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Malta: 2024 Article IV Consultation-Press Release; and Staff Report

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  • International Monetary Fund

Abstract

Malta has experienced strong growth over the past decade, primarily driven by export-oriented service industries, such as tourism and online gaming. Although growth is expected to moderate, it will remain among Europe’s highest in the near term, along with tight labor markets. Inflation has fallen to around 2 percent, but some inflationary pressures remain in the service sector. Strong growth has been supported by an influx of foreign workers and tourists, leading to increased density and strain on infrastructure and public services. This has raised concerns about the sustainability of the labor-intensive growth model. The financial system has demonstrated resilience amid successive shocks.

Suggested Citation

  • International Monetary Fund, 2025. "Malta: 2024 Article IV Consultation-Press Release; and Staff Report," IMF Staff Country Reports 2025/017, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2025/017
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