Markets Actual Q1 Q2 Q3 Q4 2023
Currency 1.12 1.13 1.12 1.12 1.12 1.11
Stock Market (points) 3805.61 3702 3631 3560 3492 3358

Overview Actual Q1 Q2 Q3 Q4 2023
GDP Growth Rate (%) -0.50 0.7 0.7 0.9 0.8 0.8
GDP Annual Growth Rate (%) 9.70 4 2.2 3.4 3.1 3.1
Unemployment Rate (%) 3.60 3.8 3.6 3.7 3.7 3.5
Inflation Rate (%) 2.60 2 1.9 1.5 1.5 1.5
Inflation Rate Mom (%) 0.00 0.4 0.4 0.4 0.4 0.4
Interest Rate (%) 0.00 0 0 0.1 0.25 0.5
Balance of Trade (EUR Thousand) -334120.00 -131300 -131300 -131300 -131300 -131300
Current Account to GDP (% of GDP) -4.00 1.3 1.3 1.3 1.3 1.7
Government Debt to GDP (% of GDP) 54.30 55 55 55 58 58
Government Budget (% of GDP) -10.10 -3.2 -3.2 -3.2 -3.2 -3.2
Business Confidence (points) 98.00 108 86 86 92 92
Consumer Confidence (points) -0.30 12 14 12 11 9
Retail Sales MoM (%) 1.20 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 Q1 Q2 Q3 Q4 2023
GDP Growth Rate (%) -0.50 0.7 0.7 0.9 0.8 0.8
GDP Annual Growth Rate (%) 9.70 4 2.2 3.4 3.1 3.1
GDP (USD Billion) 14.65 14.5 14.5 14.5 15.1 15.1
GDP Constant Prices (EUR THO) 3280396.00 3149914 3054528 3180736 3391929 3247561
Gross National Product (EUR THO) 3453856.14 3156921 3152842 3239530 3571287 3254785
Gross Fixed Capital Formation (EUR THO) 866379.00 678317 638253 859564 895836 699345
GDP per capita (USD) 24531.96 28500 28500 28500 29000 29000
GDP per capita PPP (USD) 39222.14 43200 43200 43200 43500 43500

Labour Actual Q1 Q2 Q3 Q4 2023
Unemployment Rate (%) 3.60 3.8 3.6 3.7 3.7 3.5
Wages (EUR/Year) 1608.28 19400 19400 19400 19400 19400
Minimum Wages (EUR/Month) 784.68 795 795 795 795 805
Population (Million) 0.51 0.54 0.54 0.54 0.56 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 2023
Inflation Rate (%) 2.60 2 1.9 1.5 1.5 1.5
Inflation Rate Mom (%) 0.00 0.4 0.4 0.4 0.4 0.4
Consumer Price Index CPI (points) 106.37 106 107 107 108 110
Harmonised Consumer Prices (points) 106.38 109 109 109 109 109
Producer Prices (points) 113.42 115 114 115 113 112
Food Inflation (%) 4.90 2.3 2.3 2.3 2.8 2.8
Producer Prices Change (%) 5.46 4.6 3 0.8 -0.2 -0.7

Money Actual Q1 Q2 Q3 Q4 2023
Interest Rate (%) 0.00 0 0 0.1 0.25 0.5

Trade Actual Q1 Q2 Q3 Q4 2023
Balance of Trade (EUR Thousand) -334120.00 -131300 -131300 -131300 -131300 -131300
Current Account to GDP (% of GDP) -4.00 1.3 1.3 1.3 1.3 1.7
Imports (EUR Thousand) 640900.00 501400 501400 501400 501400 501400
Exports (EUR Thousand) 306700.00 370100 370100 370100 370100 370100

Government Actual Q1 Q2 Q3 Q4 2023
Government Debt to GDP (% of GDP) 54.30 55 55 55 58 58
Government Budget (% of GDP) -10.10 -3.2 -3.2 -3.2 -3.2 -3.2
Government Budget Value (EUR THO) -57105.00 -2093 -2093 -2093 -2093 -2093
Government Spending (EUR THO) 658921.00 747737 715004 631709 681324 770917
Government Spending to GDP (% of GDP) 46.60 41.8 41.8 41.8 40.2 40.2

Taxes Actual Q1 Q2 Q3 Q4 2023
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 2023
Business Confidence (points) 98.00 108 86 86 92 92
Industrial Production (%) -7.50 3.2 0.4 0.4 2 2

Consumer Actual Q1 Q2 Q3 Q4 2023
Consumer Confidence (points) -0.30 12 14 12 11 9
Retail Sales MoM (%) 1.20 0.1 0.1 0.1 0.1 0.1
Retail Sales YoY (%) 10.20 1.5 1.9 1.9 0.8 1.5
Consumer Spending (EUR THO) 1539576.00 1499852 1386841 1403914 1591922 1546348
Bank Lending Rate (%) 3.62 3.62 3.62 3.72 3.87 4.12
Consumer Credit (EUR Million) 6855.30 5975 6774 6844 7088 7047
Gasoline Prices (USD/Liter) 1.52 1.44 1.37 1.3 1.24 1.18


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Malta Forecast - was last updated on Wednesday, January 26, 2022.