Markets Actual Q3 Q4 Q1 Q2 2022
Currency 1.18 1.17 1.17 1.16 1.16 1.14
Stock Market (points) 3869.37 3765 3679 3595 3512 3353

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 3.80 2.5 1 0.7 0.7 0.8
GDP Annual Growth Rate (%) -1.80 7 3.5 3.5 4 3.1
Unemployment Rate (%) 3.90 4.5 4.8 5.1 4.9 4.5
Inflation Rate (%) 0.20 1 1.5 1.4 1.2 1.9
Inflation Rate Mom (%) 1.40 0.4 0.4 0.4 0.4 0.4
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Thousand) -346700.00 -111300 -131300 -131300 -131300 -131300
Current Account to GDP (% of GDP) -4.00 0.2 0.2 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 -5.9 -3.2 -3.2 -3.2
Business Confidence (points) 113.50 83 86 86 86 92
Consumer Confidence (points) 6.00 6 3 1 -1 -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 Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 3.80 2.5 1 0.7 0.7 0.8
GDP Annual Growth Rate (%) -1.80 7 3.5 3.5 4 3.1
GDP (USD Billion) 14.65 14.5 14.5 14.5 14.5 15.1
GDP Constant Prices (EUR THO) 2937046.00 3016710 2959775 3085739 3039843 3181397
Gross National Product (EUR THO) 3031579.02 2850988 3171495 3114857 3137684 3211418
Gross Fixed Capital Formation (EUR THO) 613705.00 752988 586238 694353 635185 715877
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 Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 3.90 4.5 4.8 5.1 4.9 4.5
Wages (EUR/Year) 221412.00 19400 19400 19400 19400 19400
Minimum Wages (EUR/Month) 784.68 785 785 795 795 795
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 Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 0.20 1 1.5 1.4 1.2 1.9
Inflation Rate Mom (%) 1.40 0.4 0.4 0.4 0.4 0.4
Consumer Price Index CPI (points) 104.75 104 106 105 106 108
Harmonised Consumer Prices (points) 109.66 107 109 109 109 109
Producer Prices (points) 110.47 110 111 112 113 113
Food Inflation (%) 2.10 1.8 1.8 2.3 2.3 2.8
Producer Prices Change (%) 1.73 1.8 2.5 2.5 2.5 2.5

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

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (EUR Thousand) -346700.00 -111300 -131300 -131300 -131300 -131300
Current Account to GDP (% of GDP) -4.00 0.2 0.2 1.3 1.3 1.3
Imports (EUR Thousand) 552900.00 451400 501400 501400 501400 501400
Exports (EUR Thousand) 206200.00 340100 370100 370100 370100 370100

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 54.30 55 55 55 55 58
Government Budget (% of GDP) -10.10 -5.9 -5.9 -3.2 -3.2 -3.2
Government Budget Value (EUR THO) -77095.00 -2093 -2093 -2093 -2093 -2093
Government Spending (EUR THO) 687504.00 711211 530022 723279 711567 745700
Government Spending to GDP (% of GDP) 46.60 41.8 41.8 41.8 41.8 40.2

Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2022
Business Confidence (points) 113.50 83 86 86 86 92
Industrial Production (%) 7.60 2.5 2 3.2 0.4 2

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) 6.00 6 3 1 -1 -3
Retail Sales MoM (%) 2.60 2 0.1 0.1 0.1 0.1
Retail Sales YoY (%) 22.00 4.8 1.1 1.5 1.9 0.8
Consumer Spending (EUR THO) 1333501.00 1335140 1380325 1447055 1380174 1491914
Bank Lending Rate (%) 3.60 3.6 3.6 3.6 3.6 3.6
Gasoline Prices (USD/Liter) 1.59 1.51 1.44 1.36 1.29 1.23
Consumer Credit (EUR Million) 6562.30 6956 5975 6611 6741 6816


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.