FX.co ★ Malta Q1 GDP Lowest Since 2022

Malta's economy expanded by 3% in the first quarter of 2025 compared to the same period the previous year, a slight deceleration from the revised 3.1% growth recorded in the preceding quarter. This represents the slowest economic growth since Q3 2022. The deceleration was primarily due to a reduction in household consumption, which increased by only 0.8% compared to 2.5% in the fourth quarter, and a slowdown in government spending, which rose by just 0.6% versus 2.2% previously. However, there was a recovery in gross fixed capital formation, which improved to 1.1% from a decline of 0.8% earlier. On the international trade front, both exports and imports experienced slower growth; exports increased by 3.3% compared to 4.1% in the prior quarter, and imports grew by 2.8%, down from 4.9%.