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Malta's GDP up by 7.5 per cent

MEDIA ROOM

December 10, 2018

Malta’s GDP went up by 7.5 per cent or €281 million in the third quarter of 2018, according to the National Statistics Office (NSO).

During the third quarter of 2018, Gross Value Added (GVA) increased by €218.4 million when compared to the same quarter last year, the net result of output valued at basic prices less intermediate consumption valued at purchasers’ prices.

During the third quarter of 2018, GDP growth was mainly attributable to domestic demand and external demand. Total final consumption expenditure increased by 8.1 per cent in nominal terms and 6.5 per cent in real terms. This was the result of an increase in household expenditure of 9.1 per cent in nominal terms and 8.4 per cent in real terms, and an increase in government expenditure of 5.9 per cent in nominal terms and 1.9 per cent in real terms.

Compared to the third quarter of 2017, GDP at current prices went up by €281 million, and is estimated to have been distributed into a €64.5 million increase in compensation of employees (COE), a €162.9 million increase in gross operating surplus (GOS) of enterprises and a €53.5 million increase in net taxation on production and imports.

Source: maltachamber.org.mt