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Economy of Malta vs Myanmar compared: GDP & Debt

Updated on by Georank team

Malta has a GDP of $24.3B compared to $74.1B for Myanmar, ranking 120/197 and 85/197 by economy size, respectively.

Malta has $11.8B in government debt (49.3% of GDP), compared to $45.4B (62.6% of GDP) in Myanmar.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Malta
GDP, current $

GDP, constant 2015 $
Myanmar
GDP, current $

GDP, constant 2015 $
Year GDP
Malta Myanmar
Current $ Constant $ Current $ Constant $
1960 - - $545,098,448 $2,819,978,877
1961 - - $605,581,577 $2,833,276,800
1962 - - $634,528,872 $2,949,069,211
1963 - - $598,998,419 $3,342,749,158
1964 - - $411,419,906 $3,145,726,893
1965 - - $367,053,117 $3,482,088,444
1966 - - $293,103,479 $3,313,145,218
1967 - - $420,359,036 $3,116,832,787
1968 - - $559,956,130 $3,492,702,256
1969 - - $571,854,215 $3,607,672,972
1970 $250,728,796 $948,271,467 $563,555,631 $3,787,310,936
1971 $264,578,485 $971,541,988 $587,448,405 $3,943,725,456
1972 $295,106,628 $1,028,263,786 $662,213,083 $4,039,788,352
1973 $345,616,106 $1,070,897,026 $719,754,655 $4,000,678,162
1974 $376,081,124 $1,178,376,577 $1,225,589,878 $4,214,409,420
1975 $474,618,321 $1,408,867,989 $1,061,107,354 $4,389,421,587
1976 $527,936,989 $1,648,616,316 $1,204,699,849 $4,656,315,812
1977 $625,563,171 $1,849,486,528 $873,579,932 $4,933,473,074
1978 $793,673,402 $2,055,910,645 $935,408,775 $5,255,027,822
1979 $1,001,288,847 $2,271,591,567 $952,265,043 $5,528,356,401
1980 $1,250,198,601 $2,431,732,213 $1,038,225,167 $5,967,227,079
1981 $1,243,509,394 $2,512,265,398 $1,111,000,765 $6,346,489,388
1982 $1,234,474,404 $2,569,656,902 $1,481,165,468 $6,702,138,811
1983 $1,165,729,707 $2,553,920,578 $1,381,573,615 $6,996,435,938
1984 $1,101,807,023 $2,577,987,983 $1,304,063,253 $7,341,551,094
1985 $1,117,797,439 $2,644,636,182 $1,478,908,173 $7,550,858,733
1986 $1,435,038,441 $2,747,385,323 $1,582,873,750 $7,471,019,822
1987 $1,751,293,461 $2,860,316,993 $1,562,448,077 $7,171,758,277
1988 $2,019,503,068 $3,100,990,824 $1,541,088,312 $6,357,588,760
1989 $2,118,655,677 $3,354,624,138 $2,013,448,229 $6,592,520,573
1990 $2,547,328,748 $3,565,676,657 $2,115,193,513 $6,778,227,479
1991 $2,750,216,747 $3,788,762,970 $2,069,832,687 $6,734,127,185
1992 $3,021,942,759 $3,966,491,271 $2,411,552,289 $7,384,707,337
1993 $2,709,193,538 $4,144,219,794 $3,163,020,035 $7,830,700,107
1994 $2,998,505,428 $4,378,413,969 $4,432,257,174 $8,416,276,600
1995 $3,709,360,097 $4,656,114,550 $5,289,174,943 $9,001,043,827
1996 $3,822,489,746 $4,831,991,626 $6,123,556,717 $9,580,955,459
1997 $3,787,070,704 $5,086,008,503 $4,722,288,496 $10,122,431,106
1998 $4,010,092,091 $5,346,697,004 $6,459,461,639 $10,716,234,491
1999 $4,111,891,845 $5,599,059,817 $8,486,832,801 $11,889,140,285
2000 $4,036,809,865 $6,701,025,856 $8,905,066,164 $13,523,413,252
2001 $4,070,867,153 $6,650,321,027 $6,477,790,688 $15,057,508,855
2002 $4,455,127,398 $6,832,614,316 $6,777,632,512 $16,868,251,605
2003 $5,418,315,225 $7,085,028,943 $10,467,109,978 $19,203,491,833
2004 $6,104,141,501 $7,113,876,329 $10,567,354,056 $21,808,380,519
2005 $6,393,234,965 $7,318,803,721 $11,986,972,419 $24,767,548,772
2006 $6,749,838,862 $7,489,779,959 $14,502,553,710 $28,006,178,558
2007 $7,908,412,374 $7,867,015,006 $20,182,477,481 $31,364,521,323
2008 $9,135,419,490 $8,213,960,298 $31,862,554,102 $34,581,048,770
2009 $8,734,745,632 $8,099,347,414 $36,906,181,381 $38,229,352,561
2010 $9,097,044,182 $8,601,291,930 $49,540,813,342 $41,912,536,386
2011 $9,789,361,705 $8,686,613,622 $59,977,326,086 $44,256,068,473
2012 $9,609,532,106 $9,042,989,790 $59,937,796,648 $47,501,220,127
2013 $10,796,782,634 $9,611,949,002 $60,269,732,855 $51,503,673,421
2014 $11,888,032,862 $10,345,449,266 $65,531,374,200 $55,711,475,876
2015 $11,340,795,033 $11,340,795,033 $59,607,290,408 $59,607,290,408
2016 $12,025,782,885 $11,803,240,820 $63,298,361,996 $63,101,751,663
2017 $14,161,366,733 $13,334,371,306 $66,053,040,483 $66,973,743,449
2018 $16,153,779,511 $14,292,992,132 $67,860,515,990 $71,172,235,146
2019 $16,337,793,531 $14,876,818,843 $75,065,106,228 $75,854,734,834
2020 $16,409,900,599 $14,377,204,308 $79,006,113,643 $68,991,135,074
2021 $19,723,563,355 $16,289,342,191 $66,345,291,160 $60,700,903,303
2022 $19,239,187,084 $16,984,786,096 $62,253,049,892 $63,151,698,289
2023 $22,210,718,401 $18,139,125,340 $66,757,619,000 $63,756,973,610
2024 $24,322,006,608 $19,221,900,877 $74,079,772,652 $63,137,226,235

Economic indicators

Malta Myanmar
Gross domestic product
$24.3B
2024
$74.1B
2024
GDP rank
120/197
2024
85/197
2024
GDP growth
9.51%
2023-2024
11%
2023-2024
GDP per capita
$42,347
2024
$1,359
2024
GDP per capita rank
28/197
2024
165/197
2024
GDP per capita, PPP
$67,364
2024
$5,997
2024
Government debt
$11.8B
2024
$45.4B
2024
Debt-to-GDP ratio
49.3%
2025
62.6%
2025
Government debt per person
$20,574
2024
$833
2024
Government debt per person rank
30/185
2024
146/185
2024
Average annual personal income after taxes
$21,451
2025
$1,798
2025
Market capitalization of domestic companies
$4.29B
2024
n/a
Income share by richest 10%
27.7%
2022
25.5%
2017
Income share by poorest 10%
2.7%
2022
3.8%
2017
Government expenditure, % of GDP
36.3%
2025
21.9%
2025
Consumer prices inflation
1.65%
2023-2024
8.83%
2018-2019
Unemployment rate
3.12%
2024
1.48%
2020
Population
583596
55119090

GDP per capita in Malta vs Myanmar

Malta's GDP per capita is $42,347, ranking 28/197, compared to $1,359 in Myanmar, ranking 165/197. Adjusted for purchasing power (GDP per capita PPP), Malta ranks 25th at $67,364, while Myanmar ranks 153rd at $5,997.

Malta
GDP per capita

GDP per capita, PPP
Myanmar
GDP per capita

GDP per capita, PPP
Year Current $
Malta Myanmar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $25.1 -
1961 - - $27.3 -
1962 - - $27.9 -
1963 - - $25.8 -
1964 - - $17.3 -
1965 - - $15.1 -
1966 - - $11.8 -
1967 - - $16.5 -
1968 - - $21.5 -
1969 - - $21.5 -
1970 $828 - $20.7 -
1971 $874 - $21.1 -
1972 $976 - $23.3 -
1973 $1,144 - $24.8 -
1974 $1,245 - $41.4 -
1975 $1,560 - $35.2 -
1976 $1,727 - $39.2 -
1977 $2,038 - $27.9 -
1978 $2,559 - $29.3 -
1979 $3,196 - $29.2 -
1980 $3,948 - $31.2 -
1981 $3,898 - $32.8 -
1982 $3,788 - $43 -
1983 $3,527 - $39.3 -
1984 $3,333 - $36.3 -
1985 $3,322 - $40.4 -
1986 $4,195 - $42.4 -
1987 $5,084 - $41.1 -
1988 $5,814 - $39.9 -
1989 $6,041 - $51.3 -
1990 $7,192 $10,079 $53.1 $441
1991 $7,559 $10,777 $51.2 $447
1992 $8,220 $11,421 $58.9 $494
1993 $7,296 $12,095 $76.2 $529
1994 $8,000 $12,929 $105.4 $573
1995 $9,828 $13,940 $124.1 $618
1996 $10,062 $14,655 $141.9 $661
1997 $9,893 $15,462 $108 $702
1998 $10,408 $16,218 $146 $742
1999 $10,609 $16,899 $189.5 $825
2000 $10,348 $18,211 $196.6 $949
2001 $10,358 $18,437 $141.5 $1,069
2002 $11,251 $19,532 $146.6 $1,204
2003 $13,594 $20,815 $224.3 $1,385
2004 $15,212 $21,569 $224.5 $1,601
2005 $15,831 $22,227 $252.7 $1,860
2006 $16,654 $23,224 $303 $2,153
2007 $19,444 $25,013 $419 $2,459
2008 $22,315 $26,654 $658 $2,748
2009 $21,176 $26,768 $758 $3,040
2010 $21,947 $28,912 $1,011 $3,348
2011 $23,517 $29,426 $1,214 $3,579
2012 $22,878 $30,716 $1,203 $3,845
2013 $25,416 $33,138 $1,199 $4,144
2014 $27,425 $35,206 $1,293 $4,376
2015 $25,530 $38,379 $1,167 $4,459
2016 $26,459 $40,999 $1,229 $4,460
2017 $30,317 $45,763 $1,273 $4,706
2018 $33,382 $48,177 $1,298 $5,581
2019 $32,422 $51,392 $1,426 $6,101
2020 $31,834 $49,988 $1,490 $5,741
2021 $38,065 $56,805 $1,243 $5,178
2022 $36,224 $60,489 $1,158 $5,732
2023 $40,182 $63,085 $1,233 $5,953
2024 $42,347 $67,364 $1,359 $5,997

Spending and national debt comparison

In 2024, Malta's government spending was $9.04B, accounting for 36.3% of its GDP, while Myanmar's spent $15.2B, or 21.9% of GDP.

Debt-to-GDP ratio is 49.3% in Malta and 62.6% in Myanmar, ranking 112/185 and 73/185, respectively.

Malta
Government spending

Government debt
Myanmar
Government spending

Government debt
Year % of GDP
Malta Myanmar
Government spending Government debt Government spending Government debt
1995 - 45.3% - -
1996 - 51.5% - -
1997 - 60.8% - -
1998 - 66.4% 25.2% 225.7%
1999 - 69.8% 22.8% 163.1%
2000 42.9% 64.4% 21.4% 178%
2001 44.4% 70% 19.1% 283.5%
2002 43.6% 65.1% 15.3% 206.3%
2003 45.6% 68.6% 14.3% 158%
2004 42% 70.4% 14.6% 137%
2005 42.5% 70.2% 14.6% 128.7%
2006 42.5% 64.5% 15.6% 111.5%
2007 41.2% 62% 15.7% 83.7%
2008 42.1% 61.5% 14.4% 64.7%
2009 41.1% 66% 14.4% 61%
2010 40.1% 65% 15.8% 58.8%
2011 41.5% 68.9% 15.6% 54%
2012 41.7% 65.6% 20% 51.9%
2013 40.1% 64.9% 23.9% 48.5%
2014 39.6% 60.7% 24.7% 37.3%
2015 37.8% 55% 23.7% 38.4%
2016 35.5% 53.1% 21.3% 35.7%
2017 32.7% 45.6% 19.7% 41.9%
2018 34.5% 41.4% 18.7% 38.7%
2019 34.9% 39.2% 20.5% 38.3%
2020 42.1% 48.6% 21.2% 48.7%
2021 39.5% 49.6% 20.6% 59.2%
2022 37.7% 49.3% 21.2% 55.6%
2023 36.5% 47.7% 21.2% 57.9%
2024 37.2% 48.6% 20.5% 61.3%
2025 36.3% 49.3% 21.9% 62.6%

Government deficit by year

In 2024, Malta's government deficit, the difference between spending and revenue, was -$922M, equivalent to -3.79% of GDP. This compares to Myanmar's deficit of -$3.94B, or -5.32% of GDP.

Over the past 25 years, Malta recorded a fiscal deficit in 21 of those years, while Myanmar ran a deficit in 25 years. On average, Malta posted an annual deficit equal to -3.24% of GDP, compared to deficit of -3.9% of GDP for Myanmar.

Deficit/surplus
Malta

Myanmar
Year Deficit/surplus, % of GDP
Malta Myanmar
1998 - -4.89%
1999 - -4.46%
2000 -5.83% -6.03%
2001 -6.5% -6.34%
2002 -5.62% -4.01%
2003 -9.04% -4.24%
2004 -4.28% -4.62%
2005 -2.83% -3.49%
2006 -2.46% -3.42%
2007 -2.05% -3.52%
2008 -4.06% -2.73%
2009 -3.11% -3.55%
2010 -2.22% -5.4%
2011 -2.99% -4.82%
2012 -3.31% -2.7%
2013 -2.19% -1.53%
2014 -1.49% -1.06%
2015 -0.84% -4.33%
2016 1.1% -2.53%
2017 3.4% -3.42%
2018 1.86% -2.77%
2019 0.72% -4.7%
2020 -8.72% -6.56%
2021 -6.96% -2.53%
2022 -5.22% -2.78%
2023 -4.58% -5.22%
2024 -3.79% -5.32%
2025 -3.35% -5.71%

Inflation comparison by year

Over the past 24 years, Malta has recorded an average annual inflation rate of 2.04%, compared with 16.2% in Myanmar. In 2019, inflation was 1.65% in Malta and 8.83% in Myanmar.

Inflation
Malta

Myanmar
Year Inflation
Malta Myanmar Malta Myanmar
1996 2.05% 16.3%
1997 3.11% 29.7%
1998 2.39% 51.5%
1999 2.13% 18.4%
2000 2.37% -0.11%
2001 2.93% 21.1%
2002 2.19% 57.1%
2003 1.3% 36.6%
2004 2.79% 4.53%
2005 3.01% 9.37%
2006 2.77% 20%
2007 1.25% 35%
2008 4.26% 26.8%
2009 2.08% 1.47%
2010 1.52% 7.72%
2011 2.96% 5.02%
2012 2.38% 1.47%
2013 1.18% 5.64%
2014 0.31% 4.95%
2015 1.1% 9.45%
2016 0.64% 6.93%
2017 1.36% 4.57%
2018 1.16% 6.87%
2019 1.64% 8.83%
2020 0.64% -
2021 1.5% -
2022 6.15% -
2023 5.09% -
2024 1.65% -

Top exports between countries

Malta
Export category Export value
Processed food, beverages & tobacco $26K
Chemicals & pharma $6K
Myanmar
Export category Export value
Wood & paper products $85K
Processed food, beverages & tobacco $6K
Miscellaneous $1K

Balance of trade

Malta Myanmar
Current account balance
$1.38B
2024
$67.7M
2019
Current account balance ranking
51/189
2024
70/189
2019
Current account balance, % of GDP
+5.69%
2024
+0.09%
2019
Goods imports
$7.31B
2024
$13.7B
2019
Goods exports
$4.58B
2024
$10.8B
2019
Service imports
$17.2B
2024
$3.66B
2019
Service exports
$24.7B
2024
$6.68B
2019
Imports of goods and services, % of GDP
106.1%
2024
n/a
Exports of goods and services, % of GDP
123.5%
2024
24.3%
2025

Economic freedom indices

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

Malta Myanmar
Economic freedom 66.8 43.7
Economic freedom ranking 54/197 182/197
Property rights 86.2 17.3
Government integrity 55 18.7
Judicial effectiveness 81.5 4.2
Tax burden 70 88.6
Government spending 57.5 84
Fiscal health 44.8 39.9
Business freedom 80.7 39.9
Labor freedom 65.2 53.2
Monetary freedom 70.5 59.7
Trade freedom 79.6 68.6
Investment freedom 60 30
Financial freedom 50 20

Economic freedom by year comparison

The Economic Freedom Index for Malta is 66.8, ranking 54/197, compared to 43.7 for Myanmar, ranking 182/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Malta
Myanmar
Year Economic freedom index
Malta Myanmar
1995 56.3 -
1996 55.8 45.1
1997 57.9 45.4
1998 61.2 45.7
1999 59.3 46.4
2000 58.3 47.9
2001 62.9 46.1
2002 62.2 45.5
2003 61.1 44.9
2004 63.3 43.6
2005 68.9 40.5
2006 67.3 40
2007 66.1 41
2008 66 39.5
2009 66.1 37.7
2010 67.2 36.7
2011 65.7 37.8
2012 67 38.7
2013 67.5 39.2
2014 66.4 46.5
2015 66.5 46.9
2016 66.7 48.7
2017 67.7 52.5
2018 68.5 53.9
2019 68.6 53.6
2020 69.5 54
2021 70.2 55.2
2022 71.5 49.6
2023 67.5 46.5
2024 64.5 42.2
2025 66.8 43.7

More economic indicators

Malta Myanmar
Services, % of GDP
80.8%
2024
41.4%
2024
Industry, % of GDP
11.4%
2024
37.8%
2024
Agriculture, forestry, and fishing, % of GDP
0.21%
2024
20.8%
2024
GNI, Atlas method
$19.9B
2024
$66.3B
2024
GNI per capita, PPP
$57,860
2024
$5,920
2024
Total reserves including gold
$1.42B
2024
$9.34B
2023
Total reserves ranking
137/177
2024
81/177
2023
Net foreign direct investment
-$11.6B
2024
-$1.74B
2019
Net inflows of foreign direct investment
$42.5B
2024
$1.1B
2024
Net outflows of foreign direct investment
$30.9B
2024
$0
1989
Servicing debt to the IMF, % of GNI
n/a
1.39%
2023
Poverty at national poverty lines
16.7%
2021
24.8%
2017
Gross capital formation, % of GDP
18.8%
2024
n/a

GDP per capita map

GDP per capita

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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.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

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.