO) 1398121.00 1189741 1174980 1380325 1380325 1231382
Bank Lending Rate (%) 3.59 3.6 3.6 3.6 3.6 3.6
Consumer Credit (EUR Million) 6462.40 5749 5970 5975 5975 5950
Gasoline Prices (USD/Liter) 1.62 1.55 1.47 1.3 1.33 1.26


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.