Gross domestic product (GDP) in Malta
Malta: Gross domestic product (GDP) was 24.94 billion international-$ in 2021 prices in 2023. ◆ Volatile
Gross domestic product (GDP) in Malta, 1965–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
In 2023, gross domestic product (gdp) in Malta stood at 24.94 billion international-$ in 2021 prices. That is the highest value across all 59 years on record.
That represents a change of up 6.7% on the previous year and up 88.6% over ten years.
Over the whole period, gross domestic product (gdp) in Malta peaked at 24.94 billion international-$ in 2021 prices in 2023 and was at its lowest, 904.87 million international-$ in 2021 prices, in 1965.
Malta ranks 147th of 184 regions on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.14 billion international-$ in 2021 prices | 904.87 million international-$ in 2021 prices | 1.35 billion international-$ in 2021 prices | 5 |
| 1970s | 2.68 billion international-$ in 2021 prices | 1.50 billion international-$ in 2021 prices | 4.52 billion international-$ in 2021 prices | 10 |
| 1980s | 5.61 billion international-$ in 2021 prices | 4.66 billion international-$ in 2021 prices | 6.82 billion international-$ in 2021 prices | 10 |
| 1990s | 8.15 billion international-$ in 2021 prices | 6.99 billion international-$ in 2021 prices | 9.73 billion international-$ in 2021 prices | 10 |
| 2000s | 11.40 billion international-$ in 2021 prices | 10.54 billion international-$ in 2021 prices | 12.59 billion international-$ in 2021 prices | 10 |
| 2010s | 15.92 billion international-$ in 2021 prices | 13.07 billion international-$ in 2021 prices | 21.63 billion international-$ in 2021 prices | 10 |
| 2020s | 23.34 billion international-$ in 2021 prices | 20.84 billion international-$ in 2021 prices | 24.94 billion international-$ in 2021 prices | 4 |
Countries ranked near Malta
- 144 Jamaica 26.85 billion international-$ in 2021 prices compare
- 145 Togo 25.83 billion international-$ in 2021 prices compare
- 146 Somalia 25.53 billion international-$ in 2021 prices compare
- 148 Iceland 24.49 billion international-$ in 2021 prices compare
- 149 Sierra Leone 24.07 billion international-$ in 2021 prices compare
- 150 Montenegro 16.68 billion international-$ in 2021 prices compare
More economy & growth data for Malta
- External balance on goods and services as a percent of GDP 19.2% (2025)
- Inflation of consumer prices 2.4% (2025)
- GDP per capita 35,197 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 5.3% (2025)
- Gross domestic product (GDP) 20.40 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 35,197 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Taxes less subsidies on products 2.00 billion current LCU (2025)
- Taxes less subsidies on products 2.26 billion current US$ (2025)
- Net primary income (Net income from abroad) -2.49 billion current LCU (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Malta?
- Gross domestic product (gdp) in Malta was 24.94 billion international-$ in 2021 prices in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Malta?
- The highest recorded value was 24.94 billion international-$ in 2021 prices in 2023.
- What is the lowest gross domestic product (gdp) recorded in Malta?
- The lowest recorded value was 904.87 million international-$ in 2021 prices in 1965.
- How does Malta rank for gross domestic product (gdp)?
- Malta ranks 147th out of 184 regions with data for 2023.
- Is gross domestic product (gdp) rising or falling in Malta?
- Over the last ten years it is up 88.6%. The long-run trend across the full record is volatile.
- Where does this Malta data come from?
- The figures come from Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.