Ratio of military expenditure to gross domestic product (GDP) in Malta 2019. Research and Development in Malta (Government Sector) Research and Development in the Business Sector. Publish your articles and forecasts in our website. The Central Bank of Malta has published the first issue of its Quarterly Review for 2020, which analyses economic and financial developments in Malta and abroad during the third quarter of 2019. GDP per capita in Malta averaged 14842.43 USD from 1970 until 2019, reaching an all time high of 28942.89 USD in 2019 and a record low of 3746.28 USD in 1970. Line Bar Map. Real GDP (constant, inflation adjusted) of Malta reached $12,630,728,477 in 2017. 2019; Population (million) 0.4: 0.5: 0.5: 0.5: 0.5: GDP per capita (USD) 24,500: 25,556: 27,783: 30,546: 30,536: GDP per capita (EUR) 21,948: 23,044: 24,613: 26,057: 27,375: GDP (USD bn) 10.8: 11.5: 12.8: 14.5: 14.8: GDP (EUR bn) 9.7: 10.4: 11.3: 12.4: 13.3: Economic Growth (GDP, annual variation in %) 10.9: 5.8: 6.5: 7.3: 4.7: Consumption (annual variation in %) 5.0: 2.6: 3.3: 7.8: 2.9: Investment (annual … The Labour Party (PL) won the snap election in June 2017 and is likely to continue in government until 2022. Inflation remains low. $18.05 billion (2016 est.) The EC’s autumn 2019 economic forecast indicates that Malta’s real GDP growth rate for 2020 and 2021 stands at 4.2% and 3.8% respectively. Direct access to our calendar releases and historical data. Information and Communications Technology ... December 2019 … The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. Research, Development and Innovation. None. Gross Domestic Product: Q1/2020 . 1970-2019 Data | 2020-2021 Forecast | Historical | Chart | News. Malta’s economic growth in the next two years is forecast to be the highest in the EU, the European Commission has said. GDP (purchasing power parity): $19.26 billion (2017 est.) In brief. It is classified as an advanced economy by the International Monetary Fund and is considered a high-income country by the World Bank and an innovation-driven economy by the World Economic Forum. NR091/2020. This statistic shows the share of economic sectors in gross domestic product (GDP) in Malta from 2009 to 2019. [see also: GDP country ranks ] GDP (official exchange rate): GDP growth for 2019 stands at … GDP (Nominal), GDP (PPP), GDP (Nominal) per capita, GDP (PPP) per capita, GDP Growth and rank in 2019. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor education that prevail in the country where she lives. GDP Growth Rate in 2017 was 6.42%, representing a change of 762,251,656 US$ over 2016, when Real GDP was $11,868,476,821. Data source is International Monetary Fund World Economic Outlook (October-2018). The gross domestic product (GDP) measures of national income and output for a given country's economy. NR091/2020 . country comparison to the world (CIA rank, may be based on non-current data): 152. Malta last year registered a debt of €5,695 million or 43.1% of GDP, according to official data. The share of Travel & Tourism spending or employment in the equivalent economy-wide concept in the published national income accounts or labour market statistics. GDP per capita at market prices increased year-on-year in both regions. During the first six months of the year, the Maltese economy grew by 4.7%. License : CC BY-4.0. The economy of Malta is a highly industrialised, service-based economy. Malta’s GDP increased by 4.8%, Estonia with 4.6% and Lithuania with 3.8%. NR194/2020. Business Innovation. GDP growth (annual %) - Malta. This list contains projected GDP per capita (Nominal and PPP) of top 50 Countries/Economies in current prices of year 2019 and 2020 by IMF alongside their world rank, compare to world's average, gdp growth rate and gdp. It is a member of the European Union and of the eurozone, having formally adopted the euro on 1 January 2008. GDP in Malta averaged 4.56 USD Billion from 1970 until 2019, reaching an all time high of 14.79 USD Billion in 2019 and a record low of 0.25 USD Billion in 1970. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Ratio of government expenditure to gross domestic product (GDP) in Malta 2025. Today, according to the World Travel and Tourism Council, the tourism sector in Malta accounts for 27.1% of the country’s GDP (this metric includes wider effects from investment in tourism). Gross Domestic Product: Q2/2020. Non-Financial Accounts by Institutional Sector, Quarterly Accounts for General Government, General Government Balance and Debt under the Maastricht Treaty, Expenditure of General Government Sector by Function, International Economic and Financial Transactions, The International Investment Position of Malta, Regional Labour Supply by Place of Residence and Work, Government Expenditure on Social Security Benefits, Statistics on Income and Living Conditions, Renewable Energy from Photovoltaic Panels, Producer/Input Agricultural Price Indices, Information and Communications Technology, Government Expenditure on Social Security Benifits, Continuing Vocational Training Survey (CVTS), Research and Development in Malta (Government Sector), Research and Development in the Business Sector. Part of the decline in the budget surplus is driven by continued growth in spending. NR142/2020 . The country’s economy maintained a steady growth trajectory in 2018, adding that while GDP growth was expected to persist, it would ease to 5.2% in 2019 and 4.6% in 2020. $17.16 billion (2015 est.) GDP (2019) EUR 13,208.5 million GDP per capita (2019) EUR 26,352 GDP real growth rate (2019) 4.4% Employed population (Q4 2019) 258,064 Unemployment rate (LFS Q4 2019) 3.4% Regular internet users (% population, 2019) 85.8% International airport Luqa Seaports Marsaxlokk (Malta Freeport), Valletta Membership in International Tourism Organisations Though Malta contribution of travel and tourism to GDP (% of GDP) fluctuated substantially in recent years, it tended to increase through 2001 - 2020 period ending at 12.6 % in 2020. Science, technology and digital society . surplus is expected to decline from 3.5 % of GDP in 2017 to 1.2 % of GDP in 2019. The public debt target of 60% of GDP has been surpassed and stands at around 47% and is projected to continue to reduce to 43.8% in 2019. note: data are in 2017 dollars. Malta’s gaming sector was the fourth-largest contributor to the local economy in 2019, although those contributions will likely take a step back in 2020 due to the COVID-19 pandemic. #Malta will be the fastest growing economy in #Europe in 2019 and 2020, according to @EU_Commission Winter Forecast. In 2019, GDP at market prices in the regions of Malta, and Gozo and Comino was estimated at €12,858.0 and €586.2 million, respectively, corresponding to 95.5 and 4.4% of national GDP at market prices. NR194/2020 . As for the whole Euro zone, the GDP increased by 1.2%, when compared with the same period of the previous year. Gross Domestic Product: Q3/2020. The Review notes that the pace of growth of economic activity decelerated somewhat in the third quarter of 2019, with real gross domestic product (GDP) […] On a quarter to quarter basis, the Euro zone GDP increased by 0.4% in the first quarter of 2019. NR142/2020. GDP growth for 2019 stands at 5%, the second highest after Ireland. Regional Gross Domestic Product. The Trading Economics Application Programming Interface (API) provides direct access to our data. The Maltese economy is one of the most dynamic in the EU, having registered a growth in GDP of 6.2% in 2018, according to the European Commission’s winter economic forecast. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Joseph Muscat stepped down as prime minister in January 2020 following allegations that members of his government and staff were involved in the … Malta’s economic freedom score is 70.2, making its economy the 36th freest in the 2021 Index. 2019 2020 2021 2022; GDP growth (%, yoy) 5,3-9,0: 4,5: 5,4: Inflation (%, yoy) 1,5: 0,8: 1,3: 1,6 Download historical data for 20 million indicators using your browser. Gross government (1) This report assesses Malta’s economy in light of the European Commission’s Annual Growth Survey published on … The 43.1% figure was roughly half the euro area average of 84.1%. Nominal (current) Gross Domestic Product (GDP) of Malta is $12,518,134,319 (USD) as of 2017. Malta Industrial Output Contraction Continues in January, Malta Jobless Rate Rises to Over 3-Year High of 4.6%, Malta Trade Gap Widens 53.4% YoY in January, Moody’s Changes Malta’s Rating Outlook to Positive, US Government Budget Deficit Widens Sharply, European Equities Close Higher, DAX Hits Fresh High, Oil Falls for 3rd Session after EIA Report. The economy grew by 6.7% in real terms in 2017 and positive results have been achieved in various sectors, including local and foreign investment, tourism and exports. The sector’s value is expected to grow annually at the rate of 4.2% to reach 32.9% of GDP by 2028. Malta’s unemployment rate, more so, continues to ameliorate year by year and at present stands at just 3.7%, while the inflation rate registers at 1.37%. Same region. Aggregates. Similar values. The Maltese economy continues to show significant growth with predictions of a fifth consecutive surplus in 2020. Malta’s economic growth momentum is expected to remain solid, the European Commission is forecasting, with gross domestic product to grow in 2019 and 2020 by 5.3% and 4.8%, respectively. The financial services, igaming and tourism sectors are expected to remain the main drivers of growth and the employment situation remains robust with more than 90% of new jobs created in the private sector. The Commission’s autumn 2019 economic forecast indicates that Malta’s real GDP growth rate for 2020 and 2021 stands at 4.2% and 3.8% respectively. Malta The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. Furthermore, the government debt-to-GDP ratio fell to 50.8% in 2017, and is expected to further diminish to 43.4% by 2019. World Bank national accounts data, and OECD National Accounts data files.