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Economy of Germany vs Malta compared: GDP & Debt

Updated on by Georank

Germany has a GDP of $5.05T compared to $27.8B for Malta, ranking 3/197 and 118/197 by economy size, respectively.

Germany has $3.18T in government debt (62.9% of GDP), compared to $13B (46.8% of GDP) in Malta.

Germany vs Malta GDP by year

Germany
Malta
1x
Year GDP, current $
Germany Malta
2025 $5,050,922,925,047 $27,771,821,561
2024 $4,685,592,577,805 $25,042,712,191
2023 $4,562,207,532,490 $22,625,329,776
2022 $4,201,021,706,479 $18,938,869,147
2021 $4,355,251,953,411 $19,730,119,031
2020 $3,941,398,957,074 $16,404,655,808
2019 $3,959,894,794,039 $16,337,788,881
2018 $4,055,433,215,302 $16,153,785,817
2017 $3,765,351,626,106 $14,161,374,599
2016 $3,536,787,895,179 $12,025,777,078
2015 $3,425,099,578,746 $11,340,789,706
2014 $3,964,870,735,761 $11,888,029,752
2013 $3,807,023,797,051 $10,796,780,874
2012 $3,596,483,233,406 $9,609,530,619
2011 $3,823,575,803,794 $9,789,363,086
2010 $3,467,093,769,667 $9,097,044,301
2009 $3,478,545,516,684 $8,769,897,418
2008 $3,808,197,720,125 $9,172,399,573
2007 $3,484,056,680,855 $7,908,412,374
2006 $3,046,308,753,671 $6,749,838,862
2005 $2,893,393,187,362 $6,393,234,965
2004 $2,852,317,768,062 $6,104,141,501
2003 $2,534,715,518,349 $5,418,315,225
2002 $2,102,350,798,306 $4,455,127,398
2001 $1,966,381,496,642 $4,070,867,153
2000 $1,966,980,701,145 $4,036,809,767
1999 $2,213,873,468,587 $4,111,857,836
1998 $2,247,760,364,566 $4,010,111,652
1997 $2,218,790,886,533 $3,787,023,655
1996 $2,506,576,553,158 $3,822,547,151
1995 $2,593,053,091,306 $3,709,396,089
1994 $2,215,282,632,277 $2,998,505,428
1993 $2,078,954,217,438 $2,709,193,538
1992 $2,141,377,582,968 $3,021,942,759
1991 $1,875,792,575,133 $2,750,216,747
1990 $1,778,162,195,860 $2,547,328,748
1989 $1,404,092,925,205 $2,118,655,677
1988 $1,406,367,016,372 $2,019,503,068
1987 $1,302,932,318,825 $1,751,293,461
1986 $1,050,092,624,516 $1,435,038,441
1985 $735,218,723,093 $1,117,797,439
1984 $727,767,760,979 $1,101,807,023
1983 $773,507,930,295 $1,165,729,707
1982 $779,421,633,755 $1,234,474,404
1981 $803,404,797,058 $1,243,509,394
1980 $953,772,499,462 $1,250,198,601
1979 $884,574,218,333 $1,001,288,847
1978 $743,182,891,918 $793,673,402
1977 $602,698,323,086 $625,563,171
1976 $521,658,712,133 $527,936,989
1975 $492,434,094,920 $474,618,321
1974 $446,934,971,657 $376,081,124
1973 $399,833,571,167 $345,616,106
1972 $300,899,944,795 $295,106,628
1971 $250,900,942,397 $264,578,485
1970 $216,629,229,947 $250,728,796
1969 $177,733,486,326 -
1968 $156,527,292,653 -
1967 $145,100,667,773 -
1966 $143,304,275,684 -
1965 $134,774,688,191 -
1964 $123,330,404,665 -
1963 $112,232,503,744 -
1962 $105,895,435,234 -
1961 $96,558,204,043 -
1960 $84,619,845,881 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/germany/malta | CC BY

GDP per capita in Germany vs Malta by year

Germany
GDP per capita

GDP per capita, PPP
Malta
GDP per capita

GDP per capita, PPP
1x
Year Current $
Germany Malta
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $60,496 - $47,907 -
2024 $56,104 $73,552 $44,024 $69,864
2023 $54,777 $71,684 $40,933 $67,057
2022 $50,507 $69,049 $35,659 $60,589
2021 $52,349 $62,531 $38,078 $56,852
2020 $47,395 $58,686 $31,823 $49,972
2019 $47,656 $59,271 $32,422 $51,393
2018 $48,916 $56,273 $33,382 $48,178
2017 $45,554 $54,110 $30,317 $45,764
2016 $42,949 $51,570 $26,459 $41,000
2015 $41,930 $48,545 $25,530 $38,369
2014 $48,960 $47,939 $27,425 $35,206
2013 $47,207 $45,889 $25,416 $33,138
2012 $44,718 $44,229 $22,878 $30,716
2011 $47,631 $43,398 $23,517 $29,426
2010 $42,397 $39,726 $21,947 $28,909
2009 $42,472 $37,574 $21,262 $26,782
2008 $46,379 $38,444 $22,406 $26,654
2007 $42,351 $36,914 $19,444 $25,012
2006 $36,980 $34,741 $16,654 $23,219
2005 $35,084 $32,314 $15,831 $22,227
2004 $34,567 $31,753 $15,212 $21,566
2003 $30,711 $30,301 $13,594 $20,813
2002 $25,487 $29,514 $11,251 $19,532
2001 $23,878 $28,674 $10,358 $18,435
2000 $23,926 $27,474 $10,348 $18,214
1999 $26,965 $26,518 $10,609 $16,898
1998 $27,396 $25,446 $10,408 $16,219
1997 $27,047 $24,649 $9,893 $15,465
1996 $30,600 $24,169 $10,062 $14,661
1995 $31,747 $23,631 $9,828 $13,950
1994 $27,202 $22,869 $8,000 $12,938
1993 $25,617 $21,900 $7,296 $12,103
1992 $26,560 $21,746 $8,220 $11,429
1991 $23,443 $21,001 $7,559 $10,784
1990 $22,386 $19,468 $7,192 $10,086
1989 $17,829 - $6,041 -
1988 $17,997 - $5,814 -
1987 $16,739 - $5,084 -
1986 $13,511 - $4,195 -
1985 $9,464 - $3,322 -
1984 $9,347 - $3,333 -
1983 $9,900 - $3,527 -
1982 $9,950 - $3,788 -
1981 $10,246 - $3,898 -
1980 $12,183 - $3,948 -
1979 $11,322 - $3,196 -
1978 $9,517 - $2,559 -
1977 $7,711 - $2,038 -
1976 $6,659 - $1,727 -
1975 $6,259 - $1,560 -
1974 $5,660 - $1,245 -
1973 $5,065 - $1,144 -
1972 $3,824 - $976 -
1971 $3,204 - $874 -
1970 $2,771 - $828 -
1969 $2,281 - - -
1968 $2,025 - - -
1967 $1,886 - - -
1966 $1,871 - - -
1965 $1,774 - - -
1964 $1,637 - - -
1963 $1,502 - - -
1962 $1,431 - - -
1961 $1,316 - - -
1960 $1,162 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/germany/malta | CC BY

Germany's GDP per capita is $60,496, ranking 18/197, compared to $47,907 in Malta, ranking 28/197. Adjusted for purchasing power (GDP per capita PPP), Germany ranks 20th at $73,552, while Malta ranks 25th at $69,864.

Economic indicators

Germany Malta
Gross domestic product
$5.05T
2025
$27.8B
2025
GDP rank
3/197
2025
118/197
2025
GDP growth
0.24%
2024-2025
3.96%
2024-2025
GDP per capita
$60,496
2025
$47,907
2025
GDP per capita rank
18/197
2025
28/197
2025
GDP per capita, PPP
$73,552
2024
$69,864
2024
GDP per capita PPP rank
20/197
2024
25/197
2024
Government debt
$3.18T
2025
$13B
2025
Debt-to-GDP ratio
62.9%
2025
46.8%
2025
Government debt per person
$38,071
2025
$22,407
2025
Government debt per person rank
21/185
2025
30/185
2025
Average annual personal income after taxes
$40,352
2026
$22,914
2026
Market capitalization of domestic companies
$2.9T
2025
$5.35B
2025
Number of millionaires
2,648,000
2026
n/a
Number of billionaires
212
2026
n/a
Income share by richest 10%
26.2%
2022
24.7%
2023
Income share by poorest 10%
2.3%
2022
2.8%
2023
Government expenditure, % of GDP
50.5%
2025
37%
2025
Consumer prices inflation
2.17%
2024-2025
2.36%
2024-2025
Unemployment rate
3.8%
2025
3.1%
2025
Population
82830814
586345

Spending and national debt comparison by year

Germany
Spending

Debt
Malta
Spending

Debt
1x
Year % of GDP
Germany Malta
Government spending Government debt Government spending Government debt
2025 50.5% 62.9% 37% 46.8%
2024 49.4% 62.2% 37.4% 46%
2023 48.1% 62.3% 35.8% 46.8%
2022 48.6% 64.4% 38.4% 50.1%
2021 50.7% 67.9% 39.5% 49.6%
2020 51.1% 68% 42.1% 48.6%
2019 45.5% 58.7% 34.9% 39.2%
2018 44.7% 60.8% 34.5% 41.4%
2017 44.5% 64% 32.7% 45.6%
2016 44.7% 68.3% 35.5% 53.1%
2015 44.5% 71.2% 37.8% 55%
2014 44.5% 74.5% 39.6% 60.7%
2013 45.2% 77.5% 40.1% 64.9%
2012 45.1% 79.8% 41.7% 65.6%
2011 45.3% 78.5% 41.5% 68.9%
2010 48.1% 81% 40.1% 65%
2009 48.3% 72.4% 41.1% 66%
2008 44.4% 65.2% 42.1% 61.5%
2007 43.5% 63.7% 41.2% 62%
2006 45.3% 66.4% 42.5% 64.5%
2005 46.9% 67.1% 42.5% 70.2%
2004 47% 65% 42% 70.4%
2003 48.5% 63.3% 45.6% 68.6%
2002 48.2% 59.8% 43.6% 65.1%
2001 47.7% 58.1% 44.4% 70%
2000 48.1% 59.2% 42.9% 64.4%
1999 48.5% 60.3% - 69.8%
1998 48.3% 59.4% - 66.4%
1997 48.8% 58.8% - 60.8%
1996 49.6% 57.7% - 51.5%
1995 55.2% 54.9% - 45.3%
1994 48.3% 47.5% - -
1993 48.3% 45.1% - -
1992 47.4% 41.4% - -
1991 46.5% 39% - -
1990 44.7% 40.7% - -
1989 44.3% 39.2% - -
1988 45.6% 40.5% - -
1987 46% 40.1% - -
1986 45.7% 39.1% - -
1985 46.6% 39.2% - -
1984 47.2% 38.7% - -
1983 47.9% 38% - -
1982 49.1% 36.4% - -
1981 49% 33.6% - -
1980 48.2% 30.1% - -
1979 47.4% 28.2% - -
1978 47.7% 27.4% - -
1977 49% 26% - -
1976 49.4% 25.1% - -
1975 50.3% 23.7% - -
1974 46% 18.5% - -
1973 42.4% 17.3% - -
1972 41.8% 18% - -
1971 40.9% 17.7% - -
1970 39.5% 17.7% - -
1969 29.7% 20.3% - -
1968 28.5% 22.5% - -
1967 28.8% 22.5% - -
1966 28.3% 19.8% - -
1965 28.4% 18.7% - -
1964 29% 18.2% - -
1963 29.1% 18.1% - -
1962 29.2% 17.6% - -
1961 28.8% 18.7% - -
1960 22.9% 18.4% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1990, retrieved 2026-07-08).

GeoRank.org/economy/germany/malta | CC BY

In 2025, Germany's government spending was $2.55T, accounting for 50.5% of its GDP, while Malta spent $10.3B, or 37% of GDP.

Debt-to-GDP ratio is 62.9% in Germany and 46.8% in Malta, ranking 70/185 and 113/185, respectively.

Government deficit by year

Deficit/surplus
Germany

Malta
1x
Year Deficit/surplus, % of GDP
Germany Malta
2025 -2.67% -3.1%
2024 -2.66% -3.51%
2023 -2.49% -4.43%
2022 -1.91% -5.33%
2021 -3.17% -6.96%
2020 -4.38% -8.71%
2019 1.33% 0.72%
2018 1.88% 1.86%
2017 1.34% 3.4%
2016 1.13% 1.1%
2015 0.91% -0.84%
2014 0.73% -1.49%
2013 0.12% -2.19%
2012 -0.05% -3.31%
2011 -0.84% -2.99%
2010 -4.42% -2.22%
2009 -3.18% -3.11%
2008 -0.26% -4.06%
2007 0.15% -2.05%
2006 -1.76% -2.46%
2005 -3.37% -2.83%
2004 -3.42% -4.28%
2003 -3.83% -9.04%
2002 -4.09% -5.62%
2001 -3.12% -6.5%
2000 -1.71% -5.83%
1999 -1.87% -
1998 -2.65% -
1997 -3.03% -
1996 -3.64% -
1995 -9.44% -
1994 -2.54% -
1993 -3.11% -
1992 -2.63% -
1991 -3.21% -
1990 -1.94% -
1989 0.08% -
1988 -2.02% -
1987 -1.85% -
1986 -1.18% -
1985 -1.18% -
1984 -2.04% -
1983 -2.95% -
1982 -3.56% -
1981 -4.03% -
1980 -3.02% -
1979 -2.71% -
1978 -2.62% -
1977 -2.56% -
1976 -3.5% -
1975 -5.78% -
1974 -1.69% -
1973 1.14% -
1972 -0.37% -
1971 0.16% -
1970 0.53% -
1969 -0.43% -
1968 1.39% -
1967 2.73% -
1966 1.76% -
1965 2.26% -
1964 1.49% -
1963 1.43% -
1962 0.49% -
1961 -0.12% -
1960 -0.34% -
1959 0.77% -
1958 1.77% -
1957 1.99% -
1956 0.59% -
1955 -1.41% -
1954 -0.37% -
1953 -0.13% -
1952 0% -
1951 1.15% -
1950 1.81% -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 - -
1936 - -
1935 - -
1934 -0.64% -
1933 -0.43% -
1932 -1.11% -
1931 -1.03% -
1930 -1.52% -
1929 -0.9% -
1928 -1.47% -
1927 -0.44% -
1926 -1.3% -
1925 0.34% -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 0.007% -
1912 -0.26% -
1911 0.06% -
1910 -0.21% -
1909 0.11% -
1908 -0.11% -
1907 -0.14% -
1906 0.76% -
1905 1.21% -
1904 0.41% -
1903 0.88% -
1902 0.08% -
1901 0.91% -
1900 0.27% -
1899 0.6% -
1898 0.47% -
1897 0.39% -
1896 0.63% -
1895 0.47% -
1894 0.44% -
1893 0.42% -
1892 -0.24% -
1891 1.18% -
1890 0.12% -
1889 1.16% -
1888 0.62% -
1887 0.88% -
1886 0.23% -
1885 0.21% -
1884 0.23% -
1883 0.55% -
1882 0.41% -
1881 0.12% -
1880 -0.13% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1990, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08).

GeoRank.org/economy/germany/malta | CC BY

In 2025, Germany's government deficit, the difference between spending and revenue, was $135B, equivalent to 2.67% of GDP. This compares to Malta's deficit of $861M, or 3.1% of GDP.

Over the past 26 years, Germany recorded a fiscal deficit in 18 of those years, while Malta ran a deficit in 22 years. On average, Germany posted an annual deficit equal to 1.53% of GDP, compared to deficit of 3.22% of GDP for Malta.

Inflation comparison by year

Inflation
Germany

Malta
1x
Year Consumer prices inflation
Germany Malta
2025 2.17% 2.36%
2024 2.26% 1.65%
2023 5.95% 5.09%
2022 6.87% 6.15%
2021 3.07% 1.5%
2020 0.14% 0.64%
2019 1.45% 1.64%
2018 1.73% 1.16%
2017 1.51% 1.36%
2016 0.49% 0.64%
2015 0.51% 1.1%
2014 0.91% 0.31%
2013 1.5% 1.18%
2012 2.01% 2.38%
2011 2.08% 2.96%
2010 1.1% 1.52%
2009 0.31% 2.08%
2008 2.63% 4.26%
2007 2.3% 1.25%
2006 1.58% 2.77%
2005 1.55% 3.01%
2004 1.67% 2.79%
2003 1.03% 1.3%
2002 1.42% 2.19%
2001 1.98% 2.93%
2000 1.44% 2.37%
1999 0.59% 2.13%
1998 0.91% 2.39%
1997 1.94% 3.11%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/germany/malta | CC BY

Over the past 29 years, Germany has recorded an average annual inflation rate of 1.83%, compared with 2.22% in Malta. In 2025, inflation was 2.17% in Germany and 2.36% in Malta.

Top exports between countries

Germany
Export category Export value
Machinery & equipment $491M
Business & finance services $241M
Transport & tourism services $180M
Miscellaneous $175M
Chemicals & pharma $145M
IT & IP services $58.4M
Textiles & consumer goods $55.2M
Raw materials & minerals $39.5M
Processed food, beverages & tobacco $37.6M
Manufacturing & construction services $29.2M
Malta
Export category Export value
Transport & tourism services $4.06B
Business & finance services $568M
Machinery & equipment $531M
Textiles & consumer goods $106M
Chemicals & pharma $93.2M
Raw materials & minerals $48.4M
IT & IP services $39.2M
Manufacturing & construction services $23.4M
Government & miscellaneous services $22.4M
Metals $5.71M

Balance of trade

Germany Malta
Current account balance
$228B
2025
$1.78B
2024
Current account balance ranking
2/190
2025
45/190
2024
Current account balance, % of GDP
+4.51%
2025
+7.1%
2024
Goods imports
$1.32T
2025
$7.56B
2024
Goods exports
$1.53T
2025
$4.58B
2024
Service imports
$602B
2025
$17.4B
2024
Service exports
$518B
2025
$25B
2024
Imports of goods and services, % of GDP
38.1%
2025
99.9%
2025
Exports of goods and services, % of GDP
40.4%
2025
119.1%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Germany Malta
Economic freedom 71.7 68.2
Economic freedom ranking 30/197 49/197
Property rights 95.5 85.5
Government integrity 84.5 54.3
Judicial effectiveness 94.6 80.2
Tax burden 60.5 68.5
Government spending 28.8 58.4
Fiscal health 83.1 63.2
Business freedom 79.8 83.2
Labor freedom 52.2 62.6
Monetary freedom 72.5 73.1
Trade freedom 79.4 79.4
Investment freedom 60 60
Financial freedom 70 50

Economic freedom comparison by year

Germany
Malta
1x
Year Economic freedom index
Germany Malta
2026 71.7 68.2
2025 71.6 66.8
2024 72.1 64.5
2023 73.7 67.5
2022 76.1 71.5
2021 72.5 70.2
2020 73.5 69.5
2019 73.5 68.6
2018 74.2 68.5
2017 73.8 67.7
2016 74.4 66.7
2015 73.8 66.5
2014 73.4 66.4
2013 72.8 67.5
2012 71 67
2011 71.8 65.7
2010 71.1 67.2
2009 70.5 66.1
2008 70.6 66
2007 70.8 66.1
2006 70.8 67.3
2005 68.1 68.9
2004 69.5 63.3
2003 69.7 61.1
2002 70.4 62.2
2001 69.5 62.9
2000 65.7 58.3
1999 65.6 59.3
1998 64.3 61.2
1997 67.5 57.9
1996 69.1 55.8
1995 69.8 56.3

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/germany/malta | CC BY

The Economic Freedom Index for Germany is 71.7, ranking 30/197, compared to 68.2 for Malta, ranking 49/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Germany Malta
Services, % of GDP
64.5%
2025
81.3%
2025
Industry, % of GDP
25.2%
2025
10.1%
2025
Agriculture, forestry, and fishing, % of GDP
0.87%
2025
0.47%
2025
GNI, Atlas method
$5.03T
2025
$24B
2025
GNI per capita, PPP
$78,140
2025
$64,900
2025
Total reserves including gold
$572B
2025
$1.54B
2025
Total reserves ranking
7/177
2025
134/177
2025
Net foreign direct investment
$12.9B
2025
-$6.13B
2024
Net inflows of foreign direct investment
$62.6B
2024
$42.6B
2024
Net outflows of foreign direct investment
$87B
2024
$36.5B
2024
Poverty at national poverty lines
14.8%
2021
16.7%
2021
Gross capital formation, % of GDP
21.9%
2025
18.7%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/germany/malta | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1990, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.