Malta Records €642 Million Account Surplus
- saskiavanvredenbur
- 6 days ago
- 2 min read
Malta posted a current account surplus exceeding €642 million between July and September 2025, representing a €108 million improvement over the same period in 2024, according to figures published by the National Statistics Office (NSO).
The NSO attributed the improvement primarily to the services sector, which alone recorded a balance of €2.176 billion. The financial account showed net asset transactions of more than €638 million, including €1.602 billion in direct investments, underscoring continued foreign confidence in Malta's economy. Last year, Malta was recognised as the highest climber in the Greenfield FDI Performance Index, jumping 50 places to 33rd globally.
The current account performance coincided with robust GDP growth, which reached €6.3 billion in the third quarter of 2025, a 5.7% increase year-on-year. Malta's economy expanded by 3% in volume terms, driven by strong performances in accommodation and food services, retail, and administrative activities, cementing the island's position as the European Union's fastest-growing economy.
The labour market remained exceptionally tight, with unemployment dropping to 2.7% in Q3 2025, among the lowest rates in the EU. The employment rate climbed to 81.6%, with 337,234 persons employed, an increase of 15,598 over the previous year. The European Commission projects Malta's GDP to grow by 4% in 2025, outpacing all other EU member states.
Tourism continued its strong trajectory, with Malta International Airport handling a record 10 million passengers in 2025. The sector's momentum, coupled with expanding financial services, gaming, and professional services, drove export growth that outpaced imports, contributing positively to overall economic performance.
Investment is forecast to grow by 6% in 2025, supported by EU Recovery and Resilience Facility funds. The government deficit is expected to decrease to 3.2% of GDP, whilst public debt stabilises at approximately 47% of GDP, maintaining Malta's solid fiscal position within eurozone parameters.
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