ARTICLE · 27 JUNE 2025

EU Commission's Economic Forecast For Malta: Growth Expected

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The European Commission's latest macroeconomic forecast for Malta's economy projects to maintain strong growth through 2025 and 2026, following a robust 6.0% increase in GDP in 2024.

MaltaStrategy

The European Commission's latest macroeconomic forecast for Malta's economy projects to maintain strong growth through 2025 and 2026, following a robust 6.0% increase in GDP in 2024. Growth rates are expected to moderate but remain healthy, with forecasts of 4.1% in 2025 and 4.0% in 2026. This positive outlook is underpinned by strong domestic demand and favourable net exports, particularly from the tourism and services sectors.

Growth Drivers

The surge in GDP in 2024 was fuelled by both private and public consumption, as well as a positive contribution from net exports. Tourism and financial services played a significant role, with tourist spending rising by 23.1% compared to 2023, surpassing pre-pandemic levels. Other service sectors, such as recreation, IT, and professional services, also contributed to growth. Investment rebounded by 2.4% in 2024 and is expected to continue growing.

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