Malta | 5-Minute Economist

Country rank: 8

CURRENT ECONOMIC PERFORMANCE

MALTA
2016 EPI score

98%


F (Very Poor)	D (Poor)	C (Fair)	B (Good)	A (Excellent)	A+ (Superior)
<60	60-80	80-90	90-95	95-100	>100

Malta: small, open, and exposed to shocks

Malta’s economic performance has been excellent, with the EPI score projected to be 95.1%, or an A- level, in 2015.

The Maltese economy is characterized by a high degree of openness to trade and financial flows and has enjoyed one of the fastest rates of GDP growth within the Eurozone. Growth is mainly based on internal factors and Malta’s external sector performance has been largely unimpressive, reflecting euro zone weakness and a steady erosion of the country’s export competitiveness.

The 5-Minute Economist projects Malta’s EPI score to stay slightly below 95%, or a B+ level, until 2020.

ECONOMIC PERFORMANCE HISTORY

EPI COMPONENTS PERFORMANCE HISTORY

Inflation

Unemployment

Budget deficit

GDP Growth

EPI DATA FOR MALTA

Year	Inflation Rate (%)	Unemployment Rate (%)	Budget Deficit as a Percent of GDP (%)	Change in Real GDP (%)	Raw EPI Score (%)	Change From Previous Year	Raw EPI performance
2000	3.0	6.8	5.8	n/a	N/A	N/A	N/A
2001	2.5	7.6	6.5	0.6	84.0	N/A	C
2002	2.6	7.4	5.7	2.9	87.2	3.2	C
2003	1.9	7.7	9.1	2.5	83.7	-3.5	C
2004	2.7	7.2	4.4	0.5	86.1	2.4	C
2005	2.5	6.9	2.7	3.8	91.7	5.5	B
2006	2.6	6.8	2.6	1.9	89.9	-1.8	C+
2007	0.7	6.5	2.3	4.0	94.5	4.7	B+
2008	4.7	6.0	4.2	3.3	88.5	-6.0	C+
2009	1.8	6.9	3.3	-2.4	85.6	-2.9	C
2010	2.0	6.9	3.2	3.5	91.4	5.9	B
2011	2.5	6.4	2.5	1.4	89.9	-1.5	C+
2012	3.2	6.3	3.7	2.8	89.6	-0.4	C+
2013	1.0	6.4	2.6	4.3	94.4	4.8	B+
2014	0.8	5.8	2.0	8.3	99.8	5.4	A+
2015	1.2	5.4	1.4	7.4	99.4	-0.3	A+
2016	0.9	4.8	0.7	5.0	98.6	-0.8	A
2017*	1.5	4.7	0.6	4.1	97.3	-1.3	A
2018*	1.6	4.7	0.6	3.5	96.6	-0.7	A
2019*	1.8	4.8	0.6	3.2	96.1	-0.5	A
2020*	1.8	4.9	0.6	3.1	95.8	-0.2	A-
2021*	1.8	4.9	0.6	3.0	95.8	-0.1	A-
2022*	1.8	4.9	0.6	3.0	95.8	0.0	A-