
A recent study conducted by the Central Bank of Malta, in collaboration with the Gozo Regional Development Authority, highlights Gozo’s strong financial standing.
The island ranks among Malta’s top three wealthiest regions, with a median net wealth of €334,000, just behind the Western and Northern regions.
A major factor contributing to Gozo’s wealth is its high homeownership rate, with 89.1% of households owning their homes in 2020.
However, property value growth has been more modest in Gozo compared to other regions. The median value of a primary residence increased by just 11.1% between 2017 and 2020, well below the national average of 50%.
Income levels have also risen. In 2020, Gozitan households reported a median gross income of €31,843, above the national median of €29,700. This reflects an 18.2% increase from 2017.
Salaried employment accounts for 68.2% of household income, with self-employment contributing 13.7%.
In terms of debt, the median household debt in Gozo decreased to €31,000 in 2020—a significant 61.4% reduction from 2017. Household consumption rose by 26.6%, reaching €11,400.
These positive trends indicate that Gozo’s financial resilience continues to grow, with rising incomes and decreasing debt levels. Find the full study here.
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