Malta's GDP changed from approximately $3B 380M in 1995 to $22B 737M in 2024, showing an overall 572.7% sharply increased during the period.
The lowest GDP was recorded in 1995 at $3B 380M, and the highest in 2024 at $22B 737M.
Over the 29-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 6.8%.
For comparison, the average annual growth rate of Italy was 3.7%, and that of Greece was 3.4%.
Malta GDP from 1995 to 2024
The total market value of goods and services produced annually in Malta.
Overview of Malta's GDP (1995–2024)
The Gross Domestic Product (GDP) of Malta recorded a 572.7% sharply increased from 1995 to 2024.
The average GDP during this period was $9B 818M, and the median was $9B 85M.
GDP fluctuated within a range of $19B 357M, with a standard deviation of $5B 581M.
The average annual change was $611M 711K.
Highest and Lowest GDP Records
- Lowest GDP: 1995, $3B 380M
- Highest GDP: 2024, $22B 737M
- Most Recent GDP: 2024, $22B 737M
Notable Annual GDP Changes
- 2021: Significant increase in GDP
- 2020: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Malta's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $16B 6M → $15B 238M
- Outcome: declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $7B 989M → $8B 721M
- Outcome: increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $4B 75M → $4B 89M
- Outcome: remained stable
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $3B 489M → $3B 697M
- Outcome: increased
Key Economic Indicators of Malta (1995–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 0 | $ 0 | $ 5,853.25 | $ 1B 845M | 0 % | 0 % | 49.20 % | 0 % | 315,000 people |
1981 | $ 0 | $ 0 | $ 6,522.80 | $ 2B 73M | 0 % | 0 % | 56.18 % | 0 % | 318,000 people |
1982 | $ 0 | $ 0 | $ 6,891.45 | $ 2B 205M | 0 % | 0 % | 53.16 % | 0 % | 320,000 people |
1983 | $ 0 | $ 0 | $ 7,083.52 | $ 2B 351M | 0 % | 0 % | 47.23 % | 0 % | 332,000 people |
1984 | $ 0 | $ 0 | $ 7,457.90 | $ 2B 455M | 0 % | 0 % | 47.85 % | 0 % | 329,000 people |
1985 | $ 0 | $ 0 | $ 7,811.75 | $ 2B 593M | 0 % | 0 % | 41.21 % | 0 % | 332,000 people |
1986 | $ 0 | $ 0 | $ 8,055.65 | $ 2B 746M | 0 % | 0 % | 41.52 % | 0 % | 341,000 people |
1987 | $ 0 | $ 0 | $ 8,664.15 | $ 2B 975M | 0 % | 0 % | 45.54 % | 0 % | 343,000 people |
1988 | $ 0 | $ 0 | $ 9,515.83 | $ 3B 289M | 0 % | 0 % | 50.80 % | 0 % | 346,000 people |
1989 | $ 0 | $ 0 | $ 10,489.19 | $ 3B 661M | 0 % | 0 % | 45.55 % | 0 % | 349,000 people |
1990 | $ 0 | $ 0 | $ 11,277.89 | $ 3B 975M | 0 % | 0 % | 48.58 % | 0 % | 352,000 people |
1991 | $ 0 | $ 0 | $ 12,024.77 | $ 4B 352M | 0 % | 0 % | 48.69 % | 0 % | 362,000 people |
1992 | $ 0 | $ 0 | $ 13,151.68 | $ 4B 811M | 0 % | 0 % | 44.11 % | 0 % | 366,000 people |
1993 | $ 0 | $ 0 | $ 13,854.58 | $ 5B 119M | 0 % | 0 % | 40.81 % | 0 % | 369,000 people |
1994 | $ 0 | $ 0 | $ 14,654.91 | $ 5B 469M | 0 % | 0 % | 39.88 % | 0 % | 373,000 people |
1995 | $ 3B 380M | $ 8,978.86 | $ 15,850.74 | $ 5B 967M | 0 % | -4.85 % | 31.38 % | 0 % | 376,000 people |
1996 | $ 3B 446M | $ 9,107.64 | $ 16,698.95 | $ 6B 319M | 0 % | -5.252 % | 25.11 % | 0 % | 378,000 people |
1997 | $ 3B 489M | $ 9,147.98 | $ 17,669.95 | $ 6B 739M | 0 % | -2.736 % | 29.69 % | 0 % | 381,000 people |
1998 | $ 3B 697M | $ 9,621.95 | $ 18,343.01 | $ 7B 47M | 0 % | -2.664 % | 27.08 % | 0 % | 384,000 people |
1999 | $ 3B 858M | $ 9,983.88 | $ 19,194.02 | $ 7B 417M | 0 % | -1.506 % | 31.38 % | 0 % | 386,000 people |