Malta’s GDP decreased from 12.5 million Euro in 2019 to 11.5 million Euro in 2020 reflecting a decrease of 7.8% from the previous year. As expected, the tourism industry was one of the main industries which struggled during the global pandemic, both locally and internationally As illustrated in the chart below, the total inbound tourists which arrived in 2020 fell by 76% whilst the total expenditure spent by tourists, declined by 79.5% in comparison to the previous year.

This report was a matter of discussion during the 2021 edition of our online forum "Shaping Malta's Future."