VALLETTA (MALTA) (ITALPRESS/MNA) – Malta’s Gross Domestic Product rose to €6.345 billion in the third quarter of 2025, a 5.7% increase in nominal terms compared to a year earlier, according to new figures from the National Statistics Office. Growth in volume terms reached 3.0%, with a 2.6% rise in the GDP deflator indicating that price effects remain a key component of overall expansion.
The latest data point to a cooling in momentum. Gross value added contributed 2.1 percentage points to growth, down sharply from 4.4 points in the first quarter. Domestic demand added 1.6 points, while net exports contributed 1.5 points, signalling a shift toward foreign trade as the primary engine of expansion.
Service activities continued to dominate Malta’s economic structure, contributing 2.4 percentage points to GVA growth. Accommodation and food services posted a standout 12.4% increase, with trade and administrative support services also expanding. Industry provided a marginal boost, while agriculture and fishing detracted from growth.
Household consumption rose 3.2% and government spending increased 0.8%, but investment weakened. Gross fixed capital formation fell 1.4% in volume terms, with inventory accumulation offsetting declines in fixed assets.
Exports grew 3.9% and imports 3.1%, resulting in a positive net trade contribution—the reverse of recent quarters when domestic demand played a larger role.
On the income side, nominal GDP increased by €343.4 million, driven mainly by employee compensation and corporate operating surplus. Gross National Income reached €5.743 billion, underscoring a continued gap with GDP due to income flows to non-residents.
– Photo IPA Agency –
(ITALPRESS).
