Country
Malta MLT
score date 2026-10-10 · 30d +1.1
Seven dimensions
Credibility gap91.7
IMF / national CPI · as of 2026-06-01 · coverage: silver
Behind the curve44.8
BIS policy rates + CPI · as of 2026-10-06 · coverage: silver
Communication76.5
Central-bank statements · as of 2026-10-10 · coverage: silver
Geopolitical48.0
GDELT · as of 2026-10-10 · coverage: silver
Growth57.4
World Bank WDI / IMF WEO · as of 2026-10-10 · coverage: silver
Liquidity51.4
IMF BOP / BIS / FRED · as of 2026-10-10 · coverage: silver
Governance63.4
World Bank WGI · as of 2026-10-10 · coverage: silver
Malta sovereign credibility, in brief
Malta scores 62.3 out of 100 on the composite sovereign credibility index — credibility band 50–65. That ranks it 1 of 8 in Middle East & North Africa, the 100th percentile of the region. The score is unchanged over the past seven days. CPI 2.5% near 2.0% target — on target | adequate credibility (62/100).
As of 2026-10-10 · scored daily from public data under methodology v8
Executive summary
written 11 Oct · score 10 OctMalta ranks first in its region, but a 0.5pp inflation overshoot and euro-area policy keep credibility only adequate.
- Composite position: The 62.3 score is adequate and sits well above the regional average of 37.7, though MENA peers are a weak comparison for a euro-area member.
- Inflation vs target: CPI at 2.5% runs 0.5pp above the 2.0% point target, which drives the 91.7 credibility-gap score.
- Policy stance: The 2.5% rate is set at euro-area level, so Malta has no separate monetary lever, and its behind-the-curve score is 44.8.
- Communication: The 76.5 communication score is the strongest input.
- Geopolitics: Pressure is moderate at 48.0, and recent headlines are mostly domestic crime and court stories.
- Watch item: The next HICP print against 2.0%, and the Daphne murder appeal for institutional risk.
Peer context
Rank 1/8 in Middle East & North Africa · 100th percentile
Region avg 38.5 · best 62.3 · worst 15.4
Ranked either side
- Algeria 53.4
- Afghanistan 50.8
90-day trend
External pulse
- Port trade momentum, 30d YoY
- -10.8%
- as of 2026-10-11
- Commodity terms-of-trade, 12m change
- -3.9%
- as of 2026-10-11
- Electricity demand, YoY
- +2.9%
- as of 2026-05-01
- Industrial production, YoY
- +0.9%
- as of 2026-05-01
Sources: Kpler; UN Global Platform; IMF PortWatch (portwatch.imf.org) · Terms-of-trade: IMF Commodity Terms of Trade · Electricity: Ember (CC BY 4.0) · Industrial production: Eurostat, © European Union (CC BY 4.0)
Key indicators
External & activity
| Cpi monthly index | 125.2 | 2026-06-01 | ILO CPI |
| Current account (% GDP) | 7.1% | 2024-12-31 | World Bank |
| Electricity demand (TWh) | 0.3 | 2026-05-01 | Ember |
| FDI inflows (% GDP) | 51.7% | 2025-12-31 | World Bank |
| GDP growth, annual | 4.0% | 2025-12-31 | World Bank |
| Industrial production index (2021=100) | 117.6 | 2026-05-01 | Eurostat |
| Nightlights radiance (monthly sum) | 36.9K | 2025-12-01 | World Bank / NASA Black Marble |
| Nightlights radiance, YoY | 4.6% | 2025-12-01 | derived |
| Remittances (% GDP) | 0.1% | 2024-12-31 | World Bank |
| Reserves (months of imports) | 0.2 mo | 2024-12-31 | World Bank |
| Retail sales volume index (2021=100) | 127.8 | 2026-05-01 | Eurostat |
| Retail sales volume, YoY | 6.2% | 2026-05-01 | Eurostat |
| Trade openness (% GDP) | 219.0% | 2025-12-31 | World Bank |
| Unemployment rate | 2.9% | 2025-12-31 | World Bank |
| Unemployment rate (ILO) | 3.0% | 2025-12-31 | ILO |
Structure
| GDP per capita (USD) | $47,907 | 2025-12-31 | World Bank |
| Labor force participation | 67.5% | 2025-12-31 | ILO |
| WGI: control of corruption | 0.2 | 2025-12-31 | World Bank |
| WGI: government effectiveness | 0.8 | 2025-12-31 | World Bank |
| WGI: political stability | 1.0 | 2025-12-31 | World Bank |
| WGI: regulatory quality | 0.4 | 2025-12-31 | World Bank |
| WGI: rule of law | 0.7 | 2025-12-31 | World Bank |
| WGI: voice & accountability | 1.0 | 2025-12-31 | World Bank |
Eurostat, © European Union (CC BY 4.0) · Nightlights: World Bank / NASA Black Marble VIIRS (CC BY 4.0)
Follow the moves
Every figure above is recomputed daily from public data, with the source and as-of date shown for each one. The weekly briefing says which scores moved, and why.