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Malta GDP Annual Growth Rate

Malta's GDP annual growth rate fell to 5.97% in 2024, down from 6.8% in 2023, according to World Bank. This represents a decrease of 0.83% from the previous year. Malta has GDP annual growth rate higher than the global median (5.97% vs median 3.24%). Compared with the median in Europe, Malta is higher (5.97% vs regional median 2.10%) and ranks 2nd out of 47 countries in Europe.

Malta's real GDP rose to $19.22 billion in 2024, up from $18.14 billion in 2023.

Yearly Historical Data (1971-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 5.97%
2023 6.8%
2022 4.27%
2021 13.3%
2020 -3.36%
2019 4.08%
2018 7.19%
2017 12.97%
2016 4.08%
2015 9.62%
2014 7.63%
2013 6.29%
2012 4.1%
2011 0.99%
2010 6.2%
2009 -1.4%
2008 4.41%
2007 5.04%
2006 2.34%
2005 2.88%
2004 0.41%
2003 3.69%
2002 2.74%
2001 -0.76%
2000 19.68%
1999 4.72%
1998 5.13%
1997 5.26%
1996 3.78%
1995 6.34%
1994 5.65%
1993 4.48%
1992 4.69%
1991 6.26%
1990 6.29%
1989 8.18%
1988 8.41%
1987 4.11%
1986 3.89%
1985 2.59%
1984 0.94%
1983 -0.61%
1982 2.28%
1981 3.31%
1980 7.05%
1979 10.49%
1978 11.16%
1977 12.18%
1976 17.02%
1975 19.56%
1974 10.04%
1973 4.15%
1972 5.84%
1971 2.45%
Malta GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Malta's total economic output.
Indicator Last Value Prior Value Period
GDP $24.32B $22.21B 2024
GDP per Capita $33,467.46 $32,816.33 2024
GDP per Capita PPP $60,469.78 $59,293.3 2024
R&D Expenditure (% GDP) 0.6% 0.65% 2022
Real GDP $19.22B $18.14B 2024