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Economy of Malta vs Oman compared: GDP & Debt

Updated on by Georank team

Malta has a GDP of $25B compared to $107B for Oman, ranking 119/197 and 70/197 by economy size, respectively.

Malta has $11.5B in government debt (46.2% of GDP), compared to $38B (35.5% of GDP) in Oman.

Malta vs Oman GDP by year

Malta
Oman
1x
Year GDP, current $
Malta Oman
2024 $24,971,574,502 $107,137,198,769
2023 $22,610,561,526 $106,174,708,037
2022 $18,928,276,162 $109,852,795,839
2021 $19,739,875,611 $87,323,797,139
2020 $16,404,663,226 $75,909,492,848
2019 $16,337,793,531 $88,060,858,257
2018 $16,153,779,511 $91,505,851,756
2017 $14,161,366,724 $80,856,697,009
2016 $12,025,782,834 $75,128,738,622
2015 $11,340,795,042 $78,710,793,238
2014 $11,888,032,874 $92,699,089,727
2013 $10,796,782,636 $89,936,020,806
2012 $9,609,532,089 $87,408,842,653
2011 $9,789,361,703 $77,497,529,259
2010 $9,097,044,159 $64,993,498,049
2009 $8,734,745,698 $55,454,096,229
2008 $9,135,419,465 $69,804,681,404
2007 $7,908,412,306 $48,300,390,117
2006 $6,749,838,806 $42,577,633,290
2005 $6,393,234,993 $35,506,892,068
2004 $6,104,141,520 $28,378,933,680
2003 $5,418,315,224 $24,733,680,104
2002 $4,455,127,414 $23,065,539,662
2001 $4,070,867,133 $22,205,721,717
2000 $4,036,809,815 $22,259,557,867
1999 $4,111,857,809 $17,832,769,831
1998 $4,010,111,688 $16,044,213,264
1997 $3,787,023,707 $18,039,791,938
1996 $3,822,547,197 $17,402,080,624
1995 $3,709,396,045 $15,722,236,671
1994 $2,998,505,428 $14,715,214,564
1993 $2,709,193,538 $14,230,429,129
1992 $3,021,942,759 $14,183,615,085
1991 $2,750,216,747 $12,918,335,501
1990 $2,547,328,748 $13,310,273,082
1989 $2,118,655,677 $9,372,171,651
1988 $2,019,503,068 $8,386,215,865
1987 $1,751,293,461 $7,811,183,095
1986 $1,435,038,441 $7,324,167,369
1985 $1,117,797,439 $10,005,645,420
1984 $1,101,807,023 $8,821,443,151
1983 $1,165,729,707 $7,932,541,691
1982 $1,234,474,404 $7,554,719,456
1981 $1,243,509,394 $7,259,120,151
1980 $1,250,198,601 $5,981,760,278
1979 $1,001,288,847 $3,733,352,635
1978 $793,673,402 $2,740,301,390
1977 $625,563,171 $2,741,169,948
1976 $527,936,989 $2,560,220,035
1975 $474,618,321 $2,096,699,189
1974 $376,081,124 $1,645,917,776
1973 $345,616,106 $483,066,991
1972 $295,106,628 $366,883,548
1971 $264,578,485 $301,010,587
1970 $250,728,796 $256,319,795
1969 - $239,999,808
1968 - $188,879,849
1967 - $107,151,832
1966 - $67,759,973
1965 - $63,279,975
1964 - $61,872,526
1963 - $59,912,763
1962 - $56,273,202
1961 - $45,634,487
1960 - $44,234,656

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Malta vs Oman by year

Malta
GDP per capita

GDP per capita, PPP
Oman
GDP per capita

GDP per capita, PPP
1x
Year Current $
Malta Oman
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $43,899 $69,864 $20,285 $41,740
2023 $40,906 $67,057 $21,028 $41,945
2022 $35,639 $60,589 $23,224 $42,616
2021 $38,097 $56,852 $19,403 $38,719
2020 $31,823 $49,972 $16,785 $35,163
2019 $32,422 $51,393 $19,180 $37,251
2018 $33,382 $48,178 $19,902 $37,780
2017 $30,317 $45,764 $17,820 $33,619
2016 $26,459 $41,000 $17,110 $33,334
2015 $25,530 $38,369 $18,808 $36,058
2014 $27,425 $35,206 $23,161 $44,236
2013 $25,416 $33,138 $23,458 $47,013
2012 $22,878 $30,716 $24,642 $49,989
2011 $23,517 $29,426 $25,188 $52,393
2010 $21,947 $28,909 $23,570 $55,667
2009 $21,176 $26,782 $20,656 $55,127
2008 $22,315 $26,654 $26,577 $52,841
2007 $19,444 $25,012 $18,793 $48,627
2006 $16,654 $23,219 $16,931 $46,091
2005 $15,831 $22,227 $14,435 $43,673
2004 $15,212 $21,566 $11,801 $42,142
2003 $13,594 $20,813 $10,464 $40,935
2002 $11,251 $19,532 $9,869 $41,511
2001 $10,358 $18,435 $9,612 $41,679
2000 $10,348 $18,214 $9,754 $39,443
1999 $10,609 $16,898 $7,915 $36,792
1998 $10,408 $16,219 $7,219 $36,666
1997 $9,893 $15,465 $8,235 $36,809
1996 $10,062 $14,661 $8,068 $34,661
1995 $9,828 $13,950 $7,414 $33,598
1994 $8,000 $12,938 $7,068 $31,925
1993 $7,296 $12,103 $7,039 $30,987
1992 $8,220 $11,429 $7,318 $29,773
1991 $7,559 $10,784 $6,977 $28,109
1990 $7,192 $10,086 $7,546 $26,904
1989 $6,041 - $5,591 -
1988 $5,814 - $5,279 -
1987 $5,084 - $5,204 -
1986 $4,195 - $5,182 -
1985 $3,322 - $7,549 -
1984 $3,333 - $7,070 -
1983 $3,527 - $6,714 -
1982 $3,788 - $6,759 -
1981 $3,898 - $6,866 -
1980 $3,948 - $5,974 -
1979 $3,196 - $3,934 -
1978 $2,559 - $3,044 -
1977 $2,038 - $3,205 -
1976 $1,727 - $3,143 -
1975 $1,560 - $2,692 -
1974 $1,245 - $2,203 -
1973 $1,144 - $670 -
1972 $976 - $524 -
1971 $874 - $442 -
1970 $828 - $387 -
1969 - - $372 -
1968 - - $300 -
1967 - - $174.7 -
1966 - - $113.2 -
1965 - - $108.1 -
1964 - - $108.1 -
1963 - - $106.8 -
1962 - - $102.3 -
1961 - - $84.5 -
1960 - - $83.4 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Malta's GDP per capita is $43,899, ranking 28/197, compared to $20,285 in Oman, ranking 57/197. Adjusted for purchasing power (GDP per capita PPP), Malta ranks 25th at $69,864, while Oman ranks 55th at $41,740.

Economic indicators

Malta Oman
Gross domestic product
$25B
2024
$107B
2024
GDP rank
119/197
2024
70/197
2024
GDP growth
6.8%
2023-2024
1.63%
2023-2024
GDP per capita
$43,899
2024
$20,285
2024
GDP per capita rank
28/197
2024
57/197
2024
GDP per capita, PPP
$69,864
2024
$41,740
2024
GDP per capita PPP rank
25/197
2024
55/197
2024
Government debt
$11.5B
2024
$38B
2024
Debt-to-GDP ratio
46.2%
2024
35.5%
2024
Government debt per person
$20,269
2024
$7,204
2024
Government debt per person rank
31/185
2024
67/185
2024
Average annual personal income after taxes
$23,692
2026
$20,894
2026
Market capitalization of domestic companies
$4.29B
2024
$22.3B
2022
Number of billionaires n/a
2
2025
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
28.7%
2024
Consumer prices inflation
1.65%
2023-2024
0.6%
2023-2024
Central bank interest rate n/a
4.5%
2025
Unemployment rate
3.12%
2024
3.3%
2024
Population
581729
5761708

Spending and national debt comparison by year

Malta
Spending

Debt
Oman
Spending

Debt
1x
Year % of GDP
Malta Oman
Government spending Government debt Government spending Government debt
2024 37.3% 46.2% 28.7% 35.5%
2023 36.1% 46.8% 27.5% 37.5%
2022 38.3% 50.1% 30.9% 41.7%
2021 39.4% 49.6% 36.5% 61.9%
2020 42.1% 48.6% 44.5% 67.9%
2019 34.9% 39.2% 38.8% 52.5%
2018 34.5% 41.4% 38.3% 44.7%
2017 32.7% 45.6% 39.4% 40.1%
2016 35.5% 53.1% 44.6% 29.3%
2015 37.8% 55% 44.5% 13.9%
2014 39.6% 60.7% 41.4% 4.04%
2013 40.1% 64.9% 39.3% 4.66%
2012 41.7% 65.6% 38.6% 4.59%
2011 41.5% 68.9% 34.5% 4.44%
2010 40.1% 65% 30.6% 5.46%
2009 41.1% 66% 33.4% 5.8%
2008 42.1% 61.5% 25.6% 3.2%
2007 41.2% 62% 30.7% 4.44%
2006 42.5% 64.5% 30.1% 7.56%
2005 42.5% 70.2% 30.6% 8.39%
2004 42% 70.4% 34.1% 14.5%
2003 45.6% 68.6% 34% 13%
2002 43.6% 65.1% 34.1% 15.9%
2001 44.4% 70% 33.3% 22.5%
2000 42.9% 64.4% 31.2% 21.7%
1999 - 69.8% 34.2% 28.9%
1998 - 66.4% 36.1% 30.9%
1997 - 60.8% 32.1% 20.8%
1996 - 51.5% 33.5% 21.2%
1995 - 45.3% 38.2% 21.9%
1994 - - 39.7% 23.6%
1993 - - 40.1% 22.2%
1992 - - 40.1% 23.1%
1991 - - 37.4% 22.6%
1990 - - 36.5% 17.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Malta's government spending was $9.32B, accounting for 37.3% of its GDP, while Oman spent $30.7B, or 28.7% of GDP.

Debt-to-GDP ratio is 46.2% in Malta and 35.5% in Oman, ranking 118/185 and 145/185, respectively.

Government deficit by year

Deficit/surplus
Malta

Oman
1x
Year Deficit/surplus, % of GDP
Malta Oman
2024 -3.58% 3.31%
2023 -4.65% 6.87%
2022 -5.31% 10.5%
2021 -6.95% -3.17%
2020 -8.72% -15.7%
2019 0.72% -4.83%
2018 1.86% -6.72%
2017 3.4% -10.5%
2016 1.1% -19.6%
2015 -0.84% -13.5%
2014 -1.49% -1.58%
2013 -2.19% 2.78%
2012 -3.31% 4.07%
2011 -2.99% 8.24%
2010 -2.22% 4.95%
2009 -3.11% -0.27%
2008 -4.06% 14.7%
2007 -2.05% 10.5%
2006 -2.46% 12.2%
2005 -2.83% 11.2%
2004 -4.28% 5.43%
2003 -9.04% 5.92%
2002 -5.62% 5.31%
2001 -6.5% 7.55%
2000 -5.83% 12.2%
1999 - 0.3%
1998 - -4.37%
1997 - 4.77%
1996 - 2.22%
1995 - -3.9%
1994 - -7.47%
1993 - -6.84%
1992 - -4.85%
1991 - 0.12%
1990 - 4.78%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Malta's government deficit, the difference between spending and revenue, was $893M, equivalent to 3.58% of GDP. This compares to Oman's surplus of $3.54B, or 3.31% of GDP.

Over the past 25 years, Malta recorded a fiscal deficit in 21 of those years, while Oman ran a deficit in 9 years. On average, Malta posted an annual deficit equal to 3.24% of GDP, compared to surplus of 2% of GDP for Oman.

Inflation comparison by year

Inflation
Malta

Oman
1x
Year Consumer prices inflation
Malta Oman
2024 1.65% 0.6%
2023 5.09% 1%
2022 6.15% 2.5%
2021 1.5% 1.7%
2020 0.64% -0.4%
2019 1.64% 0.5%
2018 1.16% 0.7%
2017 1.36% 1.5%
2016 0.64% 0.9%
2015 1.1% 0.1%
2014 0.31% 1.2%
2013 1.18% 1.3%
2012 2.38% 2.9%
2011 2.96% 4.1%
2010 1.52% 3.3%
2009 2.08% 3.5%
2008 4.26% 12.6%
2007 1.25% 5.9%
2006 2.77% 3.2%
2005 3.01% 1.9%
2004 2.79% 0.8%
2003 1.3% 0.2%
2002 2.19% -0.3%
2001 2.93% -0.8%
2000 2.37% -1.2%
1999 2.13% 0.5%
1998 2.39% 0.4%
1997 3.11% -0.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Malta has recorded an average annual inflation rate of 2.21%, compared with 1.72% in Oman. In 2024, inflation was 1.65% in Malta and 0.6% in Oman.

Top exports between countries

Malta
Export category Export value
Processed food, beverages & tobacco $4.75M
Chemicals & pharma $1.06M
Machinery & equipment $586K
Raw agricultural goods $187K
Wood & paper products $23K
Metals $12K
Oman
Export category Export value
Chemicals & pharma $1.1M
Textiles & consumer goods $615K
Machinery & equipment $26K
Raw materials & minerals $19K
Wood & paper products $19K
Metals $11K
Processed food, beverages & tobacco $6K
Animal & marine products $4K
Miscellaneous $2K
Raw agricultural goods $2K

Balance of trade

Malta Oman
Current account balance
$1.78B
2024
$3.07B
2024
Current account balance ranking
47/190
2024
39/190
2024
Current account balance, % of GDP
+7.12%
2024
+2.86%
2024
Goods imports
$7.56B
2024
$39.5B
2024
Goods exports
$4.58B
2024
$65.2B
2024
Service imports
$17.4B
2024
$12.8B
2024
Service exports
$25B
2024
$5.64B
2024
Imports of goods and services, % of GDP
99.7%
2024
48.8%
2024
Exports of goods and services, % of GDP
118.5%
2024
66.1%
2024

Economic freedom indices

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

Malta Oman
Economic freedom 68.2 68.5
Economic freedom ranking 49/197 45/197
Property rights 85.5 71.8
Government integrity 54.3 49.4
Judicial effectiveness 80.2 28
Tax burden 68.5 97.6
Government spending 58.4 74.7
Fiscal health 63.2 97.5
Business freedom 83.2 67.8
Labor freedom 62.6 47.7
Monetary freedom 73.1 79.2
Trade freedom 79.4 78.4
Investment freedom 60 70
Financial freedom 50 60

Economic freedom comparison by year

Malta
Oman
1x
Year Economic freedom index
Malta Oman
2026 68.2 68.5
2025 66.8 65.4
2024 64.5 62.9
2023 67.5 58.5
2022 71.5 56.6
2021 70.2 64.6
2020 69.5 63.6
2019 68.6 61
2018 68.5 61
2017 67.7 62.1
2016 66.7 67.1
2015 66.5 66.7
2014 66.4 67.4
2013 67.5 68.1
2012 67 67.9
2011 65.7 69.8
2010 67.2 67.7
2009 66.1 67
2008 66 67.3
2007 66.1 65.8
2006 67.3 63.7
2005 68.9 66.5
2004 63.3 66.9
2003 61.1 64.6
2002 62.2 64
2001 62.9 67.7
2000 58.3 64.1
1999 59.3 64.9
1998 61.2 64.9
1997 57.9 64.5
1996 55.8 65.4
1995 56.3 70.2

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

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

The Economic Freedom Index for Malta is 68.2, ranking 49/197, compared to 68.5 for Oman, ranking 45/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Malta Oman
Services, % of GDP
81.8%
2024
46%
2024
Industry, % of GDP
10.7%
2024
54.2%
2024
Agriculture, forestry, and fishing, % of GDP
0.23%
2024
2.6%
2024
GNI, Atlas method
$20.9B
2024
$103B
2024
GNI per capita, PPP
$61,340
2024
$39,340
2024
Total reserves including gold
$1.42B
2024
$18.3B
2024
Total reserves ranking
137/177
2024
64/177
2024
Net foreign direct investment
-$6.13B
2024
-$12.6B
2024
Net inflows of foreign direct investment
$42.6B
2024
$12.5B
2024
Net outflows of foreign direct investment
$36.5B
2024
-$143M
2024
Poverty at national poverty lines
16.7%
2021
n/a
Gross capital formation, % of GDP
19%
2024
24.8%
2024

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/oman | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2022–2024, retrieved 2026-02-08)
  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.