Malta’s economy grew by 7.6% in first three months of 2022

According to statistics published by the National Statistics Office (NSO), Malta’s economy saw a growth of 7.6% in the first three months of this year.

With substantial increases in private consumption, investment and net exportation, the news was welcomed by Prime Minister Robert Abela via Twitter, who tweeted:

In a period of international challenges, including the war in Ukraine and the COVID-19 pandemic, the national good increased to around €3.8 billion. This means an increase of around €366.7 million – or approximately 11% – when compared to the same period last year.

This means that the first three months of 2022 is showing the same amount of growth as the first three months of 2019 – a period of time before the pandemic struck.

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