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International Economic and Financial Transactions: Q3/2022

During the third quarter of 2022, Malta registered a current account surplus of €117.1 million.

Provisional figures for Malta’s external transactions show that during July-September 2022, the current account balance recorded a surplus of €117.1 million, compared to a surplus of €200.0 million in the same quarter of the previous year. This surplus was primarily the result of a positive net balance recorded in the services account (€1,445.2 million). This was partly offset by negative net balances in the goods account (€917.9 million), the primary income account (€374.3 million) and the secondary income account (€35.9 million).

During the third quarter of 2022, the capital account registered a positive net balance of €37.2 million, €26.2 million lower than the figure recorded in 2021.

The financial account was shaped by net asset decreases of €771.8 million, a drop in the balance of net assets of €799.3 million when compared to the value recorded in 2021.The development in the financial account balance was mainly brought about by negative net asset balances in direct investment (€2,648.7 million) and financial derivatives (€107.0 million). This was partly offset by positive net asset balances recorded in portfolio investment (€1,758.4 million) and other investment (€233.6 million). Reserve assets dropped by €8.1 million during the same period (Table 1) 

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