household debts in Malta

Gross debt in Malta

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Malta in the period from 1998 to 2021 was between 2.0 billion and 9.8 billion USD. The highest level of the last years at ten billion US Dollar was reached in 2021. The budget deficit in the same year was 1.4 billion USD.

Based on the number of inhabitants, this is a debt of 18,895 USD per person. For comparison, the average debt per person in the same year in the European Union was 33,695 USD.

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Gross debt of the last 23 years in billion USD

YearMalta totalMalta per capitaEU per capita
19981.99 bn USD5,165 USD14,079 USD
19992.29 bn USD5,901 USD14,032 USD
20002.45 bn USD6,284 USD11,232 USD
20012.68 bn USD6,812 USD11,255 USD
20022.77 bn USD6,991 USD12,258 USD
20033.70 bn USD9,273 USD15,286 USD
20044.29 bn USD10,693 USD17,595 USD
20054.49 bn USD11,110 USD18,327 USD
20064.36 bn USD10,759 USD18,877 USD
20074.91 bn USD12,079 USD20,898 USD
20085.64 bn USD13,785 USD24,086 USD
20095.79 bn USD14,042 USD25,361 USD
20105.92 bn USD14,272 USD26,496 USD
20116.75 bn USD16,213 USD29,231 USD
20126.31 bn USD15,011 USD28,174 USD
20137.01 bn USD16,457 USD29,981 USD
20147.22 bn USD16,610 USD30,648 USD
20156.24 bn USD14,018 USD25,918 USD
20166.39 bn USD14,025 USD26,261 USD
20176.45 bn USD13,772 USD27,024 USD
20186.69 bn USD13,798 USD28,448 USD
20196.40 bn USD12,704 USD27,168 USD
20207.97 bn USD15,467 USD30,783 USD
20219.80 bn USD18,895 USD33,695 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 2021 varied between -1.41 billion euros and +443.63 million euros. In 2021, Malta reached a balance of -1 billion euros.

In ratio to population, this equals a new indebtedness of 2,650 euros per capita in Malta in 2021. For comparison, the average debt per capita in the European Union in the same year was 1,787 euros.

Budget deficit and surplus in the last 23 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-1,462 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-852 USD
2015-91.09 M USD-205 USD-577 USD
2016129.84 M USD285 USD-423 USD
2017443.63 M USD948 USD-263 USD
2018317.10 M USD654 USD-139 USD
201992.02 M USD183 USD-197 USD
2020-1,413.70 M USD-2,743 USD-2,312 USD
2021-1,373.94 M USD-2,650 USD-1,787 USD

(negative numbers = deficit)
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