The Minister for Finance notes with satisfaction the Gross Domestic Product growth figures published by NSO which show that Malta ranks among the top-performing countries in the Eurozone and the European Union on GDP growth.

Figures published by the National Statistics office on Wednesday 27th August 2014 show that in the second quarter of 2014, economic growth remained strong, increasing by 2.9 per cent when compared to the corresponding quarter of the previous year. For the first half of this year, the Maltese economy grew by 3.4 per cent.

In nominal terms GDP grew by 4.2 per cent. This nominal growth is expected to continue impacting favourably Malta’s public finances especially its debt and deficit positions.

Compared with figures published as part of Eurostat’s Flash Estimate for the second quarter of 2014 on 14th August 2014, Malta ranks as the 6th top-performing country out of the 28 European Member States, and the second top-performing country (after Latvia) out of Euro Area countries.

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