Source: world bank Nominal/PPP
Summary:
Malta GDP Per Capita expanded from 1970 to 2024, increasing from $828.44 to $43,898.58 .The compound annual growth rate (CAGR) averaged 7.63% over the period. The economy recorded its peak level in 2024 and its lowest level in 1970. Growth volatility remained high. The maximum drawdown reached 15.85%, indicating the largest cyclical decline from peak levels. The country experienced 9 recession episode(s) during the observed period.
Malta Economic Phases (1970 - 2024)
From 1970 to 2024, Malta economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1971–1980) indicating robust economic expansion
- Contraction (1981–1985) indicating temporary slowdown
- High Growth (1986–1988) indicating robust economic expansion
- High Growth (1990–1992) indicating robust economic expansion
- High Growth (1994–1995) indicating robust economic expansion
- High Growth (2002–2004) indicating robust economic expansion
- High Growth (2006–2008) indicating robust economic expansion
- High Growth (2013–2014) indicating robust economic expansion
- High Growth (2017–2018) indicating robust economic expansion
- Contraction (2019–2020) indicating temporary slowdown
- High Growth (2023–2024) indicating robust economic expansion
The most remarkable growth occurred in 1986 with an increase of 26.254%, while the largest decline was in 1993 at -11.24%.