Finance minister welcomes NSO’s GDP figures

(source: Pexels/Anamul Rezwan)


Minister for Finance Edward Scicluna welcomed GDP figures by the National Statistics Office (NSO) showing that the Maltese economy expanded by 6.6% in 2018. This makes Malta one of the best performers in this regard in the European Union, according to a press statement by the government’s Department of Information (DOI).

“Malta’s economic growth for 2018 exceeded expectations since actual real GDP growth was higher than projected by the Ministry for Finance, the European Commission, the International Monetary Fund and various Credit Rating Agencies,” finance minister Mr Scicluna said during a press conference given at the Finance Ministry in Valletta.

“I am pleased to note that our country has been consistently recording historically higher economic growth rates in the last six years as this will ensure that the income of our country reaches the average income of the EU. This would ensure that Maltese and Gozitan families would indeed enjoy a higher standard of living,” the finance minister said.

Malta’s GDP was up by 6.6% in volume terms in 2018, according to figures published by the National Statistics Office (NSO). “Provisional estimates indicate that the Gross Domestic Product (GDP) for 2018 amounted to €12,320m, an increase of €1,006m or 8.9% when compared to 2017,” the NSO publication says.