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Fitch Ratings has affirmed Malta's 'A+' credit rating with a stable outlook, citing the country's robust economic performance. Malta's economy continues to show strong momentum, with projected GDP growth of 5.7% this year, compared to 0.8% for the Eurozone and 2% for other A-rated countries.
The positive outlook from Fitch is supported by an upward trend in the financial sector and a recovery in the tourism industry. Malta’s economy is expected to exceed previous projections issued in March, which forecasted a 4.1% growth for this year and 3.7% for 2025. The latest data now indicate growth of 5.7% in 2024 and 4.3% in 2025.
Unemployment is expected to remain low, averaging 3.2% over the rating horizon—significantly below the Eurozone average of 6.5%. Malta also ranks highly in Fitch's ESG (Environmental, Social, and Governance) relevance score, with the agency noting the country's stable political environment and effective rule of law.