The economy of Malta grew 3.1% year-on-year in the first quarter of 2023, down from an upwardly revised 5.2% growth in the previous three-month period. It was the slowest expansion since Q1 of 2021, as gross fixed capital formation declined sharply (-16.5% vs 40.7%), while growth slowed for household spending (3.4% vs 7% in Q4). At the same time, net external demand contributed negatively to the GDP as both exports (-3% vs 1.4%) and imports (-6.6% vs 5.4%) declined. Meanwhile, government spending recovered (1.1% vs -1.4%). source: National Statistics Office, Malta
GDP Annual Growth Rate in Malta averaged 4.00 percent from 2001 until 2023, reaching an all time high of 17.10 percent in the second quarter of 2021 and a record low of -15.20 percent in the second quarter of 2020. This page provides - Malta GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malta GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.
GDP Annual Growth Rate in Malta is expected to be 3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malta GDP Annual Growth Rate is projected to trend around 3.60 percent in 2024 and 3.50 percent in 2025, according to our econometric models.