Last Updated on Tuesday, 23 March, 2021 at 11:11 am by Andre Camilleri
When compared to the position as at the end of 2019, total foreign assets increased by €7.9 billion in 2020 while total foreign liabilities increased by €7.2 billion, resulting in an overall increase in the net International Investment Position (IIP) of €0.7 billion.
The level of Malta’s total foreign assets abroad amounted to €258.7 billion as at the end of 2020. Portfolio Investment accounted for 49.1 per cent while Direct Investment represented 27.8 per cent of total foreign assets. The increase in Malta’s foreign assets was driven mainly by a €6.6 billion increase in Portfolio Investment and a €1.9 billion increase in Other Investment.
At the end of December 2020, Malta’s stock position of foreign liabilities stood at €250.7 billion. Direct Investment amounted to €209.1 billion, or 83.4 per cent of total foreign liabilities, up from €200.5 billion recorded in December 2019. Other Investment represented 14.5 per cent of total foreign liabilities and totalled €36.3 billion as at the end of 2020