
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
Year | Malta total | Malta per capita | EU per capita |
---|---|---|---|
2000 | 25.87 bn USD | 66,315 USD | 10,470 USD |
2001 | 29.39 bn USD | 74,783 USD | 10,461 USD |
2002 | 38.78 bn USD | 97,928 USD | 11,385 USD |
2003 | 47.90 bn USD | 120,187 USD | 14,236 USD |
2004 | 62.82 bn USD | 156,562 USD | 16,336 USD |
2005 | 67.28 bn USD | 166,592 USD | 17,037 USD |
2006 | 78.22 bn USD | 192,995 USD | 17,538 USD |
2007 | 91.14 bn USD | 224,090 USD | 19,432 USD |
2008 | 107.84 bn USD | 263,411 USD | 22,495 USD |
2009 | 106.74 bn USD | 258,781 USD | 23,633 USD |
2010 | 104.88 bn USD | 253,028 USD | 24,620 USD |
2011 | 101.45 bn USD | 243,716 USD | 27,209 USD |
2012 | 99.61 bn USD | 237,154 USD | 26,161 USD |
2013 | 104.76 bn USD | 245,943 USD | 27,855 USD |
2014 | 105.72 bn USD | 243,274 USD | 28,497 USD |
2015 | 93.01 bn USD | 208,994 USD | 24,072 USD |
2016 | 96.82 bn USD | 212,626 USD | 24,404 USD |
2017 | 103.10 bn USD | 220,306 USD | 25,136 USD |
2018 | 110.27 bn USD | 227,540 USD | 26,499 USD |
2019 | 105.49 bn USD | 209,289 USD | 25,326 USD |
2020 | 120.47 bn USD | 233,763 USD | 28,545 USD |
2021 | 135.57 bn USD | 261,455 USD | 31,244 USD |
2022 | 128.28 bn USD | 247,398 USD | 28,869 USD |
Comparison of gross debt per capita with the European Union in U.S. dollars
Budget deficit in Malta

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
Year | Malta total | Malta per capita | EU 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 USD | 112 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 |
2016 | 129.84 M USD | 285 USD | -421 USD |
2017 | 443.63 M USD | 948 USD | -263 USD |
2018 | 304.93 M USD | 629 USD | -134 USD |
2019 | 79.60 M USD | 158 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)