According to the latest statistics by the National Statistics Office, real household gross disposable income per capita increased by 8.6% in 2024 compared to 3.2% in 2023. The increase aligns with other high economic and financial metrics for 2024 being a record-breaking year for the economy on various metrics.
Total household consumption expenditure in 2024 was estimated at โฌ10 billion representing increases of 9.3% in nominal and 6.0% in real terms respectively. On a per capita basis, household final consumption expenditure rose by 6.2% in nominal terms and 3.1% in real terms.
When considering the rate of the real and final terms, the year was not record-breaking at all and this is because the real and final income has been suppressed when calculating inflation.
In total, the Maltese are saving and investing more, but there is a clear indication the the majority of the Maltese are spending more on necessities and this implies increased inequality. Household investment reached โฌ904 million in 2024 compared to โฌ852 million in the previous year. In turn, the investment rate of households, stood at 7.2% of their gross disposable income, 0.6% than the previous year.
Malta also had the fourth largest growth in per capita household income among EU countries. in the past two decades
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