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Economy of Malta vs Qatar compared: GDP & Debt

Updated on by Georank

Malta has a GDP of $27.8B compared to $216B for Qatar, ranking 118/197 and 56/197 by economy size, respectively.

Malta has $13B in government debt (46.8% of GDP), compared to $89.2B (41.4% of GDP) in Qatar.

Malta vs Qatar GDP by year

Malta
Qatar
1x
Year GDP, current $
Malta Qatar
2025 $27,771,821,561 $215,559,615,385
2024 $25,042,712,191 $216,294,505,495
2023 $22,625,329,776 $213,002,809,341
2022 $18,938,869,147 $235,709,325,714
2021 $19,730,119,031 $179,732,009,560
2020 $16,404,655,808 $144,411,363,352
2019 $16,337,788,881 $176,371,267,692
2018 $16,153,785,817 $183,334,953,819
2017 $14,161,374,599 $161,099,122,225
2016 $12,025,777,078 $151,732,181,868
2015 $11,340,789,706 $161,739,955,577
2014 $11,888,029,752 $206,224,598,571
2013 $10,796,780,874 $198,727,642,967
2012 $9,609,530,619 $186,833,502,363
2011 $9,789,363,086 $167,775,274,725
2010 $9,097,044,301 $125,122,252,747
2009 $8,769,897,418 $97,798,351,648
2008 $9,172,399,573 $115,269,780,220
2007 $7,908,412,374 $79,711,813,187
2006 $6,749,838,862 $60,882,142,857
2005 $6,393,234,965 $44,530,494,505
2004 $6,104,141,501 $31,734,065,934
2003 $5,418,315,225 $23,533,791,209
2002 $4,455,127,398 $19,363,736,264
2001 $4,070,867,153 $17,538,461,538
2000 $4,036,809,767 $17,759,890,110
1999 $4,111,857,836 $12,393,131,868
1998 $4,010,111,652 $10,255,494,505
1997 $3,787,023,655 $11,297,802,198
1996 $3,822,547,151 $9,059,340,659
1995 $3,709,396,089 $8,137,912,088
1994 $2,998,505,428 $7,374,450,549
1993 $2,709,193,538 $7,156,593,407
1992 $3,021,942,759 $7,646,153,846
1991 $2,750,216,747 $6,883,516,484
1990 $2,547,328,748 $7,360,439,560
1989 $2,118,655,677 $6,487,912,088
1988 $2,019,503,068 $6,038,186,813
1987 $1,751,293,461 $5,446,428,571
1986 $1,435,038,441 $5,053,021,978
1985 $1,117,797,439 $6,153,296,703
1984 $1,101,807,023 $6,870,329,670
1983 $1,165,729,707 $6,484,890,110
1982 $1,234,474,404 $7,611,263,736
1981 $1,243,509,394 $8,672,527,473
1980 $1,250,198,601 $7,837,915,956
1979 $1,001,288,847 $5,632,962,997
1978 $793,673,402 $4,052,000,413
1977 $625,563,171 $3,617,564,638
1976 $527,936,989 $3,284,273,987
1975 $474,618,321 $2,512,773,166
1974 $376,081,124 $2,401,403,227
1973 $345,616,106 $793,885,560
1972 $295,106,628 $510,262,500
1971 $264,578,485 $387,703,106
1970 $250,728,796 $301,791,302

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

GDP per capita in Malta vs Qatar by year

Malta
GDP per capita

GDP per capita, PPP
Qatar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Malta Qatar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $47,907 - $72,525 -
2024 $44,024 $69,864 $75,685 $126,046
2023 $40,933 $67,057 $80,196 $129,368
2022 $35,659 $60,589 $88,701 $122,921
2021 $38,078 $56,852 $71,752 $116,833
2020 $31,823 $49,972 $51,684 $82,149
2019 $32,422 $51,393 $66,841 $107,503
2018 $33,382 $48,178 $71,040 $110,033
2017 $30,317 $45,764 $63,280 $99,358
2016 $26,459 $41,000 $61,254 $89,935
2015 $25,530 $38,369 $68,985 $102,546
2014 $27,425 $35,206 $95,841 $148,389
2013 $25,416 $33,138 $103,697 $169,203
2012 $22,878 $30,716 $108,470 $180,939
2011 $23,517 $29,426 $103,262 $174,620
2010 $21,947 $28,909 $77,387 $151,646
2009 $21,262 $26,782 $60,786 $125,898
2008 $22,406 $26,654 $80,781 $126,015
2007 $19,444 $25,012 $65,954 $124,056
2006 $16,654 $23,219 $62,582 $127,181
2005 $15,831 $22,227 $53,950 $115,250
2004 $15,212 $21,566 $41,036 $110,958
2003 $13,594 $20,813 $31,602 $94,120
2002 $11,251 $19,532 $27,227 $93,177
2001 $10,358 $18,435 $25,871 $89,805
2000 $10,348 $18,214 $27,535 $88,849
1999 $10,609 $16,898 $20,234 $84,690
1998 $10,408 $16,219 $17,665 $84,486
1997 $9,893 $15,465 $20,523 $79,219
1996 $10,062 $14,661 $17,125 $62,331
1995 $9,828 $13,950 $15,823 $60,321
1994 $8,000 $12,938 $14,765 $59,415
1993 $7,296 $12,103 $14,770 $59,125
1992 $8,220 $11,429 $16,280 $60,387
1991 $7,559 $10,784 $15,133 $54,759
1990 $7,192 $10,086 $16,722 $55,659
1989 $6,041 - $15,243 -
1988 $5,814 - $14,682 -
1987 $5,084 - $13,719 -
1986 $4,195 - $13,213 -
1985 $3,322 - $16,815 -
1984 $3,333 - $19,749 -
1983 $3,527 - $19,669 -
1982 $3,788 - $24,431 -
1981 $3,898 - $29,543 -
1980 $3,948 - $28,407 -
1979 $3,196 - $21,777 -
1978 $2,559 - $16,757 -
1977 $2,038 - $16,058 -
1976 $1,727 - $15,710 -
1975 $1,560 - $13,014 -
1974 $1,245 - $13,540 -
1973 $1,144 - $4,905 -
1972 $976 - $3,483 -
1971 $874 - $2,952 -
1970 $828 - $2,594 -

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

Malta's GDP per capita is $47,907, ranking 28/197, compared to $72,525 in Qatar, ranking 13/197. Adjusted for purchasing power (GDP per capita PPP), Malta ranks 25th at $69,864, while Qatar ranks 5th at $126,046.

Economic indicators

Malta Qatar
Gross domestic product
$27.8B
2025
$216B
2025
GDP rank
118/197
2025
56/197
2025
GDP growth
3.96%
2024-2025
2.9%
2024-2025
GDP per capita
$47,907
2025
$72,525
2025
GDP per capita rank
28/197
2025
13/197
2025
GDP per capita, PPP
$69,864
2024
$126,046
2024
GDP per capita PPP rank
25/197
2024
5/197
2024
Government debt
$13B
2025
$89.2B
2025
Debt-to-GDP ratio
46.8%
2025
41.4%
2025
Government debt per person
$22,407
2025
$30,009
2025
Government debt per person rank
30/185
2025
24/185
2025
Average annual personal income after taxes
$22,914
2026
$37,042
2026
Market capitalization of domestic companies
$5.35B
2025
$177B
2025
Number of millionaires n/a
30,000
2026
Number of billionaires n/a
2
2026
Income share by richest 10%
24.7%
2023
25.8%
2017
Income share by poorest 10%
2.8%
2023
2.6%
2017
Government expenditure, % of GDP
37%
2025
27.1%
2025
Consumer prices inflation
2.36%
2024-2025
0.6%
2024-2025
Central bank interest rate n/a
4.1%
2025
Unemployment rate
3.1%
2025
0.1%
2024
Population
586345
3058826

Spending and national debt comparison by year

Malta
Spending

Debt
Qatar
Spending

Debt
1x
Year % of GDP
Malta Qatar
Government spending Government debt Government spending Government debt
2025 37% 46.8% 27.1% 41.4%
2024 37.4% 46% 26% 41.3%
2023 35.8% 46.8% 26.7% 42.8%
2022 38.4% 50.1% 24.3% 42.6%
2021 39.5% 49.6% 29.4% 58.4%
2020 42.1% 48.6% 34.7% 72.6%
2019 34.9% 39.2% 32.5% 62.1%
2018 34.5% 41.4% 28.9% 52.2%
2017 32.7% 45.6% 34.7% 51.6%
2016 35.5% 53.1% 40.1% 46.7%
2015 37.8% 55% 38.6% 35.5%
2014 39.6% 60.7% 32.3% 24.9%
2013 40.1% 64.9% 28.3% 30.9%
2012 41.7% 65.6% 31% 32.1%
2011 41.5% 68.9% 28.5% 33.5%
2010 40.1% 65% 32% 30.4%
2009 41.1% 66% 36.4% 36%
2008 42.1% 61.5% 23.5% 11.4%
2007 41.2% 62% 29.5% 9.37%
2006 42.5% 64.5% 29.5% 13.9%
2005 42.5% 70.2% 29% 19.1%
2004 42% 70.4% 29.9% 30.1%
2003 45.6% 68.6% 28.5% 38.8%
2002 43.6% 65.1% 31.6% 47.7%
2001 44.4% 70% 32.1% 59.2%
2000 42.9% 64.4% 29.8% 51.6%
1999 - 69.8% 42.4% 81.8%
1998 - 66.4% 55.1% 76.6%
1997 - 60.8% 47.6% 54.4%
1996 - 51.5% 55.2% 57.8%
1995 - 45.3% 52.2% 50.2%
1994 - - 59.8% 54.8%
1993 - - 62.8% 46.3%
1992 - - 54.2% 19.9%
1991 - - 57.5% 21.8%
1990 - - 50% 12.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Malta's government spending was $10.3B, accounting for 37% of its GDP, while Qatar spent $58.4B, or 27.1% of GDP.

Debt-to-GDP ratio is 46.8% in Malta and 41.4% in Qatar, ranking 113/185 and 127/185, respectively.

Government deficit by year

Deficit/surplus
Malta

Qatar
1x
Year Deficit/surplus, % of GDP
Malta Qatar
2025 -3.1% -1%
2024 -3.51% 0.71%
2023 -4.43% 5.51%
2022 -5.33% 10.4%
2021 -6.96% 0.24%
2020 -8.71% -2.13%
2019 0.72% 1%
2018 1.86% 2.26%
2017 3.4% -6.82%
2016 1.1% -9.2%
2015 -0.84% 18.4%
2014 -1.49% 13.4%
2013 -2.19% 19.3%
2012 -3.31% 8.55%
2011 -2.99% 5.24%
2010 -2.22% 4.6%
2009 -3.11% 14.1%
2008 -4.06% 9.49%
2007 -2.05% 10.3%
2006 -2.46% 8.39%
2005 -2.83% 9.8%
2004 -4.28% 17.7%
2003 -9.04% 6.71%
2002 -5.62% 7.89%
2001 -6.5% 4.48%
2000 -5.83% 4.62%
1999 - -4.35%
1998 - -7%
1997 - -9.4%
1996 - -8.73%
1995 - -5.78%
1994 - -11.8%
1993 - -9.53%
1992 - -2.74%
1991 - -2.57%
1990 - 3.23%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Malta's government deficit, the difference between spending and revenue, was $861M, equivalent to 3.1% of GDP. This compares to Qatar's deficit of $2.16B, or 1% of GDP.

Over the past 26 years, Malta recorded a fiscal deficit in 22 of those years, while Qatar ran a deficit in 4 years. On average, Malta posted an annual deficit equal to 3.22% of GDP, compared to surplus of 6.31% of GDP for Qatar.

Inflation comparison by year

Inflation
Malta

Qatar
1x
Year Consumer prices inflation
Malta Qatar
2025 2.36% 0.6%
2024 1.65% 1.2%
2023 5.09% 3.1%
2022 6.15% 5%
2021 1.5% 2.3%
2020 0.64% -2.5%
2019 1.64% -0.9%
2018 1.16% 0.1%
2017 1.36% 0.6%
2016 0.64% 2.7%
2015 1.1% 0.9%
2014 0.31% 4.2%
2013 1.18% 3.1%
2012 2.38% 1.8%
2011 2.96% 2%
2010 1.52% -2.4%
2009 2.08% -4.9%
2008 4.26% 15.1%
2007 1.25% 13.7%
2006 2.77% 11.7%
2005 3.01% 9%
2004 2.79% 6.8%
2003 1.3% 2.3%
2002 2.19% 0.2%
2001 2.93% 1.7%
2000 2.37% 1.6%
1999 2.13% 2.2%
1998 2.39% 2.9%
1997 3.11% 2.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Malta has recorded an average annual inflation rate of 2.22%, compared with 2.99% in Qatar. In 2025, inflation was 2.36% in Malta and 0.6% in Qatar.

Top exports between countries

Malta
Export category Export value
Wood & paper products $3.14M
Processed food, beverages & tobacco $2.85M
Precious metals & jewellery $1.44M
Metals $894K
Raw materials & minerals $621K
Raw agricultural goods $436K
Chemicals & pharma $338K
Machinery & equipment $54K
Miscellaneous $37K
Textiles & consumer goods $6K
Qatar
Export category Export value
Chemicals & pharma $21.5M
Machinery & equipment $476K
Metals $60K
Animal & marine products $36K

Balance of trade

Malta Qatar
Current account balance
$1.78B
2024
$31.9B
2025
Current account balance ranking
45/190
2024
17/190
2025
Current account balance, % of GDP
+7.1%
2024
+14.8%
2025
Goods imports
$7.56B
2024
$34.3B
2025
Goods exports
$4.58B
2024
$90B
2025
Service imports
$17.4B
2024
$31.3B
2025
Service exports
$25B
2024
$24.4B
2025
Imports of goods and services, % of GDP
99.9%
2025
31.6%
2022
Exports of goods and services, % of GDP
119.1%
2025
68.6%
2022

Economic freedom indices

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

Malta Qatar
Economic freedom 68.2 70.2
Economic freedom ranking 49/197 37/197
Property rights 85.5 66.2
Government integrity 54.3 53.5
Judicial effectiveness 80.2 41.5
Tax burden 68.5 99.9
Government spending 58.4 79.9
Fiscal health 63.2 96.6
Business freedom 83.2 68
Labor freedom 62.6 58.5
Monetary freedom 73.1 76
Trade freedom 79.4 81.8
Investment freedom 60 60
Financial freedom 50 60

Economic freedom comparison by year

Malta
Qatar
1x
Year Economic freedom index
Malta Qatar
2026 68.2 70.2
2025 66.8 70.2
2024 64.5 68.8
2023 67.5 68.6
2022 71.5 67.7
2021 70.2 72
2020 69.5 72.3
2019 68.6 72.6
2018 68.5 72.6
2017 67.7 73.1
2016 66.7 70.7
2015 66.5 70.8
2014 66.4 71.2
2013 67.5 71.3
2012 67 71.3
2011 65.7 70.5
2010 67.2 69
2009 66.1 65.8
2008 66 62.2
2007 66.1 62.9
2006 67.3 62.4
2005 68.9 63.5
2004 63.3 66.5
2003 61.1 65.9
2002 62.2 61.9
2001 62.9 60
2000 58.3 62
1999 59.3 62
1998 61.2 -
1997 57.9 -
1996 55.8 -
1995 56.3 -

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

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

The Economic Freedom Index for Malta is 68.2, ranking 49/197, compared to 70.2 for Qatar, ranking 37/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Malta Qatar
Services, % of GDP
81.3%
2025
47%
2025
Industry, % of GDP
10.1%
2025
57%
2025
Agriculture, forestry, and fishing, % of GDP
0.47%
2025
0.31%
2025
GNI, Atlas method
$24B
2025
$221B
2025
GNI per capita, PPP
$64,900
2025
$126,290
2025
Total reserves including gold
$1.54B
2025
$55.8B
2025
Total reserves ranking
134/177
2025
45/177
2025
Net foreign direct investment
-$6.13B
2024
$311M
2025
Net inflows of foreign direct investment
$42.6B
2024
$460M
2024
Net outflows of foreign direct investment
$36.5B
2024
$1.56B
2024
Poverty at national poverty lines
16.7%
2021
n/a
Gross capital formation, % of GDP
18.7%
2025
30.6%
2022

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/malta/qatar | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2022–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

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.