The Gross Domestic Product (GDP) in Malta expanded 1.30 percent in the second quarter of 2019 over the previous quarter. GDP Growth Rate in Malta averaged 0.94 percent from 2000 until 2019, reaching an all time high of 4.40 percent in the first quarter of 2002 and a record low of -3 percent in the first quarter of 2009.

GDP Growth Rate in Malta is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Malta to stand at 0.60 in 12 months time. In the long-term, the Malta GDP Growth Rate is projected to trend around 0.50 percent in 2020, according to our econometric models.

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Malta GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.30 0.00 4.40 -3.00 2000 - 2019 percent Quarterly

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.

Malta GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.30 0.00 4.40 -3.00 percent [+]
GDP Annual Growth Rate 3.40 4.90 11.30 -3.70 percent [+]
GDP 14.54 12.75 14.54 0.25 USD Billion [+]
GDP Constant Prices 2959781.00 2664765.00 2959781.00 1181627.00 EUR THO [+]
Gross National Product 3177716.95 3001946.68 3177716.95 894723.89 EUR THO [+]
Gross Fixed Capital Formation 458033.00 445896.00 562065.00 155934.00 EUR THO [+]
GDP per capita 28385.10 27523.50 28385.10 3742.81 USD [+]
GDP per capita PPP 38146.77 36988.92 38146.77 16162.32 USD [+]