household debts in Malta

Gross debt in Malta

The gross debt of Malta refers to the debt of the state, its states and municipalities, and also of public sector institutions such as social security funds.

The gross debt in Malta in the period from 2000 to 2022 was between 25.9 billion and 135.6 billion USD. The hightest level within the past 22 years was reached in 2021. However, the liabilities in 2022 have been only 128 billion USD The budget deficit in the same year was 1.0 billion USD.

Based on the number of inhabitants, this is a debt of 247,398 USD per person. For comparison, the average debt per person in the same year in the European Union was 28,869 USD.

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Gross debt of the last 22 years in billion USD

YearMalta totalMalta per capitaEU per capita
200025.87 bn USD66,315 USD10,470 USD
200129.39 bn USD74,783 USD10,461 USD
200238.78 bn USD97,928 USD11,385 USD
200347.90 bn USD120,187 USD14,236 USD
200462.82 bn USD156,562 USD16,336 USD
200567.28 bn USD166,592 USD17,037 USD
200678.22 bn USD192,995 USD17,538 USD
200791.14 bn USD224,090 USD19,432 USD
2008107.84 bn USD263,411 USD22,495 USD
2009106.74 bn USD258,781 USD23,633 USD
2010104.88 bn USD253,028 USD24,620 USD
2011101.45 bn USD243,716 USD27,209 USD
201299.61 bn USD237,154 USD26,161 USD
2013104.76 bn USD245,943 USD27,855 USD
2014105.72 bn USD243,274 USD28,497 USD
201593.01 bn USD208,994 USD24,072 USD
201696.82 bn USD212,626 USD24,404 USD
2017103.10 bn USD220,306 USD25,136 USD
2018110.27 bn USD227,540 USD26,499 USD
2019105.49 bn USD209,289 USD25,326 USD
2020120.47 bn USD233,763 USD28,545 USD
2021135.57 bn USD261,455 USD31,244 USD
2022128.28 bn USD247,398 USD28,869 USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      Malta       European Union

Budget deficit in Malta

household debts in MaltaThe budget deficit of a country is the result of all its claims and liabilities. This includes incomes and expenses, repayments and building of new debts in other countries, but also domestic positions of the government, such as social insurance, local authorities and communities. It is the financial balance of the economic accounts. In simple terms: If a country at the end of the year has more money than at at the beginning, it is a surplus. If it is less, it is called a deficit.

The budget balance in Malta in the period between 1998 and 2022 varied between -1.45 billion euros and +443.63 million euros. In 2022, Malta reached a balance of -1.03 billion euros.

In ratio to population, this equals a new indebtedness of 1,992 euros per capita in Malta in 2022. For comparison, the average debt per capita in the European Union in the same year was 1,254 euros.

Budget deficit and surplus in the last 24 years

YearMalta totalMalta per capitaEU per capita
1998-375.35 M USD-974 USD-398 USD
1999-300.34 M USD-775 USD-204 USD
2000-231.27 M USD-593 USD112 USD
2001-252.02 M USD-641 USD-299 USD
2002-251.62 M USD-635 USD-565 USD
2003-472.28 M USD-1,185 USD-840 USD
2004-265.45 M USD-662 USD-920 USD
2005-169.32 M USD-419 USD-822 USD
2006-170.26 M USD-420 USD-568 USD
2007-169.12 M USD-416 USD-360 USD
2008-375.79 M USD-918 USD-1,085 USD
2009-276.17 M USD-670 USD-2,021 USD
2010-202.04 M USD-487 USD-1,970 USD
2011-292.32 M USD-702 USD-1,463 USD
2012-317.09 M USD-755 USD-1,220 USD
2013-234.68 M USD-551 USD-1,027 USD
2014-177.75 M USD-409 USD-851 USD
2015-91.09 M USD-205 USD-574 USD
2016129.84 M USD285 USD-421 USD
2017443.63 M USD948 USD-263 USD
2018304.93 M USD629 USD-134 USD
201979.60 M USD158 USD-191 USD
2020-1,453.68 M USD-2,821 USD-2,317 USD
2021-1,390.50 M USD-2,682 USD-1,852 USD
2022-1,033.10 M USD-1,992 USD-1,254 USD

(negative numbers = deficit)
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