Malta Once Again Records Highest Economic Growth In Euro Area
Malta has once again recorded the highest economic growth in the Euro Area with a real GDP growth rate of 6.6 per cent in 2017.
This growth rate is more than double the average growth rate of 2.3 and 2.4 per cent recorded in the Euro Area and the EU28 respectively.
In nominal terms, GDP grew by 9.0 per cent. The latter augurs well for the debt-to-GDP ratio for 2017, which is expected to fall below 55 per cent.
“I am pleased to note that our country has been consistently recording historically higher economic growth rates in the last four years,” Finance Minister Edward Scicluna said in a statement.