Malta: 2025 Article IV Consultation-Press Release; and Staff Report
IMF Staff Country Reports, February 6, 2026
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- Malta: 2025 Article IV Consultation-Press Release; and Staff Report
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Bibliographic details
- Published: February 6, 2026
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229038249.002
Key findings
- Malta's economy has grown rapidly over the past decade, with per capita income nearly doubling since 2013.
- Growth averaged close to 7 percent annually.
- Growth was led by labor-intensive tourism, online gaming, and professional services, and was supported by inflows of foreign workers.
- Malta is an island economy with the highest population density in the EU.
Outlook and risks
- Labor-driven growth supported by immigration is expected to continue in the medium term but slow in the longer term.
- Without adequate policy and structural reform measures, the inevitable deceleration in labor force growth would weigh on potential output and limit actual growth.
Policy implications and priorities
- Implement adequate policy and structural reform measures to mitigate the long-term slowdown associated with decelerating labor force growth.
- Address constraints arising from high population density and limits to sustaining further substantial population and labor force growth through immigration.
Malta: 2025 Article IV Consultation-Press Release; and Staff Report (February 6, 2026).
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