Malta GDP Per Capita 2024

[ Nominal GDP Per Capita in USD ]

Year -

$43,898.58

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.

Latest GDP Per Capita of Malta 2024 – Nominal vs PPP

MetricNominal GDP (Current USD)GDP (PPP, Int$)
Latest Year20242024
Latest GDP Per Capita$ 43,898.58 dollars$ 69,863.75 Int dollars
Growth (YoY)7.316%4.185%
Net Change vs Previous Year$ 2,992.77 dollars$ 2,806.53 Int dollars
% of World GDP Per Capita39.55%34.99%
MeaningNominal GDP Per Capita (Current USD, exchange-rate based)GDP (PPP, cost-of-living adjusted)
Malta GDP | Malta GDP Growth

Malta Annual GDP Per Capita From 1960 to 2024

Source: Worldbank Nominal PPP

NominalPPP
YearDollar $Net Chg $% ChgInt $Net Chg $% Chg
1960------
1961------
1962------
1963------
1964------
1965------
1966------
1967------
1968------
1969------
1970828.44-----
1971874.0645.625.506 %---
1972975.72101.6611.631 %---
19731143.67167.9517.213 %---
19741245.32101.658.888 %---
19751560.11314.7925.278 %---
19761726.56166.4510.669 %---
19772037.86311.318.03 %---
19782558.73520.8725.56 %---
19793195.51636.7824.887 %---
19803948.27752.7523.557 %---
19813898.37-49.9-1.264 %---
19823787.92-110.45-2.833 %---
19833526.91-261-6.89 %---
19843332.82-194.09-5.503 %---
19853322.31-10.51-0.315 %---
19864194.53872.2326.254 %---
19875083.8889.2721.201 %---
19885814.45730.6514.372 %---
19896040.84226.393.894 %---
19907192.391151.5519.063 %10085.52--
19917558.76366.375.094 %10784.33698.816.929 %
19928220.33661.578.752 %11428.99644.665.978 %
19937296.35-923.98-11.24 %12102.66673.675.894 %
19948000.35703.999.649 %12938.04835.386.902 %
19959828.321827.9822.849 %13949.521011.487.818 %
199610061.85233.532.376 %14661.03711.515.101 %
19979893.19-168.66-1.676 %15465.2804.165.485 %
199810408.12514.935.205 %16219753.84.874 %
199910609.11200.991.931 %16898.34679.354.189 %
200010348.49-260.62-2.457 %18214.481316.147.789 %
200110357.79.220.089 %18435.06220.581.211 %
200211251.2893.58.626 %19531.961096.95.95 %
200313593.982342.7820.822 %20812.781280.816.558 %
200415212.131618.1511.903 %21565.77752.993.618 %
200515831.34619.214.071 %22227.38661.613.068 %
200616653.6822.265.194 %23219.01991.644.461 %
200719444.172790.5716.757 %25011.661792.647.721 %
200822315.312871.1414.766 %26653.861642.216.566 %
200921176.32-1138.99-5.104 %26781.91128.050.48 %
201021946.61770.293.637 %28909.192127.297.943 %
201123516.971570.367.155 %29425.91516.711.787 %
201222878.31-638.66-2.716 %30716.281290.384.385 %
201325415.562537.2411.09 %33138.042421.757.884 %
201427424.582009.027.905 %35205.72067.666.24 %
201525529.68-1894.9-6.909 %38368.731638.984 %
201626459.08929.43.64 %40999.962631.266.858 %
201730317.243858.1714.582 %45763.734763.7711.619 %
201833382.273065.0210.11 %48178.292414.565.276 %
201932421.92-960.35-2.877 %51392.823214.526.672 %
202031823.44-598.48-1.846 %49971.88-1420.94-2.765 %
202138096.846273.419.713 %56852.326880.4413.769 %
202235638.89-2457.95-6.452 %60588.893736.576.572 %
202340905.815266.9214.779 %67057.226468.3310.676 %
202443898.582992.777.316 %69863.752806.534.185 %

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%.