Malta GDP Annual Growth Rate

Last Release

Dec 31, 2024

Actual

2.8

Units In

4.9

Frequency

Quarterly

Next Release

May 29, 2025

Time to Release

2 Months 28 Days 12 Hours

Highest	Lowest	Average	Date Range	Source
14.9 Jun 2021	-15 Jun 2020	3.83 %	2001-2024	N/A

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.

Latest Updates

Malta's economy grew by 2.8% year-on-year in the fourth quarter of 2024, slowing from a 4.9% gain in the previous three-month period. This marked the weakest expansion since Q1 of 2021, as household consumption (2% vs 2.1%) edged lower. In addition, gross fixed capital formation (-1.9% vs 1.3%) slipped. Meanwhile, government spending (2.2% vs 1.4%) increased at a faster pace. On net external demand, exports remained unchanged (4.8%) while imports ticked lower (4.4% vs 4.7%).