Malta - Economic Forecasts - 2018-2020 Outlook

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.


Overview Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 1.90 0.6 0.5 1.4 1.4 0.5 percent
Unemployment Rate 4.40 4 4.3 4.3 4 4.5 percent
Inflation Rate 2.40 1.9 1.9 2 2.2 2.4 percent
Interest Rate 0.00 0 0 0 0 0.75 percent
Balance of Trade -218800.00 -268900 -114500 -209500 -196500 -115300 EUR Thousand
Government Debt to GDP 50.80 57.2 57.2 56.3 56.3 54.7 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 1.18
1.16 1.15 1.15 1.14 1.12
Stock Market 4346.23
points
4261 4233 4206 4179 4073
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 1.90
percent
0.6 0.5 1.4 1.4 0.5
GDP Annual Growth Rate 5.90
percent
4.8 4.5 4.1 4 3.2
GDP 12.54
USD Billion
13.5 13.5 14 14 15.3
GDP Constant Prices 2441527.00
EUR THO
2721025 2555364 2370447 2539188 2766355
Gross National Product 2819612.93
EUR THO
2783011 2715268 2784400 2932397 2939463
Gross Fixed Capital Formation 458566.00
EUR THO
475414 583381 432957 476909 631549
GDP per capita 27145.81
USD
28750 28750 29660 29660 30540
GDP per capita PPP 36513.32
USD
37300 37300 38000 38000 38900
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 4.40
percent
4 4.3 4.3 4 4.5
Employed Persons 201786.00
205867 208495 211109 213707 238879
Unemployed Persons 1828.00
1784 1785 1784 1784 1784
Long Term Unemployment Rate 1.10
percent
1.46 1.52 1.42 1.34 1.43
Youth Unemployment Rate 6.30
percent
6.54 6 6.24 6.15 6.17
Labour Costs 115.27
Index Points
104 110 121 116 111
Wages 18643.44
EUR/Year
18500 18500 19300 19345 19400
Minimum Wages 747.54
EUR/Month
748 748 760 760 772
Population 0.48
Million
0.48 0.48 0.5 0.5 0.52
Retirement Age Women 62.00
62 62 63 62 63
Retirement Age Men 62.00
62 62 63 62 63
Productivity 115.30
Index Points
126 122 114 117 124
Part Time Employment 28.00
Thousand
29.1 29.51 28.73 28.93 29.41
Labor Force Participation Rate 56.90
percent
56.92 56.92 56.92 56.92 56.92
Full Time Employment 185.60
Thousand
192 195 197 200 222
Employment Change 1.30
percent
1.23 1.21 1.17 1.19 1.15
Employment Rate 68.10
percent
68.23 68.23 68.23 68.23 68.23
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 2.40
percent
1.9 1.9 2 2.2 2.4
Inflation Rate Mom 0.70
percent
-0.54 0.13 0.26 0.09 0.12
Harmonised Consumer Prices 107.56
Index Points
106 103 103 109 108
Consumer Price Index CPI 100.78
Index Points
102 103 102 103 108
GDP Deflator 81.35
Index Points
87.3 85.47 79.11 78.95 78.68
Producer Prices 100.40
Index Points
104 104 104 105 110
Producer Prices Change 3.90
percent
6.2 6 4.5 4.1 2.2
Cpi Housing Utilities 103.06
Index Points
103 103 103 103 103
Cpi Transportation 105.71
Index Points
103 104 104 104 104
Food Inflation 2.40
percent
2.13 2.14 2.14 2.14 2.14
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 0.00
percent
0 0 0 0 0.75
Money Supply M0 1001.37
EUR Million
1010 1018 1024 1029 1037
Money Supply M1 15323.77
EUR Million
15450 15620 15776 15921 16955
Money Supply M2 19213.00
EUR Million
19349 19544 19741 19928 21434
Money Supply M3 19939.75
EUR Million
20141 20404 20671 20929 23167
Loans to Private Sector 3525.20
EUR Million
3534 3550 3564 3577 3650
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -218800.00
EUR Thousand
-268900 -114500 -209500 -196500 -115300
Exports 319300.00
EUR Thousand
232200 361100 282100 275100 406100
Imports 538100.00
EUR Thousand
501100 475600 491600 471600 521400
Current Account 390487.00
EUR Thousand
461800 387675 430950 483938 440298
Current Account to GDP 12.60
percent
3.7 3.7 3.4 3.4 3.2
External Debt 88641.10
EUR Million
88750 88910 88981 89038 89627
Capital Flows -145230.00
EUR Thousand
174009 132796 207059 163964 170169
Tourist Arrivals 290040.55
212900 130400 193500 251400 185500
Gold Reserves 0.09
Tonnes
0.09 0.09 0.09 0.08 0.09
Foreign Direct Investment 775.90
EUR Million
888 905 904 901 905
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 50.80
percent
57.2 57.2 56.3 56.3 54.7
Government Budget 3.90
percent of GDP
1.5 1.5 4.17 3.78 0.6
Government Budget Value 24710.00
EUR THO
-13952 -7773 -6812 -6414 -6671
Government Spending 434950.00
EUR THO
403068 369807 407427 452348 400341
Government Spending to GDP 36.50
percent
36.82 36.51 36.65 36.79 37.18
Government Revenues 359793.47
EUR Thousand
331098 333093 332958 332883 332883
Government Debt 5691.50
EUR Million
5667 5568 5570 5568 5351
Fiscal Expenditure 335084.00
EUR Thousand
345050 342021 339770 339297 339555
Military Expenditure 61.80
USD Million
60.44 60.83 60.49 60.15 59.75
Asylum Applications 160.00
persons
147 147 147 147 147
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Business Confidence 120.70
Index Points
120 119 119 118 117
Industrial Production -6.00
percent
-0.9 0.3 0.9 1.2 2.5
Manufacturing Production -7.00
percent
-2.13 -2.17 -2.17 -2.17 -2.16
Capacity Utilization 83.20
percent
78.42 77.93 78.22 78.05 78.11
Changes in Inventories 39450.00
EUR THO
13931 8180 16126 17883 10286
Car Registrations 2181.00
1866 1847 2108 2091 1979
Internet Speed 12829.03
KBps
12749 12747 12733 12742 12748
IP Addresses 194646.00
IP
202365 199881 203105 199945 201789
Mining Production 1.90
percent
6.43 6.73 5.85 5.55 5.18
Industrial Production Mom -6.00
percent
0.67 -0.08 -0.14 -0.07 0.06
Competitiveness Index 4.65
Points
4.53 4.53 4.63 4.66 4.7
Competitiveness Rank 37.00
41 41 39 38 39
Corruption Index 56.00
Points
55 54 54 55 55
Corruption Rank 46.00
45 45 45 45 47
Ease Of Doing Business 84.00
77.35 75.36 77.5 79.65 83.88
Electricity Production 197.00
Gigawatt-hour
129 137 135 134 135
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Confidence 22.70
Index Points
22.9 23.3 21.8 21.4 17
Retail Sales MoM -0.40
percent
0.05 1.9 0.1 0.1 1.6
Retail Sales YoY -2.60
percent
-1.95 4.2 -1.85 -1.84 3.4
Consumer Spending 1159394.00
EUR THO
1228224 1209113 1202058 1205770 1308947
Private Sector Credit 9334.44
EUR Million
9448 9501 9533 9552 9579
Bank Lending Rate 3.72
percent
3.72 3.72 3.72 3.72 4.47
Consumer Credit 5323.07
EUR Million
5352 5428 5505 5581 6337
Gasoline Prices 1.59
USD/Liter
1.62 1.53 1.45 1.36 1.08
HOUSING Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Housing Index 111.11
Index Points
117 118 115 117 121
Home Ownership Rate 81.90
percent
81.25 81.26 81.23 81.2 81.78
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 35.00
percent
35 35 35 35 35
Personal Income Tax Rate 35.00
percent
35 35 35 35 35
Sales Tax Rate 18.00
percent
18 18 18 18 18
Social Security Rate 20.00
percent
20 20 20 20 20
Social Security Rate For Companies 10.00
percent
10 10 10 10 10
Social Security Rate For Employees 10.00
percent
10 10 10 10 10
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 28.77
mm
12.15 70.06 53.42 35.9 38.97
Temperature 14.12
celsius
25.1 17.41 12.82 23.44 18.96