June 1, 2025
Malta’s economy is estimated to have grown by 3 per cent in real terms during the first quarter of 2025, according to provisional figures published on Thursday by the National Statistics Office (NSO). This growth appears to have been supported by strong domestic demand and a positive contribution from foreign trade.
Malta’s Economy Grows 3% in Q1 2025, Driven by Domestic Demand and Trade
According to the NSO, the Gross Domestic Product (GDP) reached approximately €5.5 billion, representing an increase of around €283.5 million or 5.4 per cent in nominal terms compared to the same period in 2024.
 
The NSO estimates that domestic demand contributed 2.5 percentage points to the overall growth rate, while foreign trade accounted for a further 0.5 percentage points.
 
In terms of prices, the GDP deflator, which measures the change in prices of goods and services produced in the economy increased by 2.4 per cent over the first quarter of 2024. This represents a slight decline from the 2.9 per cent recorded in the final quarter of 2024, possibly indicating a modest easing of inflationary pressures.
 
These provisional data suggest that Malta’s economy may be continuing to show resilience and stable growth early in 2025, although figures are subject to revision as more information becomes available.