Malta’s National Wealth per Person Matches Sweden, Says Abela

Malta’s national wealth per person has reached parity with Sweden, according to Prime Minister Robert Abela. This achievement highlights Malta’s strong economic growth and increasing prosperity. Malta’s GDP per capita is $43,899, while Sweden’s is $57,117, but when adjusted for purchasing power, Malta’s GDP per capita PPP is $69,832, slightly higher than Sweden’s $71,030. In terms of average wealth per adult, Malta ranks 28th globally with $160,265, while Sweden ranks 16th with $296,800. The cost of living in Malta is 6% lower than in Sweden, making it an attractive destination.