Compilation of National Accounts in Malta started in 1954. Malta was then a British colony and its statistics followed the British system. Over time, the Maltese National Accounts improved in quality but the methodology and presentation did not change much, retaining the 1954 SNA (System of National Accounts) with elements from the 1968 SNA also incorporated.
When Malta applied for EU Membership in September 1998, preparations were underway to adopt the acquis communautaire in the field of statistics by the National Statistics Office (NSO). Actual implementation of the European System of Accounts (ESA) 1995 commenced in 2001. In 2003 the old system of accounts was discontinued, and from 2004 onwards data started being published using the ESA95 methodology. Past data going back to 1995 was reworked based on this new methodology.
There are seven sub-sections:
(i) GDP Deflators: This document explains the sources and methods for the calculation of the Gross Domestic Product expenditure deflators.
(ii) GNI Inventory: This section contains the sources and methods for the compilation of the Gross National Income for Malta based on the ESA95 methodology.
(iii) Process Tables: These tables show, and help to a better understanding of, the compilation process of National Accounts data in Malta.
(iv) QNA Inventory: The Quarterly National Accounts (QNA) Inventory refers to quarterly National Accounts for benchmark year 2004 and uses the structure recommended by Eurostat.
(v) Regional GVA Inventory: The Regional GVA Inventory fro Malta’s Regional Accounts comprises the sources and methods used in the compilation of the Gross Value Added (GVA) and Gross Domestic Product (GDP) for Malta and Gozo separately.
(vi) Technical Explanations: This section contains technical explanations and notifications on data revisions in National Accounts news releases, in line with NSO's revision policy.
(vii) The Old System: This section describes the sources and methods of the national accounts system used prior to the introduction of ESA95. This system was discontinued in 2003.