Markets Actual Q4 Q1 Q2 Q3 2022
Currency 1.16 1.16 1.15 1.15 1.14 1.13
Stock Market (points) 3859.44 3816 3731 3648 3567 3409

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) -0.50 1 0.7 0.7 0.9 0.8
GDP Annual Growth Rate (%) 13.40 7 4 2.2 3.4 3.1
Unemployment Rate (%) 3.50 3.8 3.8 3.6 3.7 3.7
Inflation Rate (%) 0.70 1.5 1.4 1.2 1.2 1.9
Inflation Rate Mom (%) -0.90 0.4 0.4 0.4 0.4 0.4
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Thousand) -178851.00 -131300 -131300 -131300 -131300 -131300
Current Account to GDP (% of GDP) -4.00 0.2 1.3 1.3 1.3 1.3
Government Debt to GDP (% of GDP) 54.30 55 55 55 55 58
Government Budget (% of GDP) -10.10 -5.9 -3.2 -3.2 -3.2 -3.2
Business Confidence (points) 118.70 86 86 86 86 92
Consumer Confidence (points) 7.40 10.5 12 14 12 11
Retail Sales MoM (%) 2.70 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 2022
GDP Growth Rate (%) -0.50 1 0.7 0.7 0.9 0.8
GDP Annual Growth Rate (%) 13.40 7 4 2.2 3.4 3.1
GDP (USD Billion) 14.65 14.5 14.5 14.5 14.5 15.1
GDP Constant Prices (EUR THO) 3112266.00 2959775 3149914 3054528 3180736 3247561
Gross National Product (EUR THO) 3169794.89 3171495 3156921 3152842 3239530 3254785
Gross Fixed Capital Formation (EUR THO) 841061.00 586238 678317 638253 859564 699345
GDP per capita (USD) 26013.51 28500 28500 28500 28500 29000
GDP per capita PPP (USD) 39222.14 43200 43200 43200 43200 43500

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 3.50 3.8 3.8 3.6 3.7 3.7
Wages (EUR/Year) 221412.00 19400 19400 19400 19400 19400
Minimum Wages (EUR/Month) 784.68 785 795 795 795 795
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 Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 0.70 1.5 1.4 1.2 1.2 1.9
Inflation Rate Mom (%) -0.90 0.4 0.4 0.4 0.4 0.4
Consumer Price Index CPI (points) 105.81 106 105 106 107 108
Harmonised Consumer Prices (points) 109.72 109 109 109 109 109
Producer Prices (points) 112.99 115 115 114 114 115
Food Inflation (%) 3.00 1.8 2.3 2.3 2.3 2.8
Producer Prices Change (%) 4.22 6.5 4.6 3 0.8 -0.2

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

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (EUR Thousand) -178851.00 -131300 -131300 -131300 -131300 -131300
Current Account to GDP (% of GDP) -4.00 0.2 1.3 1.3 1.3 1.3
Imports (EUR Thousand) 427623.00 501400 501400 501400 501400 501400
Exports (EUR Thousand) 248771.00 370100 370100 370100 370100 370100

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 54.30 55 55 55 55 58
Government Budget (% of GDP) -10.10 -5.9 -3.2 -3.2 -3.2 -3.2
Government Budget Value (EUR THO) -77095.00 -2093 -2093 -2093 -2093 -2093
Government Spending (EUR THO) 618111.00 530022 747737 715004 631709 770917
Government Spending to GDP (% of GDP) 46.60 41.8 41.8 41.8 41.8 40.2

Taxes Actual Q4 Q1 Q2 Q3 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 Q4 Q1 Q2 Q3 2022
Business Confidence (points) 118.70 86 86 86 86 92
Industrial Production (%) -4.10 2 3.2 0.4 0.4 2

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Confidence (points) 7.40 10.5 12 14 12 11
Retail Sales MoM (%) 2.70 0.1 0.1 0.1 0.1 0.1
Retail Sales YoY (%) 19.60 1.1 1.5 1.9 1.9 0.8
Consumer Spending (EUR THO) 1373693.00 1380325 1499852 1386841 1403914 1546348
Bank Lending Rate (%) 3.60 3.6 3.6 3.6 3.6 3.6
Gasoline Prices (USD/Liter) 1.56 1.48 1.41 1.34 1.27 1.21
Consumer Credit (EUR Million) 6759.10 5975 6835 6774 6844 7047


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.