Gross domestic product (GDP) in Malta
Malta: Gross domestic product (GDP) was 24.94 billion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
24.94 billion international-$ in 2021 prices
Change on year
up 6.7%
World rank
147th
of 184 countries
All-time high
24.94 billion international-$ in 2021 prices
in 2023
All-time low
904.87 million international-$ in 2021 prices
in 1965
Years of data
59
1965–2023
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 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Malta, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1965 | 904.87 million international-$ in 2021 prices | — |
| 1966 | 1.03 billion international-$ in 2021 prices | +13.6% |
| 1967 | 1.12 billion international-$ in 2021 prices | +9.1% |
| 1968 | 1.27 billion international-$ in 2021 prices | +13.3% |
| 1969 | 1.35 billion international-$ in 2021 prices | +6.5% |
| 1970 | 1.50 billion international-$ in 2021 prices | +10.6% |
| 1971 | 1.58 billion international-$ in 2021 prices | +5.5% |
| 1972 | 1.71 billion international-$ in 2021 prices | +8.5% |
| 1973 | 1.89 billion international-$ in 2021 prices | +10.0% |
| 1974 | 2.18 billion international-$ in 2021 prices | +15.4% |
| 1975 | 2.67 billion international-$ in 2021 prices | +22.7% |
| 1976 | 3.22 billion international-$ in 2021 prices | +20.7% |
| 1977 | 3.53 billion international-$ in 2021 prices | +9.5% |
| 1978 | 4.04 billion international-$ in 2021 prices | +14.5% |
| 1979 | 4.52 billion international-$ in 2021 prices | +11.8% |
| 1980 | 4.66 billion international-$ in 2021 prices | +3.3% |
| 1981 | 5.18 billion international-$ in 2021 prices | +11.1% |
| 1982 | 5.55 billion international-$ in 2021 prices | +7.0% |
| 1983 | 5.44 billion international-$ in 2021 prices | -2.0% |
| 1984 | 5.37 billion international-$ in 2021 prices | -1.2% |
| 1985 | 5.48 billion international-$ in 2021 prices | +2.0% |
| 1986 | 5.55 billion international-$ in 2021 prices | +1.3% |
| 1987 | 5.72 billion international-$ in 2021 prices | +3.0% |
| 1988 | 6.30 billion international-$ in 2021 prices | +10.1% |
| 1989 | 6.82 billion international-$ in 2021 prices | +8.3% |
| 1990 | 6.99 billion international-$ in 2021 prices | +2.5% |
| 1991 | 7.47 billion international-$ in 2021 prices | +6.8% |
| 1992 | 7.32 billion international-$ in 2021 prices | -2.0% |
| 1993 | 7.85 billion international-$ in 2021 prices | +7.3% |
| 1994 | 8.12 billion international-$ in 2021 prices | +3.4% |
| 1995 | 8.13 billion international-$ in 2021 prices | +0.2% |
| 1996 | 7.86 billion international-$ in 2021 prices | -3.3% |
| 1997 | 8.94 billion international-$ in 2021 prices | +13.7% |
| 1998 | 9.07 billion international-$ in 2021 prices | +1.5% |
| 1999 | 9.73 billion international-$ in 2021 prices | +7.3% |
| 2000 | 11.77 billion international-$ in 2021 prices | +21.0% |
| 2001 | 10.69 billion international-$ in 2021 prices | -9.1% |
| 2002 | 10.92 billion international-$ in 2021 prices | +2.1% |
| 2003 | 11.04 billion international-$ in 2021 prices | +1.1% |
| 2004 | 10.54 billion international-$ in 2021 prices | -4.5% |
| 2005 | 11.46 billion international-$ in 2021 prices | +8.7% |
| 2006 | 11.18 billion international-$ in 2021 prices | -2.5% |
| 2007 | 11.67 billion international-$ in 2021 prices | +4.4% |
| 2008 | 12.15 billion international-$ in 2021 prices | +4.1% |
| 2009 | 12.59 billion international-$ in 2021 prices | +3.6% |
| 2010 | 13.11 billion international-$ in 2021 prices | +4.1% |
| 2011 | 13.07 billion international-$ in 2021 prices | -0.3% |
| 2012 | 13.83 billion international-$ in 2021 prices | +5.8% |
| 2013 | 13.22 billion international-$ in 2021 prices | -4.4% |
| 2014 | 13.43 billion international-$ in 2021 prices | +1.6% |
| 2015 | 16.27 billion international-$ in 2021 prices | +21.1% |
| 2016 | 16.37 billion international-$ in 2021 prices | +0.6% |
| 2017 | 18.50 billion international-$ in 2021 prices | +13.0% |
| 2018 | 19.80 billion international-$ in 2021 prices | +7.0% |
| 2019 | 21.63 billion international-$ in 2021 prices | +9.3% |
| 2020 | 20.84 billion international-$ in 2021 prices | -3.6% |
| 2021 | 24.21 billion international-$ in 2021 prices | +16.1% |
| 2022 | 23.37 billion international-$ in 2021 prices | -3.5% |
| 2023 | 24.94 billion international-$ in 2021 prices | +6.7% |
Malta compared with similar countries
- Malta's 24.94 billion international-$ in 2021 prices is below the median for high income countries, which is 277.84 billion international-$ in 2021 prices, 9% of the median. (66 countries reporting)
- Malta's 24.94 billion international-$ in 2021 prices is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 266.11 billion international-$ in 2021 prices, 9% of the median. (21 countries reporting)
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
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.35 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.51 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 36.46 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 1.46 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 64,096 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 42.59 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 73.1 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 1.7 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 74,864 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 8.88 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Malta?
- Gross domestic product (gdp) in Malta was 24.94 billion international-$ 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 countries 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.
Download this data
CSV · JSON — 59 observations, free to reuse under CC BY 4.0 (Our World in Data).
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.