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%.
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.
Malta GDP from 1995 to 2024
The total market value of goods and services produced annually in Malta.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 |
