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Economy of Malta vs North Korea compared: GDP & Debt

Updated on by Georank team

Malta has a GDP of $25B compared to $34.9B for North Korea, ranking 119/197 and 106/197 by economy size, respectively.

Malta vs North Korea GDP by year

Malta
North Korea
1x
Year GDP, current $
Malta North Korea
2024 $24,971,574,502 $34,943,120,000
2023 $22,610,561,526 $32,155,360,000
2022 $18,928,276,162 $28,971,360,000
2021 $19,739,875,611 $32,301,720,000
2020 $16,404,663,226 $27,728,240,000
2019 $16,337,793,531 $28,222,880,000
2018 $16,153,779,511 $28,536,400,000
2017 $14,161,366,724 $29,105,440,000
2016 $12,025,782,834 $28,882,640,000
2015 $11,340,795,042 $30,723,030,000
2014 $11,888,032,874 $30,554,460,000
2013 $10,796,782,636 $30,588,922,000
2012 $9,609,532,089 $29,890,710,000
2011 $9,789,361,703 $29,005,020,000
2010 $9,097,044,159 $25,995,513,000
2009 $8,734,745,698 $23,356,470,000
2008 $9,135,419,465 -
2007 $7,908,412,306 -
2006 $6,749,838,806 -
2005 $6,393,234,993 -
2004 $6,104,141,520 -
2003 $5,418,315,224 -
2002 $4,455,127,414 -
2001 $4,070,867,133 -
2000 $4,036,809,815 -
1999 $4,111,857,809 -
1998 $4,010,111,688 -
1997 $3,787,023,707 -
1996 $3,822,547,197 -
1995 $3,709,396,045 -
1994 $2,998,505,428 -
1993 $2,709,193,538 -
1992 $3,021,942,759 -
1991 $2,750,216,747 -
1990 $2,547,328,748 -
1989 $2,118,655,677 -
1988 $2,019,503,068 -
1987 $1,751,293,461 -
1986 $1,435,038,441 -
1985 $1,117,797,439 -
1984 $1,101,807,023 -
1983 $1,165,729,707 -
1982 $1,234,474,404 -
1981 $1,243,509,394 -
1980 $1,250,198,601 -
1979 $1,001,288,847 -
1978 $793,673,402 -
1977 $625,563,171 -
1976 $527,936,989 -
1975 $474,618,321 -
1974 $376,081,124 -
1973 $345,616,106 -
1972 $295,106,628 -
1971 $264,578,485 -
1970 $250,728,796 -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

GeoRank.org/economy/malta/north-korea | CC BY

GDP per capita in Malta vs North Korea by year

Malta
GDP per capita

GDP per capita, PPP
North Korea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Malta North Korea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $43,899 $69,864 $1,319 -
2023 $40,906 $67,057 $1,217 -
2022 $35,639 $60,589 $1,100 -
2021 $38,097 $56,852 $1,231 -
2020 $31,823 $49,972 $1,061 -
2019 $32,422 $51,393 $1,084 -
2018 $33,382 $48,178 $1,100 -
2017 $30,317 $45,764 $1,127 -
2016 $26,459 $41,000 $1,124 -
2015 $25,530 $38,369 $1,201 $1,700
2014 $27,425 $35,206 $1,201 $1,800
2013 $25,416 $33,138 $1,208 -
2012 $22,878 $30,716 $1,186 -
2011 $23,517 $29,426 $1,156 $1,800
2010 $21,947 $28,909 $1,040 -
2009 $21,176 $26,782 $939 $1,800
2008 $22,315 $26,654 - $1,800
2007 $19,444 $25,012 - $1,700
2006 $16,654 $23,219 - $1,800
2005 $15,831 $22,227 - $1,700
2004 $15,212 $21,566 - $1,700
2003 $13,594 $20,813 - $1,300
2002 $11,251 $19,532 - $1,000
2001 $10,358 $18,435 - -
2000 $10,348 $18,214 - $1,000
1999 $10,609 $16,898 - $1,000
1998 $10,408 $16,219 - -
1997 $9,893 $15,465 - -
1996 $10,062 $14,661 - -
1995 $9,828 $13,950 - -
1994 $8,000 $12,938 - -
1993 $7,296 $12,103 - -
1992 $8,220 $11,429 - -
1991 $7,559 $10,784 - -
1990 $7,192 $10,086 - -
1989 $6,041 - - -
1988 $5,814 - - -
1987 $5,084 - - -
1986 $4,195 - - -
1985 $3,322 - - -
1984 $3,333 - - -
1983 $3,527 - - -
1982 $3,788 - - -
1981 $3,898 - - -
1980 $3,948 - - -
1979 $3,196 - - -
1978 $2,559 - - -
1977 $2,038 - - -
1976 $1,727 - - -
1975 $1,560 - - -
1974 $1,245 - - -
1973 $1,144 - - -
1972 $976 - - -
1971 $874 - - -
1970 $828 - - -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06); Central Intelligence Agency (CIA) (1999–2015, retrieved 2026-02-20).

GeoRank.org/economy/malta/north-korea | CC BY

Malta's GDP per capita is $43,899, ranking 28/197, compared to $1,319 in North Korea, ranking 168/197. Adjusted for purchasing power (GDP per capita PPP), Malta ranks 25th at $69,864, while North Korea ranks 193rd at $1,700.

Economic indicators

Malta North Korea
Gross domestic product
$25B
2024
$34.9B
2024
GDP rank
119/197
2024
106/197
2024
GDP growth
6.8%
2023-2024
n/a
GDP per capita
$43,899
2024
$1,319
2024
GDP per capita rank
28/197
2024
168/197
2024
GDP per capita, PPP
$69,864
2024
$1,700
2015
GDP per capita PPP rank
25/197
2024
193/197
2015
Government debt
$11.5B
2024
n/a
Debt-to-GDP ratio
46.2%
2024
n/a
Government debt per person
$20,269
2024
n/a
Government debt per person rank
31/185
2024
n/a
Average annual personal income after taxes
$23,692
2026
$1,426
2026
Market capitalization of domestic companies
$4.29B
2024
n/a
Income share by richest 10%
27.7%
2022
n/a
Income share by poorest 10%
2.7%
2022
n/a
Government expenditure, % of GDP
37.3%
2024
n/a
Consumer prices inflation
1.65%
2023-2024
n/a
Unemployment rate
3.12%
2024
25.6%
2013
Population
581729
26659144

Balance of trade

Malta North Korea
Current account balance
$1.78B
2024
n/a
Current account balance ranking
47/190
2024
n/a
Current account balance, % of GDP
+7.12%
2024
n/a
Goods imports
$7.56B
2024
n/a
Goods exports
$4.58B
2024
n/a
Service imports
$17.4B
2024
n/a
Service exports
$25B
2024
n/a
Imports of goods and services, % of GDP
99.7%
2024
n/a
Exports of goods and services, % of GDP
118.5%
2024
n/a

Economic freedom indices

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

Malta North Korea
Economic freedom 68.2 3.1
Economic freedom ranking 49/197 197/197
Property rights 85.5 16.3
Government integrity 54.3 4.3
Judicial effectiveness 80.2 6.3
Tax burden 68.5 0
Government spending 58.4 0
Fiscal health 63.2 0
Business freedom 83.2 5
Labor freedom 62.6 5
Monetary freedom 73.1 0
Trade freedom 79.4 0
Investment freedom 60 0
Financial freedom 50 0

Economic freedom comparison by year

Malta
North Korea
1x
Year Economic freedom index
Malta North Korea
2026 68.2 3.1
2025 66.8 3
2024 64.5 2.9
2023 67.5 2.9
2022 71.5 3
2021 70.2 5.2
2020 69.5 4.2
2019 68.6 5.9
2018 68.5 5.8
2017 67.7 4.9
2016 66.7 2.3
2015 66.5 1.3
2014 66.4 1
2013 67.5 1.5
2012 67 1
2011 65.7 1
2010 67.2 1
2009 66.1 2
2008 66 3
2007 66.1 3
2006 67.3 4
2005 68.9 8
2004 63.3 8.9
2003 61.1 8.9
2002 62.2 8.9
2001 62.9 8.9
2000 58.3 8.9
1999 59.3 8.9
1998 61.2 8.9
1997 57.9 8.9
1996 55.8 8.9
1995 56.3 8.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/malta/north-korea | CC BY

The Economic Freedom Index for Malta is 68.2, ranking 49/197, compared to 3.1 for North Korea, ranking 197/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Malta North Korea
Services, % of GDP
81.8%
2024
n/a
Industry, % of GDP
10.7%
2024
n/a
Agriculture, forestry, and fishing, % of GDP
0.23%
2024
n/a
GNI, Atlas method
$20.9B
2024
n/a
GNI per capita, PPP
$61,340
2024
n/a
Total reserves including gold
$1.42B
2024
n/a
Total reserves ranking
137/177
2024
n/a
Net foreign direct investment
-$6.13B
2024
n/a
Net inflows of foreign direct investment
$42.6B
2024
$203K
1989
Net outflows of foreign direct investment
$36.5B
2024
$0
2024
Poverty at national poverty lines
16.7%
2021
n/a
Gross capital formation, % of GDP
19%
2024
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/malta/north-korea | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06)
  2. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  3. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  4. Central Intelligence Agency (CIA) (1999–2015, retrieved 2026-02-20)
  5. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.