Real GDP at Constant National Prices for Malta
RGDPNAMTA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,294.84
Year-over-Year Change
74.68%
Date Range
1/1/1954 - 1/1/2019
Summary
This trend measures the real gross domestic product (GDP) of Malta, adjusted for inflation and expressed in constant national prices. It is a key indicator of economic growth and performance for policymakers and analysts.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Real GDP at Constant National Prices for Malta represents the total inflation-adjusted value of all goods and services produced within the Maltese economy. It is a widely used metric for evaluating Malta's economic expansion, productivity, and living standards over time.
Methodology
The data is calculated by the World Bank using national accounts information and price deflators.
Historical Context
Policymakers and economists closely monitor this trend to assess the health of the Maltese economy and guide fiscal and monetary policies.
Key Facts
- Malta's real GDP grew by 6.9% in 2022.
- The services sector accounts for over 80% of Malta's GDP.
- Malta's economy recovered strongly from the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total output of goods and services produced within the Maltese economy, adjusted for inflation and expressed in constant national prices.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a key indicator of a country's economic growth, productivity, and living standards, making it highly relevant for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information and price deflators.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor real GDP trends to assess the overall health of the economy and guide fiscal and monetary policies accordingly.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the most recent data, as it relies on national accounts information. Additionally, the constant national prices used in the calculation may not fully capture all economic activity.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Malta (RGDPNAMTA666NRUG), retrieved from FRED.