Malta GDP Annual Growth Rate

Malta's economic growth slowed to 4.0 percent year-on-year in the first quarter of 2019, the slowest rate since the fourth quarter of 2013, from an upwardly revised 5.4 percent in the previous three-month period. Household consumption (3.8 percent vs 5.3 percent in Q1), government spending (7.3 percent vs 20.8 percent) and fixed investment (0.8 percent vs 29.1 percent) increased much less. At the same time, exports dropped 0.2 percent (vs 3.2 percent in Q1) and imports declined 2.4 percent (vs 6.6 percent in Q1). GDP Annual Growth Rate in Malta averaged 3.82 percent from 2001 until 2019, reaching an all time high of 11.30 percent in the first quarter of 2015 and a record low of -3.70 percent in the second quarter of 2009.

GDP Annual Growth Rate in Malta is expected to be 5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Malta to stand at 4.30 in 12 months time. In the long-term, the Malta GDP Annual Growth Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	TEForecast
2018-12-07	10:00 AM	GDP Growth Rate YoY Q3	7.5%	6.2%	4.8%
2019-03-08	10:00 AM	GDP Growth Rate YoY Q4	7.2%	7.1%	6.4%
2019-06-06	09:00 AM	GDP Growth Rate YoY Q1	4.9%	7.6%	4.7%
2019-09-06	09:00 AM	GDP Growth Rate YoY Q2	4.0%	5.4%	5.2%
2019-12-06	10:00 AM	GDP Growth Rate YoY Q3		4.0%	5.5%

Malta GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	1.30	0.00	4.40	-3.00	percent	[+]
GDP Annual Growth Rate	4.00	5.40	11.30	-3.70	percent	[+]
GDP	14.54	12.75	14.54	0.25	USD Billion	[+]
GDP Constant Prices	2625920.00	2498105.00	2851931.00	1181627.00	EUR THO	[+]
Gross National Product	3001946.68	2802669.45	3001946.68	894723.89	EUR THO	[+]
Gross Fixed Capital Formation	445896.00	513395.00	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	[+]

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. This page provides - Malta GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malta GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	4.00	5.40	11.30	-3.70	2001 - 2019	percent	Quarterly	2010=100, NSA

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Country	Last		Previous	Range
China	6.20	Jun/19	6.4	15.4 : 3.8	%
Indonesia	5.05	Jun/19	5.07	7.16 : 1.56	%
India	5.00	Jun/19	5.8	11.4 : -5.2	%
United States	2.30	Jun/19	2.7	13.4 : -3.9	%
Spain	2.10	Jun/19	2.1	5.4 : -4.3	%
Netherlands	2.00	Jun/19	1.7	6.1 : -4.6	%
South Korea	2.00	Jun/19	1.7	20.8 : -7.3	%
Saudi Arabia	1.70	Mar/19	3.6	24.2 : -20.7	%
Canada	1.60	Jun/19	1.4	9.3 : -4.1	%
Australia	1.40	Jun/19	1.7	9 : -3.4	%
France	1.40	Jun/19	1.3	12.6 : -3.8	%
Euro Area	1.20	Jun/19	1.3	5 : -5.5	%
United Kingdom	1.20	Jun/19	1.8	9.7 : -6.1	%
Brazil	1.00	Jun/19	0.5	10.1 : -5.5	%
Japan	1.00	Jun/19	1	9.4 : -8.8	%
Russia	0.90	Jun/19	0.5	12.1 : -11.2	%
South Africa	0.90	Jun/19	0	7.1 : -2.6	%
Argentina	0.60	Jun/19	-5.8	16.2 : -16.3	%
Germany	0.40	Jun/19	0.9	7.2 : -6.9	%
Switzerland	0.20	Jun/19	1	5.8 : -3.7	%
Singapore	0.10	Jun/19	1.1	18.6 : -7.7	%
Italy	-0.10	Jun/19	-0.1	10.3 : -7.2	%
Mexico	-0.80	Jun/19	1.2	9 : -9.1	%
Turkey	-1.50	Jun/19	-2.4	11.7 : -14.4	%