The Maltese economy maintains its growth momentum on the back of strong domestic demand and export performance.
“Tourism arrivals to Malta continue to grow, while the strong employment and recovering real wages are supporting consumption,” the European Commission said.
The Commission noted that after achieving 5.0% GDP growth in 2024, the Maltese economy is set to continue expanding at 4.3% in 2025 and 2026. The government deficit is set to decline to 4.0% of GDP in 2024 and is expected to decrease further in 2025 and 2026, remaining above 3% over the forecast horizon.
An economic growth forecast of 4.3% for 2025 puts Malta at the top of the ranking in the EU. Ireland registers the second highest growth forecast with 4%, followed by Poland (3.6%), Croatia (3.3%), and Lithuania (3%).
Italy (1%), Austria (1%), France (0.8%), and Germany (0.7%) are at the bottom of the rankings.
