Malta Projected By IMF To Have Fastest-Growing Economy In The Eurozone Until 2030
Malta’s economy is set to keep outpacing the rest of Europe, with the International Monetary Fund (IMF) projecting it will remain the fastest-growing economy in the eurozone until 2030.
According to the IMF’s latest data, Malta’s GDP is expected to grow by 4.0%, nearly four times higher than the eurozone average of 1.1%.
Prime Minister Robert Abela reacted to the news in a post on X, highlighting Malta’s continued resilience amid what he called the “dim prospects” of the global economy.
He also noted that unemployment is projected to fall to just 2.5%, describing the figures as proof that “progressive economic policies are the only way.”
But while the numbers are promising, the IMF’s October World Economic Outlook warned that the global economy remains in uncertain territory, citing rising tariffs, shrinking development aid, and tighter immigration policies in some advanced economies as potential challenges.
The IMF also pointed out that Malta’s rapid growth has brought infrastructure bottlenecks, particularly in waste management, transport, and emissions reduction, urging investment in these areas to sustain long-term progress.
Earlier this year, the Maltese government said it plans to look beyond GDP as a measure of success, focusing instead on wellbeing, disposable income, and education to track the country’s real progress.
So while the numbers may be shining bright, Malta’s next challenge may be making sure that growth feels just as good as it looks on paper.
READ NEXT: Beloved School Therapy Dog Ilio Passes Away After Six Years Of Spreading Joy
