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STATISTICS MALTA

International Economic and Financial Transactions: Q4/2022

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NSO INDEX OF INDUSTRIAL PRODUCTION JANUARY 2023During the fourth quarter of 2022, Malta registered a current account deficit of €232.5 million.

 

Provisional figures for Malta’s external transactions show that during October-December 2022, the current account balance recorded a deficit of €232.5 million, compared to a surplus of €93.7 million in the same quarter of the previous year. This deficit was primarily the result of negative net balances recorded in the goods account (€761.8 million), the primary income account (€556.7 million) and the secondary income account (€49.3 million). This was partly offset by a positive net balance in the services account (€1,135.3 million).

During the fourth quarter of 2022, the capital account registered a positive net balance of €75.6 million, €10.7 million higher than the figure recorded in 2021.

The financial account was shaped by net asset decreases of €661.5 million, a decrease in the balance of net assets of €877.9 million when compared to the value recorded in the same quarter of 2021. The development in the financial account balance was mainly brought about by negative net asset balances in direct investment (€2,475.7 million), other investment (€442.5 million) and financial derivatives (€150.1 million). This was partly offset by a positive net asset balance recorded in portfolio investment (€2,390.4 million). Reserve assets also increased by €16.4 million during the same period (Table 1).

 

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