Maltese economy grew by 1.6% in Q1 - best performer in the EU

Malta's Gross Domestic Product (GDP) grew by 1.6 per cent in real terms in the first quarter of this year, NSO figures issued this morning show. The NSO said GDP reached €1,654.8 million, an increase of 3.7 per cent compared to the corresponding quarter last year. In real terms, GDP went up by 1.6 per cent. The Production ApproachDuring the first quarter, growth in gross value added was generated by the following economic activities: mining and quarrying; electricity supply; water supply; sewerage, waste management and remediation activities; financial and insurance activities; manufacturing; professional, scientific and technical activities; administrative and support service activities; agriculture and fishing; public administration; education; human health and social work activities; information and communication; arts, entertainment and recreation; repair of household goods and other services; wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities; and real estate activities. A drop in gross value added was registered in construction. The Expenditure ApproachTotal final consumption expenditure...