The unemployment rate in Malta dropped to 2.9 percent in the third quarter of 2022 from the downwardly revised 3.3 percent in the corresponding period of the previous year. The number of unemployed fell by 742 individuals to 8,566, while the number of employed rose by 13,709 to 284,571. Meanwhile, the inactive population dropped to 35.3% of the total population from 36.7% in the prior year. source: National Statistics Office, Malta
Unemployment Rate in Malta averaged 5.78 percent from 2001 until 2022, reaching an all time high of 8.24 percent in the third quarter of 2003 and a record low of 2.90 percent in the second quarter of 2022. This page provides the latest reported value for - Malta Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Malta Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.
Unemployment Rate in Malta is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malta Unemployment Rate is projected to trend around 3.00 percent in 2023 and 3.20 percent in 2024, according to our econometric models.