Malta's economic growth slowed to 4.9 percent year-on-year in the first quarter of 2019, the weakest rate since the third quarter of 2016, from an upwardly revised 7.6 percent in the previous three-month period. Household expenditure increased 3.9 percent, fixed investment advanced 31.8 percent and government spending rose 24.2 percent. By contrast, net external demand contributed negatively to the GDP, as imports jumped 6 percent and exports rose at much slower 0.9 percent. GDP Annual Growth Rate in Malta averaged 3.79 percent from 2001 until 2019, reaching an all time high of 11.10 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 5.30 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 3.10 in 12 months time. In the long-term, the Malta GDP Annual Growth Rate is projected to trend around 3.20 percent in 2020, according to our econometric models.