Malta GDP Growth Rate2022 Data - 2023 Forecast - 2000-2021 Historical - Chart

Name: Malta GDP Growth Rate
Creator: TRADING ECONOMICS
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Keywords: Malta,GDP Growth Rate,data,chart,actual,historical,values,calendar,forecast,graph,2022,2023,2024

The economy of Malta advanced 1.2 percent quarter-on-quarter in the fourth quarter of 2022, after a 1.4 percent growth in the previous three-month period. source: EUROSTAT

GDP Growth Rate in Malta averaged 1.04 percent from 2000 until 2022, reaching an all time high of 6.50 percent in the first quarter of 2017 and a record low of -13.70 percent in the second quarter of 2020. This page provides - Malta GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malta GDP Growth Rate - values, historical data and charts - was last updated on March of 2023.

GDP Growth Rate in Malta is expected to be -0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malta GDP Growth Rate is projected to trend around 0.60 percent in 2024 and 0.50 percent in 2025, according to our econometric models.

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Related	Last	Previous	Unit	Reference
GDP Growth Rate	1.20	1.40	percent	Dec 2022

Malta GDP Growth Rate

Malta's economy is dependent on foreign trade (serving as a freight trans-shipment point), manufacturing of electronics and textiles, tourism and financial services as it offers low-cost environment and an advantageous tax regime. On the expenditure side, household consumption is the main component of GDP and accounts for 55 percent of its total use, followed by government expenditure (20 percent) and gross fixed capital formation (19 percent). Exports of goods and services account for 149 percent while imports account for 143 percent, adding 6 percent of total GDP.