Confirmed in Caruana’s Budget 2026 forecasts — nominal GDP €24.6bn (2025) → ~€34bn by 2030 at 6–7%/yr.
Full analysis
The claim in context
In Budget 2026 documents, Finance Minister Clyde Caruana stated that Malta's nominal GDP is projected to rise from €24.6 billion in 2025 to nearly €34 billion by 2030 — a forecast underpinned by an assumed nominal growth rate of 6–7% per year and real growth of around 4%.
The published forecast
The figure is the official projection. PwC's intermediate €30.2 billion 2028 estimate is consistent with the trajectory. Whether the €34 billion will actually be reached depends on whether the implied growth rates hold — a substantial assumption over five years.
Bottom line
The claim accurately reports a published government forecast. The verdict is True for what was claimed (the forecast) but readers should recognise that 5-year nominal-GDP projections are inherently uncertain.
Sources
- PwC — Malta Budget 2026 economic update www.pwc.com