European countries have faced significant challenges recently, including shrinking business activity and the euro hitting its lowest level against the dollar since 2022. Additionally, the threat of potential tariffs from a Donald Trump presidency in the U.S. has further weighed on the region.

Despite these headwinds, some nations have demonstrated robust economic growth in 2024.

At the top of the list, Malta stands out with an economy heavily focused on services, including tourism and financial services. The country also excels in manufacturing exports, particularly electronics and pharmaceuticals. Notably, Germany is Malta’s largest economic partner, accounting for 13% of its exports.