Markets Actual Q2 Q3 Q4 Q1 2021
Currency 1.13 1.13 1.12 1.12 1.11 1.11
Stock Market (points) 4037.63 3987 3937 3887 3838 3739

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) 1.70 -3.3 -1.8 0.9 1.5 1.2
GDP Annual Growth Rate (%) 0.50 -4.3 -3.5 -0.7 0.9 2.2
Unemployment Rate (%) 3.20 5.1 6.3 7.5 8 6.1
Inflation Rate (%) 1.10 1.3 1.2 1.3 1.6 1.8
Inflation Rate Mom (%) 2.90 0.2 0.2 0.4 0.4 0.4
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Thousand) -177400.00 -334000 -334000 -111300 -111300 -131300
Current Account to GDP (%) 9.70 8.5 8.5 8.5 8.2 8.2
Government Debt to GDP (%) 43.10 52 52 52 55 55
Government Budget (% of GDP) 0.50 -3.8 -3.8 -3.8 -4.9 -4.9
Business Confidence (points) 56.60 74 77 79 82 86
Consumer Confidence (points) -11.30 -28 -24 -19 -17 -14
Retail Sales MoM (%) -25.10 0.5 0.8 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 Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) 1.70 -3.3 -1.8 0.9 1.5 1.2
GDP Annual Growth Rate (%) 0.50 -4.3 -3.5 -0.7 0.9 2.2
GDP (USD Billion) 15.10 15.9 15.9 15.9 17.5 17.5
GDP Constant Prices (EUR THO) 2833515.00 2550459 2838523 2813680 2859017 2875581
Gross National Product (EUR THO) 3039307.48 2887063 3061017 3018032 3066661 3084429
Gross Fixed Capital Formation (EUR THO) 529759.00 430668 460323 526051 534527 537624
GDP per capita (USD) 28385.10 30500 30500 30500 31400 31400
GDP per capita PPP (USD) 38146.77 41500 41500 41500 37239 44000

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 3.20 5.1 6.3 7.5 8 6.1
Wages (EUR/Year) 19488.25 19200 19200 19400 19400 19400
Minimum Wages (EUR/Month) 761.97 772 772 772 785 785
Population (Million) 0.49 0.51 0.51 0.52 0.54 0.54
Retirement Age Women 62.00 63 63 63 63 63
Retirement Age Men 62.00 63 63 63 63 63

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 1.10 1.3 1.2 1.3 1.6 1.8
Inflation Rate Mom (%) 2.90 0.2 0.2 0.4 0.4 0.4
Consumer Price Index CPI (points) 103.48 104 104 105 105 107
Harmonised Consumer Prices (points) 107.05 104 104 107 107 109
Producer Prices (points) 108.49 110 111 110 111 113
Food Inflation (%) 3.20 2.6 2.6 2.8 2.8 2.8
Producer Prices Change (%) 0.60 1.5 1.6 2 2.3 2.5

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 0.00 0 0 0 0 0

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (EUR Thousand) -177400.00 -334000 -334000 -111300 -111300 -131300
Current Account to GDP (%) 9.70 8.5 8.5 8.5 8.2 8.2
Imports (EUR Thousand) 423200.00 608200 608200 451400 451400 501400
Exports (EUR Thousand) 245800.00 274200 274200 340100 340100 370100

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 43.10 52 52 52 55 55
Government Budget (% of GDP) 0.50 -3.8 -3.8 -3.8 -4.9 -4.9
Government Budget Value (EUR THO) -295419.00 -2143 -2143 -2093 -2093 -2093
Government Spending (EUR THO) 499018.00 460182 446774 495525 503509 506426
Government Spending to GDP (%) 37.70 46.9 46.9 46.9 41.8 41.8

Taxes Actual Q2 Q3 Q4 Q1 2021
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 Q2 Q3 Q4 Q1 2021
Business Confidence (points) 56.60 74 77 79 82 86
Industrial Production (%) -3.00 -15.8 -11 -6 4 7.2

Consumer Actual Q2 Q3 Q4 Q1 2021
Consumer Confidence (points) -11.30 -28 -24 -19 -17 -14
Retail Sales MoM (%) -25.10 0.5 0.8 0.1 0.1 0.1
Retail Sales YoY (%) -24.80 -4 -3.5 -1.8 1.5 2.1
Consumer Spending (EUR THO) 1256326.00 1172114 1242598 1247532 1267633 1274977
Bank Lending Rate (%) 3.67 3.72 3.72 3.72 3.72 3.72
Gasoline Prices (USD/Liter) 1.55 1.49 1.42 1.35 1.28 1.22
Consumer Credit (EUR Million) 6020.92 5659 5823 5979 6075 6110


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.