Malta registers 2nd highest drop in government debt to GDP

Malta registers the second highest drop in government debt to GDP in the third quarter between 2017 and 2018, new figures show.

According to Eurostat’s assessments of the 28 EU member states, Malta is recorded to have a 6.8% decrease. This equates to a decrease from 5,838m (52.6%) to 5,512m (45.9%) of national currency.

Slovenia is registered with the highest decrease at 8% of GDP.

Credit: Eurostat

Closer still, the figures also show that that Maltese government debt in relation to GDP was down 3.1% in the third quarter of 2018, compared to the second.

Malta registers as is one of the top three countries recording large decreases in its government debt to GDP ratio.

This puts the country just behind Hungary and Czech Republic in second place (jointly -1.4%) followed by Slovenia and Croatia (jointly -1.6%).

Credit: Eurostat

In the Euro Area (EA19) as a whole, government debt to GDP ratio registered a 0.2% decrease in the third quarter of 2018, 86.3% to 86.1%. The same decrease is reflected in the European Union area (EU 28) where the ratio moved from 81.0% to 80.8%.