Regional Gross Domestic Product: 2024
- Estimates for 2024 indicate that the contribution of Gozo and Comino region to national GDP accounted to 4.3 per cent.
- In 2024, GVA at basic prices in Malta, and Gozo and Comino regions increased by 10.4 per cent and 8.7 per cent respectively over 2023.
- In 2024, GDP per capita in Gozo and Comino region stood at 59.8 per cent when compared to national level while that of Malta region was 103.0 per cent.
- Relative to Malta region, the Gozo and Comino economy is characterised by a higher proportion of economic activity resulting from Public administration and defence, Compulsory social security, Education, Human health and social work activities (O, P and Q).
Regional Gross Domestic Product: 2024
Regional Gross Domestic Product: 2024
In 2024, the GVA at basic prices in the regions of Malta, and Gozo and Comino was estimated at €20,479.9 and €919.9 million respectively; reflecting corresponding increases of 10.4 and 8.7 per cent over 2023 (Table 1). Chart 1 illustrates analyses of the contributions to national GVA by industry (A*10/11) and region (NUTS 3).
Chart 1. Regional contribution to GVA (B.1g) by industry A*10/11 and region (NUTS 3)
Note: For a description of the NACE Rev. 2 Classifications outlined in the chart above, refer to methodological note 10.
Malta region
In 2024, all industries registered increases in GVA when compared to the previous year. The industries of Wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities (G, H and I) accounted for the largest share in GVA at 18.2 per cent. These industries registered a growth in GVA of 11.7 per cent when compared to 2023. The industries comprising Professional, scientific and technical activities; administrative and support service activities (M and N) contributed to the second largest share of the GVA with 17.4 per cent (Table 1, Chart 2).
Chart 2. Percentage industry contribution to GVA by industry A*10/11 and region (NUTS 3)
Note: For a description of the NACE Rev. 2 Classifications outlined in the chart above, refer to methodological note 10.
Gozo and Comino region
In 2024, all industries registered increases in GVA when compared to the previous year. The industries of Public administration and defence, Compulsory social security, Education, Human health and social work activities (O, P and Q) accounted for the highest share of the GVA at 20.7 per cent and have registered an increase of 14.0 per cent over 2023. The industries comprising Wholesale and retail trade, Repair of motor vehicles and motorcycles, Transportation and storage, Accommodation and food service activities (G, H and I) accounted for the second highest share of the GVA at 18.4 per cent and have registered a growth of 11.5 per cent over 2023 (Table 1, Chart 2).
Regional Gross Domestic Product
In 2024, GDP at market prices in the regions of Malta, and Gozo and Comino was estimated at €22,104.4 million and €992.9 million respectively, corresponding to 95.6 and 4.3 per cent of national GDP at market prices. During 2024, GDP per capita at market prices increased in both regions. The per capita GDP at market prices for the Malta region as a percentage of the national was 103.0 per cent while that of the Gozo and Comino region stood at 59.8 per cent. The per capita regional GDP does not reflect the income available to the private households of each respective region, but it strictly relates to the economic activity prevailing in each of the regions (Table 2, Chart 3).
Chart 3. Per capita regional GDP at market prices (NUTS 3)
Employment
In 2024, all industries in the Malta region registered increases in employment when compared to the previous year. The largest percentage increases resulted in the economic activities relating to Real estate activities (L); and Wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities (G, H and I), registering growths of 10.0 and 5.2 per cent respectively (Table 3).
Almost all industries in the Gozo and Comino region registered increases in employment during 2024, with the exception of economic activities relating to Professional, scientific and technical activities; administrative and support service activities (M and N). The largest increase was registered in the economic activity related to Financial and insurance activities (K) with a growth rate of 18.5 per cent (Table 3).
Methodological Notes
1. All data in this news release is in line with the European System of Accounts (ESA 2010) (ISBN 978-92-79-31242-7) and the manual on Regional Accounts Methods (ISBN 978-92-79-32357-7). The European System of National and Regional Accounts is an internationally compatible accounting framework for a systematic and detailed description of a total economy (whether this is a region, a country, or a group of countries), its components, and its relations with other total economies. Regional accounts are a regional specification of the corresponding accounts of the total economy.
2. The estimates of the national Gross Value Added (GVA) correspond to the news release Gross Domestic Product: Q2/2024 – NR159/2024 for 2000-2019 and Gross Domestic Product: Q3/2025 – NR220/2025 for 2020-2024. Data in this news release, Regional Gross Domestic Product: 2024, should be considered as final up till 2020 and provisional for 2021 to date.
3. GVA estimates in this news release are based on the Production Approach. The estimates of regional GVA at basic prices using the Production Approach is equivalent to the difference between output at basic prices and intermediate consumption at purchasers’ prices of industries physically located in each of the respective regions. Regional GDP is defined as regional GVA plus taxes less subsidies on products. Regional GDP is not a measure of income or financial well-being but strictly relates to the economic activity prevailing in a particular region.
| NUTS 0 | NUTS 1 | NUTS 2 | NUTS 3 | |
| MALTA | MT | MT0 | MT00 | |
| Malta | MT001 | |||
| Gozo and Comino | MT002 | |||
| Extra-Regio | MTZ | MTZZ | MTZZZ |
9. Statistics in this news release for reference years 2020, 2021 and 2022 should be interpreted in the context of the COVID-19 situation.
12. References to this news release are to be cited appropriately. For guidance on access and re-use of data please visit our dedicated webpage.
