As at the end of the second quarter of 2014, the Maltese economy recorded an estimated net International Investment Position of €2.44 billion, the NSO said.

The International Investment Position (IIP) statement shown in this release is presented in accordance with the guidelines provided in the Sixth Edition of the IMF’s Balance of Payments and International Investment Position Manual (BPM6). In addition, the statement is incorporating for the first time data for special purpose entities. Consequently, these updates do not allow for comparison with data from previous IIP News Releases.

Total foreign assets as at the end of the second quarter of 2014 showed an increase of €4.50 billion when compared to the corresponding quarter in 2013, while total foreign liabilities rose by €3.80 billion. This resulted in an overall increase of €0.70 billion in the IIP.

The level of Malta’s total foreign assets abroad at the end of the second quarter of 2014 amounted to €212.90 billion. Portfolio Investment accounted for 43.6 per cent of total foreign assets while Other Investment represented 30.6 per cent. The increase in Malta’s foreign assets was characterised mainly by a €7.08 billion increase in equity and investment fund shares classified under Portfolio Investment. A €5.28 billion decline in Other Investment, mainly due to a fall in loans generated by other MFIs, mitigated this increase.

 

At the end of the second quarter of 2014, Malta’s foreign liabilities were estimated at €210.46 billion. Direct Investment totalled €152.49 billion from €150.12 billion recorded at the end of the corresponding quarter in 2013, accounting for 72.5 per cent of total foreign liabilities.