The Maltese economy grew by 4.7 per cent during the first half
of this year, sustaining the growth momentum recorded in the last
five years; nominal GDP grew by 7.3 per cent.
Growth in the first half of 2019 reflected a 5.4 per cent growth
in the first quarter and a 4.0 per cent growth in the second
quarter.
The year-on-year economic growth rate for the first half of 2019
continued to be more than three times the average growth rate of
1.4 per cent recorded in the EU. The Euro Area grew by 1.1 per cent
during the same period.
"The coming Budget will ensure that this growth is
sustained so that it continues to be enjoyed by Maltese and Gozitan
families through a higher standard of living and a better quality
of life", said Minister for Finance Edward Scicluna.
