The Dispatch

Jobsplus data shows 10,000 jobs created in January

In January 2022, registered full-time employment increased by 4.6 per cent while part-time employment as a primary job increased by 6.0 per cent when compared to the corresponding month in…

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Malta: Unemployment rate down to 3.1%

The unemployment rate for April 2022 stood at 3.1 per cent, the NSO reported today, therefore declining by 0.1 percentage points when compared with the previous month and by 0.3…

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Malta: Services push GDP up by almost 7% in first quarter

During the first quarter of 2022, Malta's GDP rose by 10.8 per cent in nominal terms and 6.9 per cent in volume terms, when compared to the corresponding quarter of…

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Malta’s finances €388 million in the red after four months

By the end of April 2022, Government has already accumulated a deficit exceeding 388 million euro, data released by the NSO has shown. In the first four months of 2022,…

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Malta: Unemployment levels drop below 1,000

In April, the number of persons registering for work stood at 963 decreasing by 1,285 when compared to the corresponding month in 2021, the NSO said today. Data provided by…

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Malta: Early school leavers drop by a half over a decade

The share of 'early school leavers,’ a term that refers to early leavers from education and training (aged 18-24), has steadily decreased in the EU over the last 10 years,…

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Malta: Domestic demand fuel economic growth, exports’ contribution marginal – CBM

Domestic demand was the main driver behind GDP growth during the last three months of 2021, the CBM has found. In its quarterly review, it said that the contribution of…

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Malta: Food prices drive inflation levels above 5%

In April 2022, the annual rate of inflation as measured by the HICP edged up further, reaching 5.4%, up from 4.5% March, the NSO said. As a result, the 12-month…

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Malta: French, German and Italian tourists push tourism upwards in March

Total inbound tourists for March 2022 were estimated at 110,938, while total nights spent amounted to 739,194, the NSO said today, signalling the best March in three years. During the…

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Unemployment: Jobless rate stable at 3% in March

The unemployment rate for March 2022 stood at 3.0 per cent, declining by 0.1 percentage points when compared with the previous month and by 0.8 percentage points from March 2021.…

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33% of Maltese households cant afford one-week annual holidays

33.1 per cent of the surveyed population stated that their household could not afford to pay for a one-week annual holiday away from home. Furthermore, 15.7 per cent declared that…

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Malta: Government deficit reaches 8% in 2021

In 2021, the General Government registered a deficit of €1,161.7 million, equivalent to 8.0 per cent of GDP. The General Government debt amounted to €8,284.4 million or 57.0 per cent…

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Malta registers increase in FDI in 2021

As at the end of 2021, the Maltese economy recorded a net international investment position of €7.7 billion, the NSO reported today. When compared to the figures recorded at the…

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More than 1m people travel between Malta and Gozo in first three months of 2022

During the first quarter of 2022, sea transport between Malta and Gozo registered increases in trips, passengers and vehicles when compared to the corresponding quarter of 2021, the NSO said…

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Malta: Slight increase in property sales in first three months of 2022, but promises of sale collapse

In the first quarter of 2022, 3,373 final deeds of sale were registered, an annual increase of 2.9 per cent, the NSO said today. The value of the deeds registered…

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Malta: Significant drop in unemployment in pre-election month

In February, the number of persons registering for work stood at 1,125, the NSO said today. This figure means that persons looking for work decreased by 1,460 when compared to…

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Malta: Government ends 2021 with €1.24bn deficit

The public purse has ended the year 2021 with a deficit of 1.24 billion euro, the NSO reported today. Compared to the same period in 2020, there was a decrease…

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Malta: Unemployment stable in February

Unemployment remained stable in February, at 3.1%, on par with January. This figure reflects some 8,874 persons looking for work, the NSO said today. Young people continue to constitute a…

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Malta: Deficit narrows as pandemic assistance is scaled back

Malta's deficit narrowed in the first two months of the year, as assistance related to the pandemic was scaled back. The difference between total revenue and expenditure resulted in a…

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Malta: Food inflation hits 8.4% in February

Inflation continued to edge up in February, moving to 4.2% up from 4.1 per cent in January 2022. A monthly comparison of inflationary components shows that the largest upward impact…

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NSO estimates average Malta monthly salary at €1,613

The average monthly basic salary of employees by the end of 2021 was estimated at €1,613, the NSO said today. The average basic salary was recorded in the Financial and…

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Malta: Unemployment down to 8,769 persons

Malta's unemployment rate continued on its downward trajectory during the month of January, at 3.1%, the NSO said on Thursday. This figure reflects a slight 0.1% drop when compared with…

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Malta: Strong rebound in the services sector drives strong 9% growth in GDP

Provisional estimates published by the NSO indicate that the Gross Domestic Product (GDP) for 2021 amounted to €14,533.8 million, registering an increase of €1,473.9 million, or 11.3%, when compared to…

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Malta: Unemployment at historical lows as jobless rate drops to 1,117

In January, the number of persons registering for work stood at 1,117 decreasing by 1,558 when compared to the corresponding month in 2021, the NSO reported today.Data provided by Jobsplus…

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Malta: Economic sentiment improves in services and construction, declines among retailers, consumers – CBM

Confidence improved in services, construction and industry but declined in the retail sector and among consumers, the Central Bank of Malta said, quoting a survey carried out by the European…

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Malta: Inflation jumps to 4.1% in January

In January 2022, the annual rate of inflation as measured by the HICP was 4.1% up from 2.6% in December 2021, one of the highest increases recorded in recent times,…

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Malta: Construction, public sector jobs supports growth in employment

Emplyoment increased towards the end of last Summer, fresh NSO data reveals. Statistics published this morning have shown that in September 2021, registered full-time employment increased by 3.8%, while part-time…

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Malta: Industrial production sees big drop in 2021

In December 2021, the total production generated by the Maltese manufacturing and energy industries went down by 6.6% from December 2020. The largest decrease was registered in the production of…

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Malta: Big drop in number of persons looking for a job – NSO

In December, the number of persons registering for work stood at 1,167, the NSO said today, decreasing by 1,598 when compared to the corresponding month in 2020.Data provided by Jobsplus…

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Malta: Unemployment remains stable in December

The unemployment rate for December 2021 stood at 3.4 per cent, the NSO said today, remaining constant on the previous month and declining by 0.9 percentage points from December 2020.…

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Malta: Business activity receded in December, CBM report shows

The Central Bank of Malta said on Tuesday that annual growth in business activity receded somewhat from recent highs but nevertheless remained strong from a historical perspective as economic activity continued…

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Malta: Food continues to drive prices up

Inflation continued to increase in December, with fresh NSO data showing that the Retail Price Index reached 2.59 per cent, up from the 2.38 per cent in November 2021. The…

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Malta registers third highest increase in debt levels among EU peers

Malta's debt level has reached 57.2% of GDP by the end of the third quarter of last year, an increase of 5.7% over the same period of last year. This…

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Malta: Inflation edges up, but remains euro area lowest

The cost of living continued to edge up in December 2021, with the NSO saying today that the annual rate of inflation as measured by the HICP was 2.6 per…

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Malta lags European counterparts on renewables, but national targets achieved

Newly-released Eurostat data shows that Malta remains at the bottom of the pile in terms of renewable energy used as a percentage of final energy consumption. However, the data shows…

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Malta registers big drop in consumption expenditure

Malta has registered a significant drop in consumption expenditure, estimated by Eurostat to reach 22%, far exceeding the decrease registered on an EU-wide level, which reached 8%. Eurostat said that…

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Malta-Gozo travel up by 32% in 2021

Travel between Malta and Gozo increased substantially in 2021, with trips up by 32.4%. Including both the Gozo Channel ferry service and the fast ferry service, during 2021, the number…

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Malta: Deficit on the increase as government salary bill increases €29.2m in third quarter

During the third quarter of 2021, the General Government recorded a deficit of €267.6 million, NSO data reveals. Salaries continued to play a significant role in expenditure increase, with some…

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Malta: Industrial production in heavy decrease over 2021

In November 2021, the seasonally adjusted index of industrial production decreased by 3.7% over the previous month, data released by the NSO has shown. When compared to November 2020, the…

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82% of people in Malta own their property – Eurostat

Malta continues to register high rates of property ownership, with a Eurostat study finding that some 81.9% of people living in Malta owning their own property. In 2020, 70% of…

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Malta: Unemployment stands at just below 9,000 – Labour Force Survey

During the third quarter of 2021, the Labour Force Survey estimates that total number of persons in employment was 268,987, 3.6 per cent higher when compared to the previous year.…

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Malta: CBM expects domestic demand to drive recovery in 2022

The Central Bank of Malta (Bank) is forecasting that Malta's gross domestic product (GDP) will grow by 6.0% in 2021, by 6.5% in 2022, 5.3% in 2023 and 3.8% in…

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Malta: Cost-of-living increases to 2.4% in November

In November 2021, the annual rate of inflation as measured by the HICP was 2.4 per cent, up from 1.4% in October 2021. The 12-month moving average rate for November…

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Malta: Airport travel drops in November 36% lower than 2019, but MIA sees green shoots

Last November saw 315,964 passengers travel through Malta International Airport. This total translates into a decrease of 35.9 per cent compared to 2019 figures, which is the lowest percentage drop…

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Malta: Graduates drop 5% in 2020 – NSO

Tertiary-level graduates totalled 4,629 during 2020, equivalent to a decrease of 4.9 per cent over the previous year.The largest share of tertiary graduates (55.5 per cent) attained a qualification at…

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Malta: Services industry leads recovery in Q3

The Maltese economy experienced a strong recovery over the Summer months, despite growth falling slightly short when compared to the drop experienced during the same timeframe last year. During the…

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Malta: Deficit exceeds 1 Billion euro mark by end October

By the end of October 2021, the Government’s Consolidated Fund reported a staggering deficit of €1,064.9 million. Figures released by the NSO today show that recurrent Revenue amounted to €4,017.5…

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Malta: Food drags inflation upwards again

Food remained the largest contributor to inflation as measured by the Retail Price Index, the NSO said today. The annual rate of inflation has reached 2.25% in October, up from…

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Economy is recovering, but risks remain – Central Bank

Although the economy is recovering, uncertainties surrounding the pandemic remain, posing some downside risks for the financial system, an Interim Financial Stability Report by the Central Bank of Malta found.…

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Malta: October brings strong decline in unemployment rate

In October, the number of persons registering for work stood at 1,254, decreasing by 1,860 when compared to the corresponding month in 2020. Data released today by the NSO, and…

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Malta: Inflation doubles in one month, but remains lowest in EU

In October 2021, the annual rate of inflation as measured by the HICP was 1.4%, double the increase registered a month before (0.7%), figures published by the NSO today show.…

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One in five Maltese smokes daily, Eurostat finds

Almost one in five Maltese persons smoked daily, a Eurostat study has found. The prevalence of Maltese smokers is slightly above the European Union average. In 2019, 18.4% of the…

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Exports decline in first nine months of the year

Exports have continued to decline during the first nine months of the year, fresh NSO data revealed. During the first nine months of the year, the total trade in goods…

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Malta: Health workers behind increase in full-time employment

In May 2021, registered full-time employment increased by 2.6% while part-time employment as a primary job increased by 2.1% compared to the corresponding month in 2020. Administrative data provided by…

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10% of people in Malta live in dark dwellings – Eurostat

Just under 10% of people in Malta, the third highest rate in the European Union, reported not having enough daylight in their dwelling, meaning their dwelling seemed too dark and…

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Malta: Deficit climbs to over €900m by September

By the end of September 2021, the Government’s Consolidated Fund reported a deficit of €906.8 million, the NSO reported today. In the first nine months of 2021, Recurrent Revenue amounted…

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Malta: Decline in tax revenue shows extend of pandemic impact

Total tax revenue in 2020 decreased by €317.9 million over the previous year, amounting to €3,973.8 million, the NSO said today. This sheds further light on the adverse economic impact…

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