Malta GDP Annual Growth Rate

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.

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Calendar	GMT		Actual	Previous	TEForecast
2018-09-06	09:00 AM	GDP Growth Rate YoY Q2	5.9%	4.9%	4%
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		4.9%	5.2%
2019-12-06	10:00 AM	GDP Growth Rate YoY Q3			4.5%

Malta GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	0.50	2.90	4.40	-3.00	percent	[+]
GDP Annual Growth Rate	4.90	7.60	11.10	-3.70	percent	[+]
GDP	14.54	12.75	14.54	0.25	USD Billion	[+]
GDP Constant Prices	2479809.00	2692019.00	2848425.00	1181627.00	EUR THO	[+]
Gross National Product	2802669.45	2868845.89	2966975.56	894723.89	EUR THO	[+]
Gross Fixed Capital Formation	519627.00	544850.00	562076.00	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 July of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	4.90	7.60	11.10	-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	%
India	5.80	Mar/19	6.6	11.4 : -5.2	%
Indonesia	5.07	Mar/19	5.18	7.16 : 1.56	%
United States	3.20	Mar/19	3	13.4 : -3.9	%
Spain	2.40	Mar/19	2.3	5.6 : -4.3	%
Australia	1.80	Mar/19	2.3	8.3 : -3.5	%
United Kingdom	1.80	Mar/19	1.4	9.7 : -6.1	%
Netherlands	1.70	Mar/19	2.2	6.1 : -4.6	%
Saudi Arabia	1.70	Mar/19	3.6	24.2 : -20.7	%
South Korea	1.70	Mar/19	2.9	20.8 : -7.3	%
Switzerland	1.70	Mar/19	1.5	5.8 : -3.7	%
Canada	1.30	Mar/19	1.6	9.3 : -4.1	%
Euro Area	1.20	Mar/19	1.2	5 : -5.5	%
France	1.20	Mar/19	1.2	12.6 : -3.8	%
Mexico	1.20	Mar/19	1.7	9 : -9.1	%
Japan	0.90	Mar/19	0.3	9.4 : -8.8	%
Germany	0.70	Mar/19	0.6	7.2 : -6.8	%
Brazil	0.50	Mar/19	1.1	10.1 : -5.5	%
Russia	0.50	Mar/19	2.7	12.1 : -11.2	%
Singapore	0.10	Jun/19	1.1	18.6 : -7.7	%
South Africa	0.00	Mar/19	1.1	7.1 : -2.6	%
Italy	-0.10	Mar/19	0	10.3 : -7.2	%
Turkey	-2.60	Mar/19	-3	11.7 : -14.4	%
Argentina	-5.80	Mar/19	-6.2	16.2 : -16.3	%