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Balance of Payments 2001
National Statistics Office, Malta, 2003
Published by the
National Statistics Office Lascaris Valletta
Malta Tel.: (+356) 21 22 32 21/5
Fax: (+356) 21 24 98 41 / 21 24 84 83 e-mail: [email protected]
website: http://www.nso.gov.mt
CIP Data Balance of Payments 2001. – Valletta : National Statistics Office, 2003 xii, 72p. ISBN 99909-73-01-6 ISSN 1681-7788 For further information, please contact: Balance of Payments Unit National Statistics Office Lascaris Valletta CMR 02 Malta Tel: (+356) 25 99 72 69 / (+356) 21 24 34 21 Our publications are available from: The Data Shop Department of Information National Statistics Office 3 Castille Place Lascaris Valletta CMR 02 Valletta CMR 02 Malta Tel: (+356) 21 23 92 25 / (+356) 25 99 72 10 Tel: (+356) 21 22 49 01 Fax: (+356) 21 24 98 41 Fax: (+356) 21 23 71 70
CONTENTS
Page
Foreword v
Commentary vii Balance of Payments with the World: 1995 - 2001
1.1 Summary of the transactions on an annual basis 3 1.2 Summary of the transactions on a quarterly basis 4
The Current Account
1.3 Goods account: transactions on a net and gross basis 11 1.4 Services account: transactions on a net and gross basis 12 1.5 Income account: transactions on a net and gross basis 13 1.6 Current Transfers account: transactions on a net and gross basis 14
The Capital and Financial Account
1.7 Capital account: transactions on a net and gross basis 15 1.8 Direct Investment account: transactions on a net and gross basis 16 1.9 Portfolio Investment account: transactions on a net and gross basis 17 1.10 Other Investment account: transactions on a net and gross basis 18 1.11 Reserve Assets: transactions 19
Balance of Payments with the European Union: 1995 - 2001
2.1 Summary of the transactions on an annual basis 23 2.2 Summary of the transactions on a quarterly basis 24
The Current Account
2.3 Goods account: transactions on a net and gross basis 31 2.4 Services account: transactions on a net and gross basis 32 2.5 Income account: transactions on a net and gross basis 33 2.6 Current Transfers account: transactions on a net and gross basis 34
Balance of Payments with the Rest of the World: 1995 - 2001 3.1 Summary of the transactions on an annual basis 37
3.2 Summary of the transactions on a quarterly basis 38
The Current Account
3.3 Goods account: transactions on a net and gross basis 45 3.4 Services account: transactions on a net and gross basis 46 3.5 Income account: transactions on a net and gross basis 47 3.6 Current Transfers account: transactions on a net and gross basis 48
The International Investment Position: 1995 - 2001 4 International Investment Position 51 Analytical Tables 5 Analysis of transactions (with the World) as a percentage of the Current Account 57 6 Analysis of transactions (with the World) as a percentage of the Gross Domestic Product 58 Appendix Metadata used for the Balance of Payments and the International Investment Position 61
v
Foreword For the third consecutive year, the National Statistics Office is publishing detailed statements of the Balance of Payments transactions and the International Investment Position of Malta in a format that conforms with the standard guidelines of methodology set by the International Monetary Fund and the European Union Statistical agency - Eurostat. The compiled tables exhibit details on the international economic and financial transactions conducted by Malta with the world, the European Union (EU) and the rest of the world countries (i.e. other than those members within the EU) between the years 1995 and 2001; as well as statistical data on the stock of external assets and liabilities that Malta had with the world during the same seven-year period under review. In addition, the tables are being accompanied by a commentary that explains the main shifts in the statistical figures registered during the year 2001 over those recorded during the same period in 2000. Alfred Camilleri Director General
vii
COMMENTARY
1. The Balance of Payments
Malta with the World A detailed statement of the international economic and financial transactions of Malta during 2001 shows an improvement in the current account balance of Lm135.6 million, from a net negative balance of Lm209.2 million during 2000 to one of Lm73.6 million during the year under review. Contributing towards this amelioration was essentially an improvement in the net balances of both the goods account as well as the income account of the statement. In fact, as can be seen in Chart A below, the visible trade gap in the goods account narrowed by Lm76.3 million, from a net negative balance of Lm331.0 million during 2000 to one of Lm254.7 million during 2001; whereas the net negative balance in the income account shifted favourably by Lm64.2 million, from a net deficit of Lm53.1 million during 2000 to a net surplus of Lm11.1 million during the year under consideration. Also, the net positive balance in the services account improved by Lm2.4 million, from a net surplus of Lm163.7 million during 2000 to one of Lm166.2 million during 2001; while that in the current transfers account shrunk by Lm7.4 million, from a net positive balance of Lm11.2 million during 2000 to one of Lm3.8 million during the year under review.
Chart A - Current Account Balance1995 to 2001
-400-300-200-100
0100200300
1995 1996 1997 1998 1999 2000 2001Years
Lm
mill
ions
Trade Balance Net Services Current Account Balance
Indeed, the net balance in the goods account was essentially influenced by a fall in the total imports bill of Lm263.4 million that more than offset the decline in the export receipts of Lm187.1 million recorded during the year under consideration; whereas that in the income account was favourably affected by a fall of Lm84.5 million in retained earnings that are held by non-resident entities having direct (investing) interest in locally-operating enterprises. On the other hand, the net balance in the services account was mainly affected by an improvement in the net balance of the transport account; while that in the current transfers account was particularly influenced by an increase in private transfer payments that overshadowed completely the rise in private transfer receipts recorded during the same year under analysis.
viii
Indeed, the net negative balance in the transport account shifted favourably by Lm13.0 million, from a net deficit of Lm8.4 million during 2000 to a net surplus of Lm4.6 million during 2001; while that in the government services account shrunk by Lm1.2 million, from a net deficit of Lm3.3 million during 2000 to one of Lm2.0 million during the year under review. In the same direction, the net positive balance in the communication services account rose by Lm1.3 million, from a net surplus of Lm4.4 million during 2000 to one of Lm5.6 million during 2001. On the contrary, the net positive balance in the travel account contracted by Lm0.7 million, from a net surplus of Lm180.2 million during 2000 to one of Lm179.5 million during the year under review; whereas that in the other private business services account shifted by Lm4.3 million, from a net surplus of Lm2.6 million during 2000 to a net deficit of Lm1.7 million during 2001. Additionally, the net negative balance in the insurance services account worsened by Lm8.1 million, from a net negative balance of Lm11.8 million during 2000 to one of Lm19.8 million during the year under review. In the capital and financial account of the statement, the capital account was characterised by a net inflow of Lm0.7 million (as opposed to a net inflow of Lm8.3 million during 2000); whereas the financial account was characterised by a net inflow of Lm4.6 million (as against a net inflow of Lm165.3 million a year before). Direct investment abroad declined by Lm0.7 million, from net outflows of Lm11.4 million during 2000 to net outflows of Lm10.7 million during the year under consideration. On the other side, direct investment in Malta fell by Lm146.1 million, from net inflows of Lm272.5 million during 2000 to net inflows of Lm126.4 million during 2001. In effect, as explained earlier before, this was particularly generated by a drop of Lm84.5 million in retained earnings that are held by non-resident entities having direct investing interest in locally established enterprises; as well as by a fall in trade liabilities of Lm43.9 million that are due to direct investors abroad. Also during the year under review, the portfolio investment account was marked by a net outflow of funds of Lm196.8 million as against a net outflow of funds of Lm343.0 million during 2000. Indeed, this was contributed by lower acquisitions of foreign debt securities (that amounted to Lm180.4 million during 2001) than those acquired during the same period a year earlier (that amounted to Lm331.5 million). In contrast, however, the other investment account was characterised by net inflows of Lm201.1 million as against net inflows of Lm149.7 million during 2001. As a result of the above shifts in the current and financial accounts of the statement, the reserve assets of the country increased by Lm115.3 million as opposed to a decrease of Lm97.6 million during 2000.
2. The Current Account Statement
Malta with the European Union In an effort to provide more details about the origin and destination of the various economic and financial transactions that Malta conducts with its world trading partners, the balance of payments statement has, for the seventh year round, been compiled and presented so as to portray information about those transactions that Malta had with both the European Union (EU) as well as with the rest of the world.
ix
Indeed, statistical indicators on the balance of payments of Malta with the EU for the year 2001 show that the current account balance of Malta with the fifteen member union improved by Lm284.9 million, from a net negative balance of Lm438.5 million during 2000 to one of Lm153.6 million during 2001. Leading towards this outcome was essentially an across-the-board improvement in the main accounts that compose the statement. In fact, as can be discerned from Chart B below, the visible trade gap contracted by Lm187.5 million, from a net deficit of Lm479.3 million during 2000 to one of Lm291.8 million during 2001; whereas the net negative balance in the income account shifted favourably by Lm68.0 million, from a net deficit of Lm69.8 million during 2000 to one of Lm1.8 million during the year under review. Also, the net positive balance in the services account rose by Lm26.9 million, from a net positive balance of Lm102.8 million during 2000 to one of Lm129.6 million during 2001; while that in the current transfers account rose by Lm2.5 million, from a net surplus of Lm7.8 million during 2000 to one of Lm10.2 million during the year under consideration.
Chart B - Current Account Balance: Malta with the EU2000 and 2001
-600 -500 -400 -300 -200 -100 0 100 200
Current Transfers
Income
Other Services
Travel
Transport
Goods
CURRENT ACCOUNT
Lm millions
20012000
Indeed, the favourable shift recorded in the net balance of the goods account was primarily contributed by the combined impact of a decline in expenditure on imports originating from the EU of Lm112.7 million as well as by an increase in export receipts from goods destined to the same region of Lm74.8 million; whereas that recorded in the net balance of the income account was generated by a drop in retained earnings of Lm68.5 million that are held by EU residents having direct (investing) interest in locally-operating enterprises. On the other hand, the net balance in the services account was mainly affected by an increase in the net positive balance of the travel account as well as by an improvement in the net negative balance of the transport account of the statement. In fact, the net positive balance in the travel account rose by Lm20.1 million, from a net surplus of Lm124.4 million during 2000 to one of Lm144.5 million during 2001; while the net negative balance in the transport account shifted favourably by Lm17.6 million, from a net deficit of Lm6.3 million during 2000 to a net surplus of Lm11.3 million during the year under review.
x
The net balance in the travel account was influenced by both a rise in travel receipts from tourists coming from EU countries of Lm17.5 million as well as by a slight drop in expenditure by Maltese travellers going to EU destinations amounting to Lm2.6 million. On the other hand, the net balance in the transport account was favourably affected by both a rise in revenue from passenger transport as well as by a rise in other transport receipts that outweighed completely the increase in expenditure on transport-related services recorded during the year under consideration. Notwithstanding this, however, the net balance in the services account was adversely influenced by a series of setbacks in the net balances of the insurance services account, the other private business services account as well as the communications services account of the statement.
Malta with the Rest of the World In contrast to the net balance registered in the current account statement of Malta with the EU, that with the rest of the world (i.e. excluding the transactions with the fifteen member union) took a different turn and deteriorated by Lm149.3 million, from a net positive balance of Lm229.3 million during 2000 to one of Lm80.0 million during the year under review. Indeed, as can be seen in Chart C below, this was generated by an across-the-board worsening in the net balances of the accounts that compose the statement. In fact, the net positive balance in the goods account shrunk by Lm111.2 million, from a net surplus of Lm148.3 million during 2000 to one of Lm37.1 million during 2001; while that in the services account decreased by Lm24.4 million, from a net surplus of Lm60.9 million during 2000 to one of Lm36.5 million during the year under consideration. Also, the net positive balance in the current transfers account shifted by Lm9.9 million, from a net surplus of Lm3.4 million during 2000 to a net deficit of Lm6.5 million during 2001; while that in the income account contracted by Lm3.8 million, from a net surplus of Lm16.7 million during 2000 to one of Lm12.9 million during the year under consideration.
Chart C - Current Account Balance: Malta with R.o.W.2000 and 2001
-50 0 50 100 150 200 250
Current Transfers
Income
Other Services
Travel
Transport
Goods
CURRENT ACCOUNT
Lm millions
20012000
xi
The net balance in the goods account was particularly determined by a fall in exports revenue of Lm261.9 million that outweighed completely a decline in imports of Lm150.7 million registered during 2001; whereas the net balance in the services account was essentially affected by the combined outcome of a decline in the net positive balances of the travel account and the other private business services account of Lm20.9 million and Lm2.6 million respectively as well as by a rise in the net negative balance of the transport account of Lm4.6 million. On the other hand, the net balance in the current transfers account was affected by a rise in government and private transfer payments that overshadowed completely the increase recorded in the receipts side of the statement; while the net balance in the income account was particularly affected by a fall in both foreign interest income as well as wages earned by Maltese residents working in countries other than those members of the EU.
3. The International Investment Position Statement of Malta Whilst the balance of payments compilation is effectively an account of the economic and financial flows that are conducted by a country with different economies around the globe during a particular calendar year (or period), the international investment position statement can be described as a record that shows details on the stock of external financial assets and liabilities of a country vis-à-vis the world at the end of a calendar year (or period). As can be discerned in Chart D below, the total assets held abroad by residents of Malta at the end of 2001 amounted to Lm4,240.4 million; a decrease of Lm456.8 million or 9.7 per cent over the total assets held at the end of 2000 of Lm4,697.2 million. On the other hand, the total amount of liabilities that were due by resident entities to non-residents abroad at the end of the same year amounted to Lm4,114.9 million; a decline of Lm505.7 million or 10.9 per cent over the total liabilities due at the end of 2000 of Lm4,620.6 million. As a result, the net amount of assets held by resident entities at the end of 2001 rose by Lm49.0 million or 63.9 per cent, from a net amount of Lm76.6 million at the end of 2000 to one of Lm125.6 million at the end of the year under consideration.
Chart D - International Investment Position of Malta1995 to 2001
0
1000
2000
3000
4000
5000
1995 1996 1997 1998 1999 2000 2001
Years
Lm
mill
ions
Total Assets Total Liabilities
xii
Direct investment abroad rose by Lm24.2 million or 27.2 per cent, from a total of Lm88.9 million at the end of 2000 to one of Lm113.1 million at the end of 2001; whereas direct investment in Malta rose by Lm108.4 million or 10.4 per cent, from a position of Lm1,039.2 million at the end of 2000 to one of Lm1,147.6 million at the end of the year under consideration. Indeed, the direct investment abroad was affected by an increase in equity capital and retained earnings (in entities established abroad) of Lm26.3 million; whereas the direct investment in Malta was influenced by the combined effect of a rise in equity capital and reinvested earnings of foreign-owned enterprises of Lm78.5 million as well as by an increase in other capital transactions of Lm29.9 million. Similarly, the total amount of portfolio investment assets that were held abroad by resident entities at the end of 2001 rose by Lm205.3 million or 18.1 per cent, from a position of Lm1,136.2 million at the end of 2000 to one of Lm1,341.5 million at the end of the year under review. In fact, this was generated by the dual effect of an increase in money market instruments held by the banking sector of Lm266.4 million as well as by an increase in equity securities held by the private sector of Lm16.7 million. On the contrary, the total amount of local portfolio investment assets held by non-residents at the end of 2001 reached a figure of Lm41.5 million; a total that is (almost) equivalent to that reached at the end of 2000 of Lm41.9 million. In contrast, the total amount of other investment assets held abroad by resident entities dropped by Lm802.5 million or 28.4 per cent, from a position of Lm2,828.0 million at the end of 2000 to one of Lm2,025.5 million at the end of the year under consideration. This was mainly caused by a fall in short-term assets held by the banking sector of Lm705.3 million as well as by a drop in currency and deposits held abroad by the same (banking) sector of Lm85.9 million. Likewise, the total amount of other investment liabilities declined by Lm613.7 million or 17.3 per cent, from a position of Lm3,539.5 million at the end of 2000 to one of Lm2,925.8 million at the end of the year under review. In fact, this was primarily contributed by a drop in short-term liabilities due by the banking sector of Lm443.6 million as well as by a fall in long-term loans due by the same (banking) sector of Lm138.4 million. As a result of the shifts recorded in both the current and the financial transactions of the country, the reserve assets increased by Lm116.3 million or 18.1 per cent, from a total of Lm644.1 million at the end of 2000 to one of Lm760.4 million at the end of the year under consideration.
Balance of Payments with the World
1995 - 2001
3
Summary tablesMalta with the world
Lm
th
ou
san
ds
Cre
dit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
it
Cu
rren
t a
cco
un
t-
12
7,9
20
-
14
6,1
67
-
76
,55
1
- 8
4,4
74
-
49
,26
6
- 2
09
,21
0
- 7
3,6
29
Goods,
Ser
vic
es a
nd I
nco
me
1,1
58
,44
8
1,2
95
,43
1
1,1
36
,44
5
1,2
93
,68
6
1,2
11
,49
7
1,3
09
,43
6
1,3
64
,63
4
1,4
71
,40
7
1,7
86
,50
3
1,8
52
,76
8
1,9
61
,11
9
2,1
81
,49
0
1,7
72
,03
8
1,8
49
,43
2
Goods
and S
ervic
es1,0
57
,07
2
1,2
08
,07
7
1,0
24
,83
7
1,1
86
,36
1
1,0
72
,15
8
1,1
73
,47
7
1,1
66
,77
6
1,2
48
,12
8
1,2
92
,71
7
1,3
71
,89
2
1,5
72
,82
3
1,7
40
,10
0
1,3
99
,13
2
1,4
87
,63
3
Goods
68
7,8
99
9
73
,72
0
63
9,1
00
9
41
,23
4
64
1,9
59
9
19
,85
7
70
8,3
50
9
68
,98
8
80
5,0
29
1
,07
0,2
63
1
,08
7,6
97
1
,41
8,6
91
9
00
,60
1
1,1
55
,26
6
Ser
vic
es3
69
,17
3
23
4,3
57
3
85
,73
7
24
5,1
27
4
30
,19
9
25
3,6
20
4
58
,42
6
27
9,1
40
4
87
,68
8
30
1,6
29
4
85
,12
6
32
1,4
09
4
98
,53
1
33
2,3
67
Inco
me
10
1,3
76
8
7,3
54
1
11
,60
8
10
7,3
25
1
39
,33
9
13
5,9
59
1
97
,85
8
22
3,2
79
4
93
,78
6
48
0,8
76
3
88
,29
6
44
1,3
90
3
72
,90
6
36
1,7
99
Com
pen
sati
on o
f em
plo
yee
s4
,77
6
2,7
06
4
,00
6
2,9
08
2
,47
0
3,1
86
4
,32
9
2,3
73
3
,85
5
3,3
82
4
,35
2
3,1
91
2
,44
3
3,0
78
Inves
tmen
t in
com
e9
6,6
00
8
4,6
48
1
07
,60
2
10
4,4
17
1
36
,86
9
13
2,7
73
1
93
,52
9
22
0,9
06
4
89
,93
1
47
7,4
94
3
83
,94
4
43
8,1
99
3
70
,46
3
35
8,7
21
Curr
ent
tran
sfer
s2
8,3
48
1
9,2
85
3
1,2
41
2
0,1
67
4
7,2
82
2
5,8
94
4
4,6
15
2
2,3
16
4
8,0
10
3
1,0
11
4
4,5
62
3
3,4
01
8
5,9
44
8
2,1
79
Cen
tral
go
ver
nm
ent
19
1
1,0
27
3
22
7
17
4
,60
6
2,8
87
5
,66
7
4,6
87
3
,19
4
6,7
24
1
1,4
49
1
1,1
02
2
8,3
18
2
4,7
23
Oth
er s
ecto
rs2
8,1
57
1
8,2
58
3
0,9
19
1
9,4
50
4
2,6
76
2
3,0
07
3
8,9
48
1
7,6
29
4
4,8
16
2
4,2
87
3
3,1
13
2
2,2
99
5
7,6
26
5
7,4
56
Ca
pit
al
an
d F
ina
ncia
l A
cco
un
ts1
24
,16
8
- 1
25
,95
6
- 4
0,8
53
-
49
,41
8
- 7
5,3
84
-
17
3,6
12
-
5,2
78
-
Cap
ital
acc
ou
nt
5,9
16
1
,38
3
23
,26
0
2,1
63
1
2,6
92
9
,46
4
12
,97
5
1,8
28
1
2,5
18
2
,13
9
10
,64
3
2,3
76
1
,95
7
1,2
94
Fin
anci
al a
cco
un
t1
19
,63
5
- 1
04
,85
9
- 3
7,6
25
-
38
,27
1
- 6
5,0
05
-
16
5,3
45
-
4,6
15
-
Dir
ect
Inves
tmen
t4
4,7
60
-
97
,41
4
- 2
4,7
65
-
97
,90
5
- 3
10
,08
5
- 2
61
,09
7
- 1
15
,64
4
-
Ab
road
- 1
,69
7
- 2
,29
5
- 6
,42
3
- 5
,75
2
- 1
7,8
64
-
11
,38
9
- 1
0,7
39
In M
alta
46
,45
7
- 9
9,7
09
-
31
,18
8
- 1
03
,65
7
- 3
27
,94
9
- 2
72
,48
6
- 1
26
,38
3
-
Port
foli
o i
nves
tmen
t-
16
2,0
65
-
42
,12
9
42
,44
0
- -
32
,24
8
- 2
01
,27
3
- 3
42
,98
7
- 1
96
,82
6
Ass
ets
- 1
62
,67
4
- 4
3,2
28
4
2,2
78
-
- 5
5,2
65
-
18
8,1
12
-
33
9,2
52
-
19
7,1
11
Lia
bil
itie
s6
09
-
1,0
99
-
16
2
- 2
3,0
18
-
- 1
3,1
61
-
3,7
35
2
85
-
Oth
er i
nv
estm
ent
12
5,9
12
-
18
,98
9
- -
26
,92
7
46
,23
3
- 5
2,4
94
-
14
9,6
65
-
20
1,1
39
-
Ass
ets
- 1
00
,26
2
- 2
23
,17
4
- 3
82
,78
0
- 7
92
,93
8
- 6
24
,89
7
- 4
29
,57
8
81
6,5
10
-
Lia
bil
itie
s2
26
,17
4
- 2
42
,16
3
- 3
55
,85
3
- 8
39
,17
1
- 6
77
,39
1
- 5
79
,24
3
- -
61
5,3
71
Res
erve
asse
ts1
11
,02
8
- 3
0,5
85
-
- 2
,65
3
- 7
3,6
20
-
96
,30
1
97
,57
0
- -
11
5,3
42
Net
err
ors
and o
mis
sions
3,7
52
-
20
,21
1
- 3
5,6
98
-
35
,05
6
- -
26
,11
8
35
,59
8
- 6
8,3
51
-
Fig
ure
s m
ay n
ot
add
up
du
e to
ro
un
din
g
Ta
ble
1.1
- B
ala
nce o
f P
ay
men
ts S
tate
men
t
Su
mm
ary
of
the
tran
sact
ion
s o
f M
alta
wit
h t
he
wo
rld
on
an
an
nu
al b
asis
19
95
19
96
19
97
19
98
19
99
20
00
20
01
4
Summary tablesMalta with the world
Cre
dit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
it
Cu
rren
t a
cco
un
t-
55
,20
8
- 3
3,3
79
-
1,9
24
-
37
,40
9
- 1
27
,92
0
Go
od
s, S
erv
ices
an
d I
nco
me
24
4,3
57
3
00
,20
2
28
6,3
01
3
21
,65
1
31
4,5
46
3
19
,44
8
31
3,2
44
3
54
,13
0
1,1
58
,44
8
1,2
95
,43
1
Go
od
s an
d S
erv
ices
22
1,6
48
2
83
,83
5
26
0,9
95
3
07
,75
6
29
1,5
09
2
98
,65
6
28
2,9
20
3
17
,83
0
1,0
57
,07
2
1,2
08
,07
7
Goods
15
9,5
29
2
32
,90
2
16
2,9
45
2
48
,04
3
16
8,5
80
2
33
,92
8
19
6,8
45
2
58
,84
7
68
7,8
99
9
73
,72
0
Ser
vic
es6
2,1
19
5
0,9
33
9
8,0
50
5
9,7
13
1
22
,92
9
64
,72
8
86
,07
5
58
,98
3
36
9,1
73
2
34
,35
7
Inco
me
22,7
09
16
,36
7
25
,30
6
13
,89
5
23
,03
7
20
,79
2
30
,32
4
36
,30
0
10
1,3
76
8
7,3
54
Com
pen
sati
on o
f em
plo
yee
s5
95
4
61
1
,32
9
51
0
1,5
75
6
69
1
,27
7
1,0
66
4
,77
6
2,7
06
Inves
tmen
t in
com
e22,1
14
15,9
06
23,9
77
13
,38
5
21
,46
2
20
,12
3
29
,04
7
35
,23
4
96
,60
0
84
,64
8
Cu
rren
t tr
ansf
ers
6,4
37
5
,80
0
6,9
67
4
,99
6
6,8
59
3
,88
1
8,0
85
4
,60
8
28
,34
8
19
,28
5
Cen
tral
gover
nm
ent
52
441
56
183
53
183
30
220
191
1,0
27
Oth
er s
ecto
rs6
,38
5
5,3
59
6
,91
1
4,8
13
6
,80
6
3,6
98
8
,05
5
4,3
88
2
8,1
57
1
8,2
58
Ca
pit
al
an
d F
ina
nci
al
Acc
ou
nts
48
,59
1
- 1
9,6
35
-
- 1
2,1
56
6
8,0
98
-
12
4,1
68
-
Cap
ital
acc
ou
nt
37
5
15
8
45
8
77
6
60
1
27
3
4,4
82
1
76
5
,91
6
1,3
83
Fin
anci
al a
cco
un
t4
8,3
74
-
19
,95
3
- -
12
,48
4
63
,79
2
- 1
19
,63
5
-
Dir
ect
Inves
tmen
t5,5
11
- -
49
9
4,5
59
-
35
,18
9
- 4
4,7
60
-
Abro
ad-
1,4
86
-
76
-
97
4
83
9
- -
1,6
97
In M
alta
6,9
97
-
- 4
23
5
,53
3
- 3
4,3
50
-
46
,45
7
-
Port
foli
o i
nves
tmen
t-
51
,10
2
- 2
5,7
83
-
25
,57
6
- 5
9,6
05
-
16
2,0
65
Ass
ets
- 4
9,5
12
-
28
,21
0
- 2
5,7
10
-
59
,24
3
- 1
62
,67
4
Lia
bil
itie
s-
1,5
90
2
,42
7
- 1
34
-
- 3
62
6
09
-
Oth
er i
nves
tmen
t29,1
56
- 1
3,6
51
-
15
,00
3
- 6
8,1
02
-
12
5,9
12
-
Ass
ets
- 3
,47
5
- 2
2,7
69
-
1,7
73
-
72
,24
6
- 1
00
,26
2
Lia
bil
itie
s3
2,6
31
-
36
,42
0
- 1
6,7
76
-
14
0,3
47
-
22
6,1
74
-
Res
erve
asse
ts6
4,8
08
-
32
,58
4
- -
6,4
70
2
0,1
06
-
11
1,0
28
-
Net
err
ors
an
d o
mis
sio
ns
6,6
18
-
13
,74
4
- 1
4,0
80
-
- 3
0,6
89
3
,75
2
-
Fig
ure
s m
ay n
ot
add u
p d
ue
to r
oundin
g
Ta
ble
1.2
- B
ala
nce
of
Pa
ym
ents
Sta
tem
ent
of
Ma
lta
…
Sum
mar
y o
f th
e T
ransa
ctio
ns
on a
quar
terl
y b
asis
Q1-Q
4
Lm
thousa
nds
1995
Q1
Q2
Q3
Q4
5
Summary tablesMalta with the world
Cre
dit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
it
Cu
rren
t a
cco
un
t-
39
,18
8
- 1
9,6
39
-
39
,17
7
- 4
8,1
63
-
14
6,1
67
Go
od
s, S
erv
ices
an
d I
nco
me
25
6,8
96
2
96
,17
1
29
1,9
22
3
14
,61
4
29
7,2
71
3
40
,60
6
29
0,3
56
3
42
,29
5
1,1
36
,44
5
1,2
93
,68
6
Go
od
s an
d S
erv
ices
22
9,5
24
2
75
,27
0
26
7,5
90
2
98
,28
4
26
5,5
20
3
15
,93
9
26
2,2
03
2
96
,86
8
1,0
24
,83
7
1,1
86
,36
1
Goods
15
4,8
52
2
24
,98
6
16
8,0
55
2
36
,33
0
14
3,2
41
2
42
,61
3
17
2,9
52
2
37
,30
5
63
9,1
00
9
41
,23
4
Ser
vic
es7
4,6
72
5
0,2
84
9
9,5
35
6
1,9
54
1
22
,27
9
73
,32
6
89
,25
1
59
,56
3
38
5,7
37
2
45
,12
7
Inco
me
27,3
72
20
,90
1
24
,33
2
16
,33
0
31
,75
1
24
,66
7
28
,15
3
45
,42
7
11
1,6
08
1
07
,32
5
Com
pen
sati
on o
f em
plo
yee
s1,2
71
634
1,1
19
62
7
85
0
70
8
76
6
93
9
4,0
06
2
,90
8
Inves
tmen
t in
com
e26,1
01
20,2
67
23,2
13
15
,70
3
30
,90
1
23
,95
9
27
,38
7
44
,48
8
10
7,6
02
1
04
,41
7
Cu
rren
t tr
ansf
ers
7,1
63
7
,07
6
7,8
86
4
,83
3
7,3
67
3
,20
9
8,8
25
5
,04
9
31
,24
1
20
,16
7
Cen
tral
gover
nm
ent
65
281
120
147
72
120
65
169
322
717
Oth
er s
ecto
rs7
,09
8
6,7
95
7
,76
6
4,6
86
7
,29
5
3,0
89
8
,76
0
4,8
80
3
0,9
19
1
9,4
50
Ca
pit
al
an
d F
ina
nci
al
Acc
ou
nts
25
,65
8
- 2
4,6
26
-
15
,72
0
- 5
9,9
50
-
12
5,9
56
-
Cap
ital
acc
ou
nt
48
2
25
3
7,2
67
5
08
1
,29
4
74
1
14
,21
7
66
1
23
,26
0
2,1
63
Fin
anci
al a
cco
un
t2
5,4
29
-
17
,86
7
- 1
5,1
67
-
46
,39
4
- 1
04
,85
9
-
Dir
ect
Inv
estm
ent
- 4
,87
5
5,6
06
-
80
,76
0
- 1
5,9
24
-
97
,41
4
-
Ab
road
- 1
,16
1
- 2
39
-
62
4
- 2
71
-
2,2
95
In M
alta
- 3
,71
4
5,8
45
-
81
,38
4
- 1
6,1
95
-
99
,70
9
-
Po
rtfo
lio
in
ves
tmen
t1
4,0
73
-
8,0
30
-
- 8
2,0
04
1
7,7
70
-
- 4
2,1
29
Ass
ets
13
,99
0
- 7
,80
9
- -
82
,23
5
17
,20
6
- -
43
,22
8
Lia
bil
itie
s8
3
- 2
21
-
23
1
- 5
64
-
1,0
99
-
Oth
er i
nv
estm
ent
9,9
18
-
3,7
79
-
- 1
2,2
07
1
7,5
00
-
18
,98
9
-
Ass
ets
- 2
6,5
96
-
56
,02
7
- 7
3,1
09
-
67
,44
1
- 2
23
,17
4
Lia
bil
itie
s3
6,5
14
-
59
,80
6
- 6
0,9
02
-
84
,94
1
- 2
42
,16
3
-
Res
erv
e as
sets
6,3
13
-
45
2
- 2
8,6
19
-
- 4
,79
9
30
,58
5
-
Net
err
ors
an
d o
mis
sio
ns
13
,53
0
- -
4,9
87
2
3,4
57
-
- 1
1,7
87
2
0,2
11
-
Fig
ure
s m
ay n
ot
add u
p d
ue
to r
oundin
g
Lm
thousa
nds
1996
Q1
Q2
Q3
Q4
Q1-Q
4
… T
ab
le 1
.2 -
Ba
lan
ce o
f P
ay
men
ts S
tate
men
t o
f M
alt
aS
um
mar
y o
f th
e T
ransa
ctio
ns
on a
quar
terl
y b
asis
6
Summary tablesMalta with the world
Cre
dit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
it
Cu
rren
t a
cco
un
t-
34
,81
9
- 2
3,5
83
2
4,2
16
-
- 4
2,3
65
-
76
,55
1
Go
od
s, S
erv
ices
an
d I
nco
me
26
4,7
48
3
02
,38
7
30
7,5
97
3
38
,43
0
33
6,7
93
3
19
,70
1
30
2,3
59
3
48
,91
8
1,2
11
,49
7
1,3
09
,43
6
Go
od
s an
d S
erv
ices
23
3,8
17
2
78
,60
2
27
4,3
17
3
08
,79
5
30
0,3
54
2
85
,95
8
26
3,6
70
3
00
,12
2
1,0
72
,15
8
1,1
73
,47
7
Goods
15
3,0
04
2
23
,21
5
16
2,2
02
2
41
,82
0
15
8,6
88
2
15
,80
5
16
8,0
65
2
39
,01
7
64
1,9
59
9
19
,85
7
Ser
vic
es8
0,8
13
5
5,3
87
1
12
,11
5
66
,97
5
14
1,6
66
7
0,1
53
9
5,6
05
6
1,1
05
4
30
,19
9
25
3,6
20
Inco
me
30,9
31
23
,78
5
33
,28
0
29
,63
5
36
,43
9
33
,74
3
38
,68
9
48
,79
6
13
9,3
39
1
35
,95
9
Com
pen
sati
on o
f em
plo
yee
s525
495
529
63
9
81
4
55
6
60
2
1,4
96
2
,47
0
3,1
86
Inves
tmen
t in
com
e30,4
06
23,2
90
32,7
51
28
,99
6
35
,62
5
33
,18
7
38
,08
7
47
,30
0
13
6,8
69
1
32
,77
3
Cu
rren
t tr
ansf
ers
10
,07
9
7,2
59
1
2,2
47
4
,99
7
12
,64
1
5,5
17
1
2,3
15
8
,12
1
47
,28
2
25
,89
4
Cen
tral
go
ver
nm
ent
63
5
52
3
1,7
48
6
36
8
71
7
21
1
,35
2
1,0
07
4
,60
6
2,8
87
Oth
er s
ecto
rs9
,44
4
6,7
36
1
0,4
99
4
,36
1
11
,77
0
4,7
96
1
0,9
63
7
,11
4
42
,67
6
23
,00
7
Ca
pit
al
an
d F
ina
nci
al
Acc
ou
nts
27
,88
5
- -
14
,73
2
- 1
7,1
49
4
4,8
48
-
40
,85
3
-
Cap
ital
acc
ou
nt
69
9
38
9
5,1
66
3
13
8
86
4
60
5
,94
1
8,3
02
1
2,6
92
9
,46
4
Fin
anci
al a
cco
un
t2
7,5
75
-
- 1
9,5
85
-
17
,57
5
47
,20
9
- 3
7,6
25
-
Dir
ect
Inv
estm
ent
9,8
69
-
11
,39
6
- 7
,66
1
- -
4,1
61
2
4,7
65
-
Ab
road
- 1
,31
5
- 3
8
- 2
,71
0
- 2
,36
0
- 6
,42
3
In M
alta
11
,18
4
- 1
1,4
34
-
10
,37
1
- -
1,8
01
3
1,1
88
-
Po
rtfo
lio
in
ves
tmen
t-
20
,84
5
22
,92
6
- 1
1,2
39
-
29
,12
0
- 4
2,4
40
-
Ass
ets
- 2
1,1
81
2
2,9
56
-
11
,30
4
- 2
9,1
99
-
42
,27
8
-
Lia
bil
itie
s3
36
-
- 3
0
- 6
5
- 7
9
16
2
-
Oth
er i
nv
estm
ent
26
,89
7
- -
37
,39
7
- 4
7,3
85
3
0,9
58
-
- 2
6,9
27
Ass
ets
- 9
7,4
55
-
28
8,5
06
2
8,7
10
-
- 2
5,5
29
-
38
2,7
80
Lia
bil
itie
s1
24
,35
2
- 2
51
,10
9
- -
76
,09
5
56
,48
7
- 3
55
,85
3
-
Res
erv
e as
sets
11
,65
4
- -
16
,50
9
10
,91
0
- -
8,7
08
-
2,6
53
Net
err
ors
an
d o
mis
sio
ns
6,9
34
-
38
,31
5
- -
7,0
67
-
2,4
83
3
5,6
98
-
Fig
ure
s m
ay n
ot
add u
p d
ue
to r
oundin
g
1997
Q1
Q2
Q3
Q4
Q1-Q
4
Lm
thousa
nds
… T
ab
le 1
.2 -
Ba
lan
ce o
f P
ay
men
ts S
tate
men
t o
f M
alt
aS
um
mar
y o
f th
e T
ransa
ctio
ns
on a
quar
terl
y b
asis
7
Summary tablesMalta with the world
Cre
dit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
it
Cu
rren
t a
cco
un
t-
25
,08
7
- 8
,59
3
11
,03
7
- -
61
,83
1
- 8
4,4
74
Go
od
s, S
erv
ices
an
d I
nco
me
29
0,5
58
3
17
,88
4
35
2,5
95
3
67
,61
6
37
7,5
64
3
72
,39
9
34
3,9
17
4
13
,50
8
1,3
64
,63
4
1,4
71
,40
7
Go
od
s an
d S
erv
ices
25
1,4
04
2
73
,84
3
30
6,0
36
3
22
,15
1
32
4,8
25
3
19
,46
9
28
4,5
11
3
32
,66
5
1,1
66
,77
6
1,2
48
,12
8
Goods
16
8,3
41
2
17
,48
3
18
4,9
88
2
54
,19
1
17
7,7
87
2
42
,48
8
17
7,2
34
2
54
,82
6
70
8,3
50
9
68
,98
8
Ser
vic
es8
3,0
63
5
6,3
60
1
21
,04
8
67
,96
0
14
7,0
38
7
6,9
81
1
07
,27
7
77
,83
9
45
8,4
26
2
79
,14
0
Inco
me
39,1
54
44
,04
1
46
,55
9
45
,46
5
52
,73
9
52
,93
0
59
,40
6
80
,84
3
19
7,8
58
2
23
,27
9
Com
pen
sati
on o
f em
plo
yee
s7
53
7
09
1
,09
5
66
7
1,4
37
3
07
1
,04
4
69
0
4,3
29
2
,37
3
Inves
tmen
t in
com
e38,4
01
43,3
32
45,4
64
44
,79
8
51
,30
2
52
,62
3
58
,36
2
80
,15
3
19
3,5
29
2
20
,90
6
Cu
rren
t tr
ansf
ers
10
,74
3
8,5
04
1
1,9
62
5
,53
4
9,7
90
3
,91
8
12
,12
0
4,3
60
4
4,6
15
2
2,3
16
Cen
tral
go
ver
nm
ent
2,2
42
1
,32
7
76
5
73
7
1,1
96
8
83
1
,46
4
1,7
40
5
,66
7
4,6
87
Oth
er s
ecto
rs8
,50
1
7,1
77
1
1,1
97
4
,79
7
8,5
94
3
,03
5
10
,65
6
2,6
20
3
8,9
48
1
7,6
29
Ca
pit
al
an
d F
ina
nci
al
Acc
ou
nts
10
,48
7
- 2
,78
4
- -
14
,37
1
50
,51
8
- 4
9,4
18
-
Cap
ital
acc
ou
nt
1,4
84
5
06
5
,74
7
42
3
3,5
02
4
84
2
,24
2
41
5
12
,97
5
1,8
28
Fin
anci
al a
cco
un
t9
,50
9
- -
2,5
40
-
17
,38
9
48
,69
1
- 3
8,2
71
-
Dir
ect
Inv
estm
ent
- 1
7,3
99
1
4,1
55
-
31
,90
1
- 6
9,2
48
-
97
,90
5
-
Ab
road
- 6
,42
2
- 4
3
98
1
- -
26
8
- 5
,75
2
In M
alta
- 1
0,9
77
1
4,1
98
-
30
,92
0
- 6
9,5
16
-
10
3,6
57
-
Po
rtfo
lio
in
ves
tmen
t-
31
,58
2
- 3
7,7
18
6
1,3
61
-
- 2
4,3
09
-
32
,24
8
Ass
ets
- 3
3,6
19
-
52
,02
4
54
,88
1
- -
24
,50
4
- 5
5,2
65
Lia
bil
itie
s2
,03
7
- 1
4,3
06
-
6,4
80
-
19
5
- 2
3,0
18
-
Oth
er i
nv
estm
ent
49
,89
6
- 5
1,2
85
-
- 8
2,3
87
2
7,4
39
-
46
,23
3
-
Ass
ets
- 1
63
,51
8
- 2
09
,85
4
- 1
24
,91
8
- 2
94
,64
9
- 7
92
,93
8
Lia
bil
itie
s2
13
,41
3
- 2
61
,13
9
- 4
2,5
31
-
32
2,0
88
-
83
9,1
71
-
Res
erv
e as
sets
8,5
94
-
- 3
0,2
63
-
28
,26
4
- 2
3,6
87
-
73
,62
0
Net
err
ors
an
d o
mis
sio
ns
14
,60
0
- 5
,80
9
- 3
,33
4
- 1
1,3
13
-
35
,05
6
-
Fig
ure
s m
ay n
ot
add u
p d
ue
to r
oundin
g
1998
Q1
Q2
Q3
Q4
Q1-Q
4
Lm
thousa
nds
Sum
mar
y o
f th
e T
ransa
ctio
ns
on a
quar
terl
y b
asis
… T
ab
le 1
.2 -
Ba
lan
ce o
f P
ay
men
ts S
tate
men
t o
f M
alt
a
8
Summary tablesMalta with the world
Cre
dit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
it
Cu
rren
t a
cco
un
t-
2,3
85
-
16
,10
9
29
,60
5
- -
60
,37
7
- 4
9,2
66
Go
od
s, S
erv
ices
an
d I
nco
me
36
6,3
80
3
71
,56
8
44
8,0
64
4
69
,86
1
48
6,7
62
4
61
,56
1
48
5,2
97
5
49
,77
8
1,7
86
,50
3
1,8
52
,76
8
Go
od
s an
d S
erv
ices
27
5,8
56
2
96
,08
5
32
4,0
28
3
42
,87
8
35
3,3
08
3
41
,71
5
33
9,5
25
3
91
,21
4
1,2
92
,71
7
1,3
71
,89
2
Goods
18
9,2
39
2
35
,56
9
20
4,1
89
2
65
,22
8
19
0,8
39
2
56
,44
8
22
0,7
62
3
13
,01
8
80
5,0
29
1
,07
0,2
63
Ser
vic
es8
6,6
17
6
0,5
16
1
19
,83
9
77
,65
0
16
2,4
69
8
5,2
67
1
18
,76
3
78
,19
6
48
7,6
88
3
01
,62
9
Inco
me
90,5
24
75
,48
3
12
4,0
36
1
26
,98
3
13
3,4
54
1
19
,84
6
14
5,7
72
1
58
,56
4
49
3,7
86
4
80
,87
6
Com
pen
sati
on o
f em
plo
yee
s6
76
6
99
1
,04
6
1,0
46
1
,55
6
68
8
57
7
94
9
3,8
55
3
,38
2
Inv
estm
ent
inco
me
89
,84
8
74
,78
4
12
2,9
90
1
25
,93
7
13
1,8
98
1
19
,15
8
14
5,1
95
1
57
,61
5
48
9,9
31
4
77
,49
4
Cu
rren
t tr
ansf
ers
12
,02
6
9,2
23
1
1,6
44
5
,95
6
11
,28
0
6,8
76
1
3,0
60
8
,95
6
48
,01
0
31
,01
1
Cen
tral
go
ver
nm
ent
1,5
10
1
,69
9
38
9
1,0
19
8
35
1
,44
9
46
0
2,5
57
3
,19
4
6,7
24
Oth
er s
ecto
rs1
0,5
16
7
,52
4
11
,25
5
4,9
37
1
0,4
45
5
,42
7
12
,60
0
6,3
99
4
4,8
16
2
4,2
87
Ca
pit
al
an
d F
ina
nci
al
Acc
ou
nts
32
,20
6
- 2
4,6
18
-
- 2
8,4
39
4
6,9
99
-
75
,38
4
-
Cap
ital
acc
ou
nt
10
8
57
9
6,6
34
1
52
1
,75
2
24
1
4,0
24
1
,16
7
12
,51
8
2,1
39
Fin
anci
al a
cco
un
t3
2,6
77
-
18
,13
6
- -
29
,95
0
44
,14
2
- 6
5,0
05
-
Dir
ect
Inv
estm
ent
- 2
,64
0
14
4,6
21
-
49
,94
3
- 1
18
,16
1
- 3
10
,08
5
-
Ab
road
- 5
,02
1
16
9
- 7
88
-
- 1
3,8
00
-
17
,86
4
In M
alta
2,3
81
-
14
4,4
52
-
49
,15
5
- 1
31
,96
1
- 3
27
,94
9
-
Po
rtfo
lio
in
ves
tmen
t-
32
,58
8
- 6
3,0
51
-
88
,74
3
- 1
6,8
91
-
20
1,2
73
Ass
ets
- 2
9,5
32
-
58
,90
1
- 8
7,4
83
-
12
,19
6
- 1
88
,11
2
Lia
bil
itie
s-
3,0
56
-
4,1
50
-
1,2
60
-
4,6
95
-
13
,16
1
Oth
er i
nv
estm
ent
64
,28
3
- -
15
,21
8
18
,03
4
- -
14
,60
6
52
,49
4
-
Ass
ets
- 4
16
,61
4
- 2
30
,90
7
- 2
,20
4
24
,82
8
- -
62
4,8
97
Lia
bil
itie
s4
80
,89
7
- 2
15
,68
9
- 2
0,2
38
-
- 3
9,4
33
6
77
,39
1
-
Res
erv
e as
sets
3,6
22
-
- 4
8,2
16
-
9,1
84
-
42
,52
3
- 9
6,3
01
Net
err
ors
an
d o
mis
sio
ns
- 2
9,8
21
-
8,5
09
-
1,1
66
1
3,3
78
-
- 2
6,1
18
Fig
ure
s m
ay n
ot
add u
p d
ue
to r
oundin
g
1999
Q1
Q2
Q3
Q4
Q1-Q
4
… T
ab
le 1
.2 -
Ba
lan
ce o
f P
ay
men
ts S
tate
men
t o
f M
alt
aS
um
mar
y o
f th
e T
ransa
ctio
ns
on a
quar
terl
y b
asis
Lm
thousa
nds
9
Summary tablesMalta with the world
Cre
dit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
it
Cu
rren
t a
cco
un
t-
31
,46
4
- 4
2,4
24
6
4
- -
13
5,3
85
-
20
9,2
10
Go
od
s, S
erv
ices
an
d I
nco
me
46
0,2
19
4
93
,45
0
50
8,9
83
5
55
,75
6
54
1,7
32
5
44
,18
6
45
0,1
85
5
88
,09
7
1,9
61
,11
9
2,1
81
,49
0
Go
od
s an
d S
erv
ices
33
5,4
28
3
79
,73
4
39
6,4
69
4
46
,04
4
43
1,8
98
4
39
,45
6
40
9,0
28
4
74
,86
5
1,5
72
,82
3
1,7
40
,10
0
Goods
24
2,2
84
3
06
,73
5
27
0,3
08
3
65
,42
8
27
3,3
34
3
51
,61
2
30
1,7
71
3
94
,91
6
1,0
87
,69
7
1,4
18
,69
1
Ser
vic
es9
3,1
44
7
2,9
99
1
26
,16
1
80
,61
6
15
8,5
64
8
7,8
44
1
07
,25
7
79
,94
9
48
5,1
26
3
21
,40
9
Inco
me
124,7
91
11
3,7
16
1
12
,51
4
10
9,7
12
1
09
,83
4
10
4,7
30
4
1,1
57
1
13
,23
2
38
8,2
96
4
41
,39
0
Com
pen
sati
on o
f em
plo
yee
s9
15
6
57
1
,06
1
94
4
92
1
62
6
1,4
55
9
64
4
,35
2
3,1
91
Inves
tmen
t in
com
e123,8
76
113,0
59
11
1,4
53
1
08
,76
8
10
8,9
13
1
04
,10
4
39
,70
2
11
2,2
68
3
83
,94
4
43
8,1
99
Cu
rren
t tr
ansf
ers
11
,09
7
9,3
30
1
1,1
62
6
,81
3
11
,44
7
8,9
29
1
0,8
56
8
,32
9
44
,56
2
33
,40
1
Cen
tral
gover
nm
ent
563
2,1
25
3,3
56
2,1
40
4,3
92
2
,41
1
3,1
38
4
,42
6
11
,44
9
11
,10
2
Oth
er s
ecto
rs1
0,5
34
7
,20
5
7,8
06
4
,67
3
7,0
55
6
,51
8
7,7
18
3
,90
3
33
,11
3
22
,29
9
Ca
pit
al
an
d F
ina
nci
al
Acc
ou
nts
68
,83
1
- 5
,09
7
- 2
0,6
64
-
79
,02
0
- 1
73
,61
2
-
Cap
ital
acc
ou
nt
15
1
1,2
35
6
,28
2
16
5
32
1
61
8
3,8
89
3
58
1
0,6
43
2
,37
6
Fin
anci
al a
cco
un
t6
9,9
15
-
- 1
,02
0
20
,96
1
- 7
5,4
89
-
16
5,3
45
-
Dir
ect
Inv
estm
ent
11
,15
7
- 2
5,9
52
-
26
,78
0
- 1
97
,20
8
- 2
61
,09
7
-
Ab
road
- 2
,61
9
- 1
,61
1
- 7
25
-
6,4
34
-
11
,38
9
In M
alta
13
,77
6
- 2
7,5
63
-
27
,50
5
- 2
03
,64
2
- 2
72
,48
6
-
Po
rtfo
lio
in
ves
tmen
t2
5,5
24
-
- 9
1,6
65
4
9,2
08
-
- 3
26
,05
4
- 3
42
,98
7
Ass
ets
25
,32
9
- -
88
,70
3
50
,37
6
- -
32
6,2
54
-
33
9,2
52
Lia
bil
itie
s1
95
-
- 2
,96
2
- 1
,16
8
20
0
- -
3,7
35
Oth
er i
nv
estm
ent
90
0
- 5
8,4
83
-
- 6
1,4
44
1
51
,72
5
- 1
49
,66
5
-
Ass
ets
19
7,3
37
-
11
,82
8
- -
53
3,9
67
-
10
4,7
76
-
42
9,5
78
Lia
bil
itie
s-
19
6,4
37
4
6,6
56
-
47
2,5
23
-
25
6,5
01
-
57
9,2
43
-
Res
erv
e as
sets
32
,33
4
- 6
,20
9
- 6
,41
7
- 5
2,6
10
-
97
,57
0
-
Net
err
ors
an
d o
mis
sio
ns
- 3
7,3
67
3
7,3
27
-
- 2
0,7
28
5
6,3
66
-
35
,59
8
-
Fig
ure
s m
ay n
ot
add u
p d
ue
to r
oundin
g
2000
Q1
Q2
Q3
Q4
Q1-Q
4
Lm
thousa
nds
… T
ab
le 1
.2 -
Ba
lan
ce o
f P
ay
men
ts S
tate
men
t o
f M
alt
aS
um
mar
y o
f th
e T
ransa
ctio
ns
on a
quar
terl
y b
asis
10
Summary tablesMalta with the world
Cre
dit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
it
Cu
rren
t a
cco
un
t-
34
,82
6
- 1
,89
0
8,6
88
-
- 4
5,6
01
-
73
,62
9
Go
od
s, S
erv
ices
an
d I
nco
me
38
3,2
37
4
17
,07
4
53
6,9
27
5
41
,06
4
43
7,9
65
4
30
,61
9
41
3,9
09
4
60
,67
5
1,7
72
,03
8
1,8
49
,43
2
Go
od
s an
d S
erv
ices
33
6,5
64
3
81
,95
8
36
2,9
34
3
72
,12
5
36
6,7
99
3
58
,56
4
33
2,8
35
3
74
,98
6
1,3
99
,13
2
1,4
87
,63
3
Goods
24
5,2
41
3
09
,94
9
22
9,5
15
2
91
,78
6
20
4,3
97
2
64
,81
2
22
1,4
48
2
88
,71
9
90
0,6
01
1
,15
5,2
66
Ser
vic
es9
1,3
23
7
2,0
09
1
33
,41
9
80
,33
9
16
2,4
02
9
3,7
52
1
11
,38
7
86
,26
7
49
8,5
31
3
32
,36
7
Inco
me
46,6
73
35
,11
6
17
3,9
93
1
68
,93
9
71
,16
6
72
,05
5
81
,07
4
85
,68
9
37
2,9
06
3
61
,79
9
Com
pen
sati
on o
f em
plo
yee
s561
771
437
735
784
742
661
830
2,4
43
3,0
78
Inves
tmen
t in
com
e46,1
12
34,3
45
173,5
56
16
8,2
04
7
0,3
82
7
1,3
13
8
0,4
13
8
4,8
59
3
70
,46
3
35
8,7
21
Cu
rren
t tr
ansf
ers
15
,91
4
16
,90
3
29
,60
2
27
,35
5
17
,91
1
16
,56
9
22
,51
7
21
,35
2
85
,94
4
82
,17
9
Cen
tral
go
ver
nm
ent
4,1
24
3
,85
8
12
,98
6
12
,16
8
6,3
17
3
,31
0
4,8
91
5
,38
7
28
,31
8
24
,72
3
Oth
er s
ecto
rs1
1,7
90
1
3,0
45
1
6,6
16
1
5,1
87
1
1,5
94
1
3,2
59
1
7,6
26
1
5,9
65
5
7,6
26
5
7,4
56
Ca
pit
al
an
d F
ina
nci
al
Acc
ou
nts
31
,81
2
- -
24
,07
2
- 1
32
-
2,3
29
5
,27
8
-
Cap
ital
acc
ou
nt
17
5
24
1
12
5
39
5
18
0
26
1
1,4
77
3
97
1
,95
7
1,2
94
Fin
anci
al a
cco
un
t3
1,8
78
-
- 2
3,8
02
-
51
- 3
,40
9
4,6
15
-
Dir
ect
Inv
estm
ent
- 1
72
,31
3
11
3,0
13
-
- 2
3,9
86
1
98
,93
0
- 1
15
,64
4
-
Abro
ad-
202
731
- -
11
,25
2
- 1
6
- 1
0,7
39
In M
alta
- 1
72
,11
1
11
2,2
82
-
- 1
2,7
34
1
98
,94
6
- 1
26
,38
3
-
Port
foli
o i
nves
tmen
t15,4
49
- 254,4
08
- -
14
2,9
87
-
32
3,6
97
-
19
6,8
26
Ass
ets
16
,49
5
- 2
47
,52
9
- -
14
5,4
27
-
31
5,7
09
-
19
7,1
11
Lia
bil
itie
s-
1,0
46
6
,87
9
- 2
,44
0
- -
7,9
88
2
85
-
Oth
er i
nves
tmen
t175,8
28
- -
37
5,7
98
2
11
,75
5
- 1
89
,35
5
- 2
01
,13
9
-
Ass
ets
81
6,8
09
-
25
,82
5
- 3
20
,12
3
- -
34
6,2
48
8
16
,51
0
-
Lia
bil
itie
s-
64
0,9
82
-
40
1,6
23
-
10
8,3
68
5
35
,60
3
- -
61
5,3
71
Res
erve
asse
ts12,9
14
- -
15
,42
5
- 4
4,8
34
-
67
,99
7
- 1
15
,34
2
Net
err
ors
an
d o
mis
sio
ns
3,0
14
-
25
,96
2
- -
8,5
56
4
7,9
30
-
68
,35
1
-
Q1-Q
4Q
1Q
2Q
3Q
4
… T
ab
le 1
.2 -
Ba
lan
ce o
f P
ay
men
ts S
tate
men
t o
f M
alt
aS
um
mar
y o
f th
e T
ransa
ctio
ns
on a
quar
terl
y b
asis
Lm
thousa
nds
2001
11
Summary tablesMalta with the world
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
G
ood
s (n
et)
-285,8
21
-302,1
34
-277,8
98
-260,6
38
-265,2
34
-330,9
94
-254,6
65
-64,4
51
-95,1
20
-78,2
78
-93,1
45
-64,7
08
-62,2
71
-60,4
15
-67,2
71
G
ener
al m
erch
and
ise
-28
6,7
12
-3
04
,21
2
-28
6,3
72
-2
64
,34
1
-27
5,6
82
-3
61
,41
9
-28
2,9
60
-7
2,7
75
-1
02
,48
1
-86
,63
4
-99
,529
-69,1
48
-68,5
01
-69,8
10
-75,5
01
R
epai
rs o
n g
oods
-2,7
85
-4,1
00
-4,1
15
-4,0
29
-7,7
98
-9,0
16
-11,1
47
-1,9
03
-1,7
98
-2,5
54
-2,7
61
-2,4
07
-2,5
88
-2,7
43
-3,4
09
G
oods
pro
cure
d i
n p
ort
s by c
arri
ers
11,6
42
16,9
39
21,8
97
15,8
35
25,8
17
49,3
14
49,8
15
12,0
29
11,8
10
13,4
44
12,0
31
9,5
83
11,4
93
14,6
48
14,0
91
N
onm
onet
ary g
old
-7,9
66
-10,7
61
-9,3
08
-8,1
03
-7,5
71
-9,8
73
-10,3
73
-1,8
02
-2,6
51
-2,5
34
-2,8
86
-2,7
36
-2,6
75
-2,5
10
-2,4
52
Cre
dit
687,8
99
639,1
00
641,9
59
708,3
50
805,0
29
1,0
87,6
97
900,6
01
242,2
84
270,3
08
273,3
34
301,7
71
245,2
41
229,5
15
204,3
97
221,4
48
E
xport
s F
OB
669,8
77
615,1
34
612,8
16
688,4
80
774,0
98
1,0
30,2
12
843,2
85
228,8
86
256,4
83
257,0
74
287,7
69
234,3
38
215,9
25
187,1
01
205,9
21
Ex
po
rts
of
go
od
s in
tra
de
stat
isti
cs7
01
,20
2
63
9,1
59
6
42
,35
5
72
4,3
27
8
05
,85
1
1,0
88
,49
4
90
1,4
26
2
42
,53
4
27
0,5
98
273,4
10
301,9
52
245,3
37
229,5
57
204,6
00
221,9
32
A
dju
stm
ents
-31,3
25
-24,0
25
-29,5
39
-35,8
47
-31,7
53
-58,2
82
-58,1
41
-13,6
48
-14,1
15
-16,3
36
-14,1
83
-10,9
99
-13,6
32
-17,4
99
-16,0
11
F
or
cover
age
-14,9
03
-985
-1,1
21
-16,0
74
-956
-821
-825
-274
-290
-76
-181
-96
-42
-203
-484
F
or
clas
sifi
cati
on
-16,4
22
-23,0
40
-28,4
18
-19,7
73
-30,7
97
-57,4
61
-57,3
16
-13,3
74
-13,8
25
-16,2
60
-14,0
02
-10,9
03
-13,5
90
-17,2
96
-15,5
27
R
epai
rs o
n g
oods
1,6
00
926
725
97
134
24
0
24
0
0
0
0
0
0
0
G
oods
pro
cure
d i
n p
ort
s by c
arri
ers
16,4
22
23,0
40
28,4
18
19,7
73
30,7
97
57,4
61
57,3
16
13,3
74
13,8
25
16,2
60
14,0
02
10,9
03
13,5
90
17,2
96
15,5
27
Deb
it973,7
20
941,2
34
919,8
57
968,9
88
1,0
70,2
63
1,4
18,6
91
1,1
55,2
66
306,7
35
365,4
28
351,6
12
394,9
16
309,9
49
291,7
86
264,8
12
288,7
19
Im
port
s F
OB
956,5
89
919,3
46
899,1
88
952,8
21
1,0
49,7
80
1,3
91,6
31
1,1
26,2
45
301,6
61
358,9
64
343,7
08
387,2
98
303,4
86
284,4
26
256,9
11
281,4
22
Im
port
s of
goods
in t
rade
stat
isti
cs1,0
37,6
57
1,0
07,7
97
984,2
38
1,0
34,9
21
1,1
35,7
96
1,4
92,3
77
1,2
25,1
58
324,6
01
385,3
23
368,1
62
414,2
91
328,3
01
309,4
60
280,9
97
306,4
00
A
dju
stm
ents
-81,0
68
-88,4
51
-85,0
50
-82,1
00
-86,0
16
-100,7
46
-98,9
13
-22,9
40
-26,3
59
-24,4
54
-26,9
93
-24,8
15
-25,0
34
-24,0
86
-24,9
78
F
or
cover
age
-7,8
75
-14,6
48
-11,0
06
-9,7
49
-9,0
22
-11,3
61
-11,3
00
-2,3
26
-3,1
31
-2,9
75
-2,9
29
-3,0
07
-2,8
96
-2,6
39
-2,7
58
F
or
clas
sifi
cati
on
-73,1
93
-73,8
03
-74,0
44
-72,3
51
-76,9
94
-89,3
85
-87,6
13
-20,6
14
-23,2
28
-21,4
79
-24,0
64
-21,8
08
-22,1
38
-21,4
47
-22,2
20
R
epai
rs o
n g
oods
4,3
85
5,0
26
4,8
40
4,1
26
7,9
32
9,0
40
11,1
47
1,9
27
1,7
98
2,5
54
2,7
61
2,4
07
2,5
88
2,7
43
3,4
09
G
oods
pro
cure
d i
n p
ort
s by c
arri
ers
4,7
80
6,1
01
6,5
21
3,9
38
4,9
80
8,1
47
7,5
01
1,3
45
2,0
15
2,8
16
1,9
71
1,3
20
2,0
97
2,6
48
1,4
36
N
onm
onet
ary g
old
7,9
66
10,7
61
9,3
08
8,1
03
7,5
71
9,8
73
10,3
73
1,8
02
2,6
51
2,5
34
2,8
86
2,7
36
2,6
75
2,5
10
2,4
52
Fig
ure
s m
ay n
ot
add u
p d
ue
to r
oundin
g
2000
2001
2001
Lm
thousa
nds
Ta
ble
1.3
- G
oo
ds
Acc
ou
nt
Tra
nsa
ctio
ns
on
a n
et a
nd
gro
ss b
asis
1999
2000
1995
1996
-277898
1998
12
Summary tablesMalta with the world
Lm
thousa
nds
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
S
erv
ices
(n
et)*
13
4,8
16
1
40
,61
0
17
6,5
79
1
79
,28
6
18
6,0
59
1
63
,71
7
16
6,1
64
2
0,1
45
4
5,5
45
7
0,7
20
2
7,3
08
1
9,3
14
5
3,0
80
6
8,6
50
2
5,1
20
T
ran
spo
rtat
ion
-10
,61
5
-14
,15
8
-4,2
12
4
,67
2
45
3
-8,3
63
4
,62
3
-1,6
98
-2
,60
8
2,8
78
-6
,93
5
-2,8
49
3
15
1
0,8
78
-3
,72
2
o
f w
hic
h :
Pas
sen
ger
47
,12
5
44
,31
0
49
,81
6
53
,14
3
57
,65
1
52
,90
7
53
,88
0
9,3
21
1
4,3
97
1
9,9
25
9
,26
4
6,5
40
1
5,9
44
2
1,1
57
1
0,2
39
F
reig
ht
-57
,02
7
-58
,41
6
-52
,77
8
-48
,66
0
-53
,25
0
-65
,82
9
-64
,73
0
-14,8
36
-16,3
85
-16,0
10
-18,5
98
-15,6
80
-17,0
96
-15,7
44
-16,2
11
O
ther
-71
3
-52
-1
,25
0
18
9
-3,9
48
4
,55
9
15
,47
3
3,8
17
-6
20
-1
,03
7
2,3
99
6
,29
1
1,4
67
5
,46
5
2,2
50
T
rav
el1
57
,39
0
14
9,9
66
1
76
,24
8
17
9,6
77
1
91
,24
9
18
0,2
21
1
79
,51
1
27
,05
4
50
,61
4
62
,96
9
39
,58
4
29
,67
9
52
,16
1
64
,43
7
33
,23
4
C
om
mu
nic
atio
n s
erv
ices
-18
7
2,0
00
1
,17
2
2,1
18
3
,66
5
4,3
56
5
,64
7
68
5
99
1
1,6
11
1
,06
9
1,0
60
1
,26
4
1,4
51
1
,87
2
I
nsu
rance
ser
vic
es-8
,856
-11,3
64
-9,6
73
-15,9
38
-10,0
64
-11,7
87
-19,8
42
-1,2
58
-4,3
37
-1,1
25
-5,0
68
-3,8
60
-5,0
32
-4,9
11
-6,0
38
O
ther
pri
vat
e b
usi
nes
s se
rvic
es,
n.i
.e.
-4,2
91
1
3,0
22
1
5,2
60
1
2,4
61
8
,96
1
2,5
64
-1
,74
8
-4,1
44
1
,20
9
5,6
14
-1
15
-3
,56
1
4,5
85
-2
,09
3
-67
9
G
ov
ern
men
t se
rvic
es,
n.i
.e.
1,3
75
1
,14
4
-2,2
16
-3
,70
4
-8,2
05
-3
,27
4
-2,0
27
-4
94
-324
-1,2
28
-1,2
28
-1,1
55
-213
-1,1
12
453
Cre
dit
36
9,1
73
3
85
,73
7
43
0,1
99
4
58
,42
6
48
7,6
88
4
85
,12
6
49
8,5
31
9
3,1
44
1
26
,16
1
15
8,5
64
1
07
,25
7
91
,32
3
13
3,4
19
1
62
,40
2
11
1,3
87
T
ran
spo
rtat
ion
91
,77
4
92
,95
1
10
7,0
40
1
22
,33
5
13
2,8
59
1
31
,81
0
14
5,2
31
2
7,6
71
3
3,5
28
4
2,8
47
2
7,7
64
2
7,8
42
3
5,6
69
4
9,7
73
3
1,9
47
o
f w
hic
h :
Pas
sen
ger
55
,27
5
53
,42
2
59
,72
5
64
,03
6
69
,57
8
63
,34
3
64
,48
7
11
,72
1
17
,28
7
22
,58
8
11
,74
7
8,7
59
1
8,8
07
2
4,4
91
1
2,4
30
F
reig
ht
3,8
97
4
,33
2
9,7
23
1
2,2
05
1
1,4
99
1
0,6
74
1
0,2
65
2
,73
2
3,4
85
2
,33
1
2,1
26
2
,89
7
1,7
71
2
,67
9
2,9
18
O
ther
32
,60
2
35
,19
7
37
,59
2
46
,09
4
51
,78
2
57
,79
3
70
,47
9
13
,21
8
12
,75
6
17
,92
8
13
,89
1
16
,18
6
15
,09
1
22
,60
3
16
,59
9
T
rav
el2
32
,80
4
22
8,8
68
2
49
,83
6
25
4,6
17
2
71
,38
3
26
8,1
92
2
60
,74
5
42
,88
8
72
,19
9
91
,13
5
61
,97
0
46
,32
8
70
,42
0
88
,72
8
55
,26
9
C
om
mu
nic
atio
n s
erv
ices
5,5
70
7
,06
4
5,6
07
5
,95
0
8,7
40
1
0,4
46
1
1,0
57
2
,17
5
2,4
56
3
,32
3
2,4
92
2
,32
6
2,7
30
3
,03
8
2,9
63
I
nsu
ran
ce s
erv
ices
5,9
97
6
,37
3
7,0
25
7
,31
1
7,7
40
8
,21
4
9,2
94
2
,37
4
1,9
64
2
,10
8
1,7
68
1
,99
5
2,9
79
2
,05
8
2,2
62
O
ther
pri
vat
e b
usi
nes
s se
rvic
es,
n.i
.e.
25
,25
1
43
,58
3
52
,12
4
58
,74
8
59
,23
2
58
,69
2
63
,14
2
15
,78
2
14
,04
7
17
,26
0
11
,60
3
10
,58
9
19
,51
0
16
,94
4
16
,09
9
G
ov
ern
men
t se
rvic
es,
n.i
.e.
7,7
77
6
,89
8
8,5
67
9
,46
5
7,7
34
7
,77
2
9,0
62
2
,25
4
1,9
67
1
,89
1
1,6
60
2
,24
3
2,1
11
1
,86
1
2,8
47
Deb
it2
34
,35
7
24
5,1
27
2
53
,62
0
27
9,1
40
3
01
,62
9
32
1,4
09
3
32
,36
7
72
,99
9
80
,61
6
87
,84
4
79
,94
9
72
,00
9
80
,33
9
93
,75
2
86
,26
7
T
ran
spo
rtat
ion
10
2,3
89
1
07
,10
9
11
1,2
52
1
17
,66
3
13
2,4
06
1
40
,17
3
14
0,6
08
2
9,3
69
3
6,1
36
3
9,9
69
3
4,6
99
3
0,6
91
3
5,3
54
3
8,8
95
3
5,6
69
o
f w
hic
h :
Pas
sen
ger
8,1
50
9
,11
2
9,9
09
1
0,8
93
1
1,9
27
1
0,4
36
1
0,6
07
2
,40
0
2,8
90
2
,66
3
2,4
83
2
,21
9
2,8
63
3
,33
4
2,1
91
F
reig
ht
60
,92
4
62
,74
8
62
,50
1
60
,86
5
64
,74
9
76
,50
3
74
,99
5
17
,56
8
19
,87
0
18
,34
1
20
,72
4
18
,57
7
18
,86
7
18
,42
3
19
,12
9
O
ther
33
,31
5
35
,24
9
38
,84
2
45
,90
5
55
,73
0
53
,23
4
55
,00
6
9,4
01
1
3,3
76
1
8,9
65
1
1,4
92
9
,89
5
13
,62
4
17
,13
8
14
,34
9
T
rav
el7
5,4
14
7
8,9
02
7
3,5
88
7
4,9
40
8
0,1
34
8
7,9
71
8
1,2
34
1
5,8
34
2
1,5
85
2
8,1
66
2
2,3
86
1
6,6
49
1
8,2
59
2
4,2
91
2
2,0
35
C
om
munic
atio
n s
erv
ices
5,7
57
5
,06
4
4,4
35
3
,83
2
5,0
75
6
,09
0
5,4
10
1
,49
0
1,4
65
1
,71
2
1,4
23
1
,26
6
1,4
66
1
,58
7
1,0
91
I
nsu
ran
ce s
erv
ices
14
,85
3
17
,73
7
16
,69
8
23
,24
9
17
,80
4
20
,00
1
29
,13
6
3,6
32
6
,30
1
3,2
33
6
,83
6
5,8
55
8
,01
1
6,9
69
8
,30
0
O
ther
pri
vat
e b
usi
nes
s se
rvic
es,
n.i
.e.
29
,54
2
30
,56
1
36
,86
4
46
,28
7
50
,27
1
56
,12
8
64
,89
0
19
,92
6
12
,83
8
11
,64
6
11
,71
8
14
,15
0
14
,92
5
19
,03
7
16
,77
8
G
ov
ern
men
t se
rvic
es,
n.i
.e.
6,4
02
5
,75
4
10
,78
3
13
,16
9
15
,93
9
11
,04
6
11
,08
9
2,7
48
2
,29
1
3,1
19
2
,88
8
3,3
98
2
,32
4
2,9
73
2
,39
4
Fig
ure
s m
ay n
ot
add
up
du
e to
ro
un
din
g
1995
2000
2001
Tab
le 1
.4 -
Ser
vic
es A
ccou
nt
Tra
nsa
ctio
ns
on a
net
and g
ross
bas
is
2000
2001
1999
1998
1997
1996
13
The current accountMalta with the world -
goods account
Lm
thousa
nds
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
I
nco
me (
net)
14
,02
2
4,2
83
3
,38
0
-25
,42
1
12
,91
0
-53
,09
4
11
,10
7
11
,07
5
2,8
02
5
,10
4
-72
,07
5
11
,55
7
5,0
54
-8
89
-4
,61
5
Co
mp
ensa
tio
n o
f em
plo
yee
s2
,07
0
1,0
98
-7
16
1
,95
6
47
3
1,1
61
-6
35
2
58
1
17
2
95
4
91
-2
10
-2
98
4
2
-16
9
In
ves
tmen
t in
com
e1
1,9
52
3
,18
5
4,0
96
-2
7,3
77
1
2,4
37
-5
4,2
55
1
1,7
42
1
0,8
17
2
,68
5
4,8
09
-7
2,5
66
1
1,7
67
5
,35
2
-93
1
-4,4
46
I
nco
me
on
eq
uit
y-4
0,7
89
-5
2,2
98
-4
3,0
11
-6
3,4
22
-5
6,6
51
-1
33
,64
2
-50
,31
7
-29
,19
8
-36
,71
6
-20
,96
0
-46
,76
8
77,4
58
-8
9,5
37
-1
9,4
83
-1
8,7
55
D
ivid
end
s an
d d
istr
ibu
ted
bra
nch
pro
fits
-1
3,9
00
-1
8,0
65
-2
5,3
81
-2
6,9
27
-1
9,4
82
-2
1,7
09
-2
3,2
53
-1
23
-1
0,8
80
-1
,45
0
-9,2
56
1
,39
3
-2,7
47
-1
1,4
86
-1
0,4
13
R
ein
ves
ted
ear
nin
gs
and
un
dis
trib
ute
d b
ran
ch p
rofi
ts-2
6,8
89
-3
4,2
33
-1
7,6
30
-3
6,4
95
-3
7,1
69
-1
11
,93
3
-27
,06
4
-29
,07
5
-25
,83
6
-19
,51
0
-37
,51
2
76
,06
5
-86
,79
0
-7,9
97
-8
,34
2
In
com
e o
n d
ebt
(in
tere
st)
52
,87
2
55
,53
1
47
,28
4
36
,16
7
69
,69
2
80
,84
0
62
,50
5
40
,81
9
39
,72
6
25
,93
6
-25
,64
1
-65
,49
2
95
,04
3
18
,60
2
14
,35
2
Oth
er i
nv
estm
ent
-13
1
-48
-1
77
-1
22
-6
04
-1
,45
3
-44
6
-80
4
-32
5
-16
7
-15
7
-19
9
-15
4
-50
-4
3
Cre
dit
10
1,3
76
1
11
,60
8
13
9,3
39
1
97
,85
8
49
3,7
86
3
88
,29
6
37
2,9
06
1
24
,79
1
11
2,5
14
1
09
,83
4
41
,15
7
46
,67
3
17
3,9
93
7
1,1
66
8
1,0
74
C
om
pen
sati
on o
f em
plo
yee
s4
,77
6
4,0
06
2
,47
0
4,3
29
3
,85
5
4,3
52
2
,44
3
91
5
1,0
61
9
21
1
,45
5
56
1
43
7
78
4
66
1
In
ves
tmen
t in
com
e9
6,6
00
1
07
,60
2
13
6,8
69
1
93
,52
9
48
9,9
31
3
83
,94
4
37
0,4
63
1
23
,87
6
11
1,4
53
1
08
,91
3
39
,70
2
46
,11
2
17
3,5
56
7
0,3
82
8
0,4
13
In
com
e o
n e
qu
ity
4,3
11
4
,06
9
3,5
23
1
0,1
37
4
,62
4
5,5
94
6
,88
2
1,0
92
1
,66
9
1,4
93
1
,34
0
1,5
59
4
15
2
09
4
,69
9
D
ivid
end
s an
d d
istr
ibu
ted
bra
nch
pro
fits
4
,31
1
4,2
29
4
,21
9
11
,28
2
4,3
39
2
,65
4
3,5
37
6
22
6
69
4
93
8
70
1
,79
6
66
3
51
5
56
3
R
ein
ves
ted
ear
nin
gs
and
un
dis
trib
ute
d b
ran
ch p
rofi
ts0
-1
60
-6
96
-1
,14
5
28
5
2,9
40
3
,34
5
47
0
1,0
00
1
,00
0
47
0
-23
7
-24
8
-30
6
4,1
36
In
com
e o
n d
ebt
(in
tere
st)
92
,28
9
10
3,5
33
1
33
,34
6
18
3,3
92
4
85
,30
7
37
8,3
50
3
63
,58
1
12
2,7
84
1
09
,78
4
10
7,4
20
3
8,3
62
4
4,5
53
1
73
,14
1
70
,17
3
75
,71
4
Oth
er i
nv
estm
ent
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Deb
it8
7,3
54
1
07
,32
5
13
5,9
59
2
23
,27
9
48
0,8
76
4
41
,39
0
36
1,7
99
1
13
,71
6
10
9,7
12
1
04
,73
0
11
3,2
32
3
5,1
16
1
68
,93
9
72
,05
5
85
,68
9
C
om
pen
sati
on o
f em
plo
yee
s2
,70
6
2,9
08
3
,18
6
2,3
73
3
,38
2
3,1
91
3
,07
8
65
7
94
4
62
6
96
4
77
1
73
5
74
2
83
0
In
ves
tmen
t in
com
e8
4,6
48
1
04
,41
7
13
2,7
73
2
20
,90
6
47
7,4
94
4
38
,19
9
35
8,7
21
1
13
,05
9
10
8,7
68
1
04
,10
4
11
2,2
68
3
4,3
45
1
68
,20
4
71
,31
3
84
,85
9
In
com
e o
n e
qu
ity
45
,10
0
56
,36
7
46
,53
4
73
,55
9
61
,27
5
13
9,2
36
5
7,1
99
3
0,2
90
3
8,3
85
2
2,4
53
4
8,1
08
-7
5,8
99
8
9,9
52
1
9,6
92
2
3,4
54
D
ivid
end
s an
d d
istr
ibu
ted
bra
nch
pro
fits
1
8,2
11
2
2,2
94
2
9,6
00
3
8,2
09
2
3,8
21
2
4,3
63
2
6,7
90
7
45
1
1,5
49
1
,94
3
10
,12
6
40
3
3,4
10
1
2,0
01
1
0,9
76
R
ein
ves
ted
ear
nin
gs
and
un
dis
trib
ute
d b
ran
ch p
rofi
ts2
6,8
89
3
4,0
73
1
6,9
34
3
5,3
50
3
7,4
54
1
14
,87
3
30
,40
9
29
,54
5
26
,83
6
20
,51
0
37
,98
2
-76
,30
2
86
,54
2
7,6
91
1
2,4
78
In
com
e o
n d
ebt
(in
tere
st)
39
,41
7
48
,00
2
86
,06
2
14
7,2
25
4
15
,61
5
29
7,5
10
3
01
,07
6
81
,96
5
70
,05
8
81
,48
4
64
,00
3
11
0,0
45
7
8,0
98
5
1,5
71
6
1,3
62
Oth
er i
nv
estm
ent
13
1
48
1
77
1
22
6
04
1
,45
3
44
6
80
4
32
5
16
7
15
7
19
9
15
4
50
4
3
Fig
ure
s m
ay n
ot
add u
p d
ue
to r
oundin
g
1995
2000
2001
Tab
le 1
.5 -
In
com
e A
ccou
nt
Tra
nsa
ctio
ns
on
a n
et a
nd
gro
ss b
asis
2000
2001
1999
1998
1997
1996
14
The current accountMalta with the world -services account
Lm
thousa
nds
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
C
urr
ent
tran
sfer
s (n
et)
9,0
63
11,0
74
21,3
88
22,2
99
16,9
99
11,1
61
3,7
65
1,7
67
4,3
49
2,5
18
2,5
27
-989
2,2
47
1,3
42
1,1
65
G
ener
al g
over
nm
ent
-836
-395
1,7
19
980
-3,5
30
347
3,5
95
-1,5
62
1,2
16
1,9
81
-1,2
88
266
818
3,0
07
-496
O
ther
(pri
vat
e)9,8
99
11,4
69
19,6
69
21,3
19
20,5
29
10,8
14
170
3,3
29
3,1
33
537
3,8
15
-1,2
55
1,4
29
-1,6
65
1,6
61
W
ork
ers'
rem
itta
nce
s574
848
889
402
1,0
57
88
-433
71
-79
151
-55
-231
-27
-126
-49
O
ther
tra
nsf
ers
9,3
25
10,6
21
18,7
80
20,9
17
19,4
72
10,7
26
603
3,2
58
3,2
12
386
3,8
70
-1,0
24
1,4
56
-1,5
39
1,7
10
Cre
dit
28,3
48
31,2
41
47,2
82
44,6
15
48,0
10
44,5
62
85,9
44
11,0
97
11,1
62
11,4
47
10,8
56
15,9
14
29,6
02
17,9
11
22,5
17
G
ener
al g
over
nm
ent
191
322
4,6
06
5,6
67
3,1
94
11,4
49
28,3
18
563
3,3
56
4,3
92
3,1
38
4,1
24
12,9
86
6,3
17
4,8
91
O
ther
(pri
vat
e)28,1
57
30,9
19
42,6
76
38,9
48
44,8
16
33,1
13
57,6
26
10,5
34
7,8
06
7,0
55
7,7
18
11,7
90
16,6
16
11,5
94
17,6
26
W
ork
ers'
rem
itta
nce
s941
1,2
81
1,1
83
703
1,6
23
584
239
146
97
221
120
65
94
19
61
O
ther
tra
nsf
ers
27,2
16
29,6
38
41,4
93
38,2
45
43,1
93
32,5
29
57,3
87
10,3
88
7,7
09
6,8
34
7,5
98
11,7
25
16,5
22
11,5
75
17,5
65
Deb
it19,2
85
20,1
67
25,8
94
22,3
16
31,0
11
33,4
01
82,1
79
9,3
30
6,8
13
8,9
29
8,3
29
16,9
03
27,3
55
16,5
69
21,3
52
G
ener
al g
over
nm
ent
1,0
27
717
2,8
87
4,6
87
6,7
24
11,1
02
24,7
23
2,1
25
2,1
40
2,4
11
4,4
26
3,8
58
12,1
68
3,3
10
5,3
87
O
ther
(pri
vat
e)18,2
58
19,4
50
23,0
07
17,6
29
24,2
87
22,2
99
57,4
56
7,2
05
4,6
73
6,5
18
3,9
03
13,0
45
15,1
87
13,2
59
15,9
65
W
ork
ers'
rem
itta
nce
s367
433
294
301
566
496
672
75
176
70
175
296
121
145
110
O
ther
tra
nsf
ers
17,8
91
19,0
17
22,7
13
17,3
28
23,7
21
21,8
03
56,7
84
7,1
30
4,4
97
6,4
48
3,7
28
12,7
49
15,0
66
13,1
14
15,8
55
Fig
ure
s m
ay n
ot
add u
p d
ue
to r
oundin
g
1999
2000
2001
Tab
le 1
.6 -
Cu
rren
t T
ran
sfer
s A
ccou
nt
Tra
nsa
ctio
ns
on a
net
and g
ross
bas
is
2000
2001
1995
1996
1997
1998
15
The current accountMalta with the world -
income account
Lm
thousa
nds
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
C
ap
ita
l a
cco
un
t (n
et)
4,5
33
2
1,0
97
3
,22
8
11
,14
7
10
,37
9
8,2
67
6
63
-1
,08
4
6,1
17
-2
97
3
,53
1
-66
-2
70
-8
1
1,0
80
C
apit
al t
ransf
ers
4,5
33
21,0
97
3,2
28
11,1
47
10,3
79
8,2
67
663
-1,0
84
6,1
17
-297
3,5
31
-66
-270
-81
1,0
80
G
ener
al g
over
nm
ent
4,5
18
20,8
05
9,8
11
10,0
03
9,6
83
9,5
49
1
,39
1
12
5
,98
9
0
3,5
48
2
8
51
2
2
1,2
90
O
ther
sec
tors
15
292
-6,5
83
1,1
44
696
-1,2
82
-728
-1,0
96
128
-297
-17
-94
-321
-103
-210
M
igra
nts
' tra
nsf
ers
15
292
1,2
85
1,1
44
696
-1,2
61
-728
-1,0
75
128
-297
-17
-94
-321
-103
-210
O
ther
Tra
nsf
ers
0
0
-7,8
68
0
0
-2
1
0
-21
0
0
0
0
0
0
0
Cre
dit
5,9
16
2
3,2
60
1
2,6
92
1
2,9
75
1
2,5
18
1
0,6
43
1
,95
7
15
1
6,2
82
3
21
3
,88
9
17
5
12
5
18
0
1,4
77
C
apit
al t
ransf
ers
5,9
16
23,2
60
12,6
92
12,9
75
12,5
18
10,6
43
1,9
57
151
6,2
82
321
3,8
89
175
125
180
1,4
77
G
ener
al g
over
nm
ent
4,5
18
20,8
05
9,8
11
10,0
03
9,6
83
9,5
49
1
,39
1
12
5
,98
9
0
3,5
48
2
8
51
2
2
1,2
90
O
ther
sec
tors
1,3
98
2,4
55
2,8
81
2,9
72
2,8
35
1,0
94
566
139
293
321
341
147
74
158
187
M
igra
nts
' tra
nsf
ers
1,3
98
2,4
55
2,8
81
2,9
72
2,8
35
1,0
94
566
139
293
321
341
147
74
158
187
Deb
it1
,38
3
2,1
63
9
,46
4
1,8
28
2
,13
9
2,3
76
1
,29
4
1,2
35
1
65
6
18
3
58
2
41
3
95
2
61
3
97
C
apit
al t
ransf
ers
1,3
83
2,1
63
9,4
64
1,8
28
2,1
39
2,3
76
1,2
94
1,2
35
165
618
358
241
395
261
397
G
ener
al g
over
nm
ent
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
O
ther
sec
tors
1,3
83
2,1
63
9,4
64
1,8
28
2,1
39
2,3
76
1,2
94
1,2
35
165
618
358
241
395
261
397
M
igra
nts
' tra
nsf
ers
1,3
83
2,1
63
1,5
96
1,8
28
2,1
39
2,3
55
1,2
94
1,2
14
165
618
358
241
395
261
397
O
ther
Tra
nsf
ers
0
0
7,8
68
0
0
2
1
0
21
0
0
0
0
0
0
0
Fig
ure
s m
ay n
ot
add u
p d
ue
to r
oundin
g
19
95
20
00
Ta
ble
1.7
- C
ap
ita
l A
cco
un
t
Tra
nsa
ctio
ns
on a
net
and g
ross
bas
is
20
00
20
01
19
99
19
98
19
97
20
01
19
96
16
The current accountMalta with the world -current transfers account
Lm
thousa
nds
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
D
irec
t in
ves
tmen
t (n
et)
44
,76
0
97
,41
4
24
,76
5
97
,90
5
31
0,0
85
2
61
,09
7
11
5,6
44
1
1,1
57
2
5,9
52
2
6,7
80
1
97
,20
8
-17
2,3
13
1
13
,01
3
-23
,98
6
19
8,9
30
A
bro
ad
1,6
97
2
,29
5
6,4
23
5
,75
2
17
,86
4
11
,38
9
10
,73
9
2,6
19
1
,61
1
72
5
6,4
34
2
02
-7
31
1
1,2
52
1
6
E
qu
ity
cap
ital
1,6
97
2
,45
5
7,1
19
6
,89
7
17
,57
9
9,7
94
7
,39
4
2,3
39
1
,65
5
28
2
5,5
18
4
39
-4
83
1
1,5
58
-4
,12
0
C
laim
s on a
ffil
iate
d e
nte
rpri
ses
1,6
97
2,4
55
7,1
19
6,8
97
1
7,5
79
9
,79
4
7,3
94
2
,33
9
1,6
55
2
82
5
,51
8
43
9
-48
3
11
,55
8
-4,1
20
L
iabil
itie
s to
aff
ilia
ted e
nte
rpri
ses
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
R
ein
ves
ted
ear
nin
gs
0
-16
0
-69
6
-1,1
45
2
85
2
,94
0
3,3
45
4
70
1
,00
0
1,0
00
4
70
-2
37
-2
48
-3
06
4
,13
6
O
ther
cap
ital
0
0
0
0
0
-1,3
45
0
-1
90
-1
,04
4
-55
7
44
6
0
0
0
0
C
laim
s on a
ffil
iate
d e
nte
rpri
ses
0
0
0
0
0
-43
6
0
-56
0
35
9
-88
8
65
3
0
0
0
0
L
iabil
itie
s to
aff
ilia
ted e
nte
rpri
ses
0
0
0
0
0
-1,7
81
0
-750
-685
-1,4
45
1,0
99
0
0
0
0
In M
alt
a4
6,4
57
9
9,7
09
3
1,1
88
1
03
,65
7
32
7,9
49
2
72
,48
6
12
6,3
83
1
3,7
76
2
7,5
63
2
7,5
05
2
03
,64
2
-17
2,1
11
1
12
,28
2
-12
,73
4
19
8,9
46
E
qu
ity
cap
ital
22
,66
3
12
,91
3
4,1
64
4
,48
6
10
1,1
33
5
3,4
73
5
53
16
3,9
04
7
,38
1
6,2
46
3
5,9
42
5
,40
4
26
,80
2
7,3
35
1
5,7
75
C
laim
s on d
irec
t in
ves
tors
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
L
iabil
itie
s to
dir
ect
inves
tors
22
,66
3
12
,91
3
4,1
64
4
,48
6
10
1,1
33
5
3,4
73
5
5,3
16
3
,90
4
7,3
81
6
,24
6
35
,94
2
5,4
04
2
6,8
02
7
,33
5
15
,77
5
R
einves
ted e
arnin
gs
26
,88
9
34
,07
3
16
,93
4
35
,35
0
37
,45
4
11
4,8
73
3
0,4
09
2
9,5
45
2
6,8
36
2
0,5
10
3
7,9
82
-7
6,3
02
8
6,5
42
7
,69
1
12
,47
8
O
ther
cap
ital
-3,0
95
5
2,7
23
1
0,0
90
6
3,8
21
1
89
,36
2
10
4,1
40
4
0,6
58
-1
9,6
73
-6
,65
4
74
9
12
9,7
18
-1
01
,21
3
-1,0
62
-2
7,7
60
1
70
,69
3
C
laim
s o
n d
irec
t in
ves
tors
92
,10
2
12
,98
9
21
,29
5
21
,31
2
-67
,61
7
58
,80
6
78
,34
0
17
,12
1
57
,04
4
-20
,99
5
5,6
36
1
4,2
83
3
1,8
20
2
4,2
18
8
,01
9
L
iabil
itie
s to
dir
ect
inves
tors
89
,00
7
65
,71
2
31
,38
5
85
,13
3
12
1,7
45
1
62
,94
6
11
8,9
98
-2
,55
2
50
,39
0
-20
,24
6
13
5,3
54
-8
6,9
30
3
0,7
58
-3
,54
2
17
8,7
12
Fig
ure
s m
ay n
ot
add u
p d
ue
to r
oundin
g
1998
2000
2001
Ta
ble
1.8
- D
irec
t In
ves
tmen
t A
cco
un
tT
ransa
ctio
ns
on a
net
and g
ross
bas
is
1999
2000
2001
1995
1996
1997
17
The capital accountMalta with the world
Lm
thousa
nds
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
P
ort
foli
o i
nv
estm
ent
(net)
-16
2,0
65
-4
2,1
29
4
2,4
40
-3
2,2
48
-2
01
,27
3
-34
2,9
87
-1
96
,82
6
25
,52
4
-91
,66
5
49
,20
8
-32
6,0
54
1
5,4
49
2
54
,40
8
-14
2,9
87
-3
23
,69
7
Ass
ets
16
2,6
74
4
3,2
28
-4
2,2
78
5
5,2
65
1
88
,11
2
33
9,2
52
1
97
,11
1
-25
,32
9
88
,70
3
-50
,37
6
32
6,2
54
-1
6,4
95
-2
47
,52
9
14
5,4
27
3
15
,70
9
E
qu
ity
sec
uri
ties
51
3
97
3
,90
1
-2,4
66
4
,60
9
7,7
19
1
6,7
14
1
,59
4
34
1
4,1
55
1
,62
9
3,4
03
6
,02
8
7,4
02
-1
19
D
ebt
secu
riti
es1
62
,62
3
42
,83
1
-46
,17
9
57
,73
1
18
3,5
03
3
31
,53
3
18
0,3
97
-2
6,9
23
8
8,3
62
-5
4,5
31
3
24
,62
5
-19
,89
8
-25
3,5
57
1
38
,02
5
31
5,8
28
Bo
nd
s an
d n
ote
s1
79
,19
7
24
,67
6
-33
,24
8
62
,69
6
15
8,4
87
3
52
,30
2
-80
,36
1
-4,3
79
8
8,1
39
-5
9,7
68
3
28
,31
0
-58
,35
7
-24
5,6
13
1
73
,73
5
49
,87
4
M
oney
-mar
ket
inst
rum
ents
-16
,57
5
18
,15
5
-12
,93
1
-4,9
65
2
5,0
16
-2
0,7
69
2
60
,75
8
-22
,54
4
22
3
5,2
37
-3
,68
5
38
,45
9
-7,9
44
-3
5,7
10
2
65
,95
4
Lia
bil
itie
s6
09
1
,09
9
16
2
23
,01
8
-13
,16
1
-3,7
35
2
85
1
95
-2
,96
2
-1,1
68
2
00
-1
,04
6
6,8
79
2
,44
0
-7,9
88
E
qu
ity
sec
uri
ties
-1,4
58
1
,01
6
16
9
-60
1
-3,0
57
5
83
3
66
0
0
0
5
83
-7
82
4
90
-2
51
9
09
D
ebt
secu
riti
es2
,06
7
83
-7
2
3,6
19
-1
0,1
04
-4
,31
8
-81
1
95
-2
,96
2
-1,1
68
-3
83
-2
64
6
,38
9
2,6
91
-8
,89
7
Bo
nd
s an
d n
ote
s0
0
0
6
21
-1
,03
6
-16
2
-5,6
51
-2
86
1
72
-4
73
4
25
-2
51
3
,69
1
52
8
-9,6
19
M
oney
-mar
ket
inst
rum
ents
2,0
67
8
3
-7
22
,99
8
-9,0
68
-4
,15
6
5,5
70
4
81
-3
,13
4
-69
5
-80
8
-13
2
,69
8
2,1
63
7
22
Fig
ure
s m
ay n
ot
add
up
du
e to
ro
un
din
g
20
01
20
00
20
01
Ta
ble
1.9
- P
ort
foli
o I
nv
estm
ent
Acc
ou
nt
Tra
nsa
ctio
ns
on
a n
et a
nd
gro
ss b
asis
19
95
19
96
19
97
19
98
19
99
20
00
18
The financial accountMalta with the world -direct investment account
Lm
thousa
nds
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
O
ther
in
ves
tmen
t (n
et)
12
5,9
12
1
8,9
89
-2
6,9
27
4
6,2
33
5
2,4
94
1
49
,66
5
20
1,1
39
9
00
5
8,4
83
-6
1,4
44
1
51
,72
5
17
5,8
28
-3
75
,798
2
11
,75
5
18
9,3
55
A
sset
s1
00
,26
2
22
3,1
74
3
82
,78
0
79
2,9
38
6
24
,89
7
42
9,5
78
-8
16
,51
0
-19
7,3
37
-1
1,8
28
5
33
,96
7
10
4,7
76
-8
16
,80
9
-25
,82
5
-32
0,1
23
3
46
,24
8
T
rade
cred
its
5,0
60
-1,7
93
9,4
87
-10,5
22
17,8
50
-9,8
46
-7,4
25
-3,9
00
-13,4
86
12,7
80
-5,2
40
-5,9
06
8,2
42
-6,5
09
-3,2
52
L
ong-t
erm
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
S
hort
-ter
m5,0
60
-1,7
93
9,4
87
-10,5
22
17,8
50
-9,8
46
-7,4
25
-3,9
00
-13,4
86
12,7
80
-5,2
40
-5,9
06
8,2
42
-6,5
09
-3,2
52
L
oan
s71,6
84
180,9
46
211,5
75
148,5
17
209,2
60
404,3
16
-16,1
76
-36,6
37
-48,2
67
149,4
35
339,7
85
-431,7
72
12,6
01
53,1
80
3
49
,81
5
L
ong-t
erm
72,2
31
179,0
99
211,2
65
146,6
66
207,2
05
403,7
87
-18,0
25
-36,9
06
-49,6
90
149,1
25
341,2
58
-431,9
55
12,1
51
5
2,3
93
3
49
,38
6
S
hort
-ter
m-5
47
1,8
47
310
1,8
51
2,0
55
529
1,8
49
269
1,4
23
310
-1,4
73
183
450
787
429
C
urr
ency
and d
eposi
ts12,6
23
39,9
00
142,6
56
644,1
83
31,2
17
-546,4
53
-93,7
02
-34,8
39
-154,1
80
114,4
07
-471,8
41
326,0
81
-2
03
,84
4
-23
1,7
03
1
5,7
64
O
ther
ass
ets
10,8
95
4,1
21
19,0
62
10,7
59
366,5
70
581,5
61
-699,2
07
-121,9
61
204,1
05
257,3
45
242,0
72
-705,2
12
157,1
76
-1
35
,09
2
-16
,07
9
L
ong-t
erm
2,9
69
3,4
86
5,6
05
2,4
88
3,6
03
5,9
50
3,8
96
2,4
61
840
2,0
56
593
1,7
49
660
808
679
S
hort
-ter
m7,9
26
635
13,4
57
8,2
71
362,9
67
57
5,6
11
-7
03
,10
3
-12
4,4
22
2
03
,26
5
25
5,2
89
2
41
,47
9
-70
6,9
61
1
56
,51
6
-13
5,9
00
-1
6,7
58
Lia
bil
itie
s2
26
,17
4
24
2,1
63
3
55
,85
3
83
9,1
71
6
77
,39
1
57
9,2
43
-6
15
,37
1
-19
6,4
37
4
6,6
56
4
72
,52
3
25
6,5
01
-6
40
,98
2
-40
1,6
23
-1
08
,36
8
53
5,6
03
T
rade
cred
its
-3,0
33
-5,4
55
5,7
88
11,3
58
-3,5
00
2,6
47
9,0
11
-1,4
26
12,2
23
10,2
79
-18,4
29
2,0
69
-8,8
27
15,4
03
366
L
ong-t
erm
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
S
hort
-ter
m-3
,033
-5,4
55
5,7
88
11,3
58
-3,5
00
2,6
47
9,0
11
-1,4
26
12,2
23
10,2
79
-18,4
29
2,0
69
-8,8
27
15,4
03
366
L
oan
s18,3
21
76,9
52
44,9
37
158,4
87
76,8
46
-2,0
98
-130,3
51
-147,6
33
15,1
00
21,3
83
109,0
51
259,8
62
-286,0
45
-103,0
09
-1
,15
9
L
ong-t
erm
17,9
30
69,7
37
31,5
40
178,0
41
75,4
37
-2,2
55
-131,5
02
-147,6
27
14,9
23
21,3
76
109,0
72
259,5
90
-286,4
70
-10
3,2
40
-1
,38
2
S
hort
-ter
m391
7,2
15
13,3
97
-19,5
54
1,4
09
157
1,1
51
-6
177
7
-21
272
425
231
223
C
urr
ency
and d
eposi
ts108,2
20
211,5
84
286,6
52
626,5
38
355,2
41
-425,6
53
-50,2
63
-132,5
20
-87,2
03
185,6
52
-391,5
82
-30
9,0
68
9
1,0
22
5
,47
6
16
2,3
07
O
ther
lia
bil
itie
s102,6
66
-40,9
18
18,4
76
42,7
88
248,8
04
1,0
04,3
47
-443,7
68
85,1
42
106,5
36
255,2
09
557,4
61
-593,8
45
-1
97
,77
3
-26
,23
8
37
4,0
88
L
ong-t
erm
13
11
9
7
8
13
15
3
4
6
1
1
9
5
0
S
hort
-ter
m102,6
53
-40,9
29
18,4
67
42,7
81
248,7
96
1,0
04,3
34
-443,7
83
85,1
39
106,5
32
255,2
03
557,4
60
-593,8
46
-19
7,7
82
-2
6,2
43
3
74
,08
8
Fig
ure
s m
ay n
ot
add u
p d
ue
to r
oundin
g
20
01
20
00
20
01
Ta
ble
1.1
0 -
Oth
er I
nv
estm
ent
Acc
ou
nt
Tra
nsa
ctio
ns
on a
net
and g
ross
bas
is
19
95
19
96
19
97
19
98
19
99
20
00
19
The financial accountMalta with the world -
reserve assets
Lm
thousa
nds
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
R
ese
rv
es
Ass
ets
11
1,0
28
3
0,5
85
-2
,65
3
-73
,62
0
-96
,30
1
97
,57
0
-11
5,3
42
3
2,3
34
6
,20
9
6,4
17
5
2,6
10
1
2,9
14
-1
5,4
25
-4
4,8
34
-6
7,9
97
M
onet
ary g
old
3,3
08
-5
4
2,0
44
5
68
-5
3
43
-1
53
5
0
26
4
2
63
-7
7
75
-5
9
-92
Sp
ecia
l d
raw
ing
rig
hts
39
-1
,20
0
-1,2
50
-1
,31
9
11
,43
2
-1,2
31
-1
,06
3
-30
3
-28
7
-44
5
-19
6
-35
1
-33
0
-18
5
-19
7
R
eser
ve
posi
tion i
n t
he
Fund
-20
6
-1,7
87
-5
37
-4
-4
,58
9
-80
-1
0
1
9
-98
-1
0
0
-1
0
F
ore
ign e
xch
ange
10
7,6
06
4
,16
1
-31
,16
3
-91
,70
4
-88
,01
0
10
0,1
78
-1
14
,90
6
31
,54
8
8,3
98
8
,71
2
51
,52
0
12
,94
1
-14
,97
9
-44
,24
7
-68
,62
1
Oth
er c
laim
s2
81
2
9,4
65
2
8,2
53
1
8,8
39
-1
5,1
29
-1
,64
0
78
1
1,0
39
-1
,94
7
-1,7
56
1
,02
4
40
1
-19
1
-34
2
91
3
Fig
ure
s m
ay n
ot
add
up
du
e to
ro
un
din
g
Ta
ble
1.1
1 -
Res
erv
e A
sset
sT
ran
sact
ion
s
20
00
20
01
19
95
19
96
19
97
20
00
20
01
19
98
19
99
Balance of Payments with the European Union
1995 - 2001
23
Summary tablesMalta with the European Union
Cre
dit
Deb
itC
red
itD
ebit
Cre
dit
Deb
itC
red
itD
ebit
Cre
dit
Deb
itC
red
itD
ebit
Cre
dit
Deb
it
Cu
rren
t a
cco
un
t-
10
2,4
90
-
18
0,4
61
-
17
9,2
44
-
16
1,6
79
-
16
7,4
50
-
43
8,5
25
-
15
3,6
49
Goods,
Ser
vic
es a
nd i
nco
me
84
3,9
04
9
53
,02
5
71
5,4
13
9
03
,59
0
72
1,1
55
9
18
,90
9
79
9,2
28
9
80
,61
4
86
4,1
29
1
,04
3,4
22
7
76
,44
2
1,2
22
,75
5
88
2,0
21
1
,04
5,9
18
Goods
and S
ervic
es7
62
,53
4
88
8,6
35
6
36
,16
8
82
6,3
80
6
33
,96
7
84
3,4
90
6
90
,93
9
87
1,3
38
7
17
,42
6
91
0,5
02
6
91
,35
6
1,0
67
,87
1
80
8,9
47
9
71
,06
4
Goods
48
9,5
75
7
08
,05
3
36
0,2
88
6
46
,06
3
34
1,6
56
6
56
,03
0
37
7,4
26
6
68
,05
5
38
8,2
65
6
95
,80
7
36
3,8
40
8
43
,13
7
43
8,6
89
7
30
,44
8
Ser
vic
es2
72
,95
8
18
0,5
83
2
75
,88
0
18
0,3
17
2
92
,31
1
18
7,4
60
3
13
,51
2
20
3,2
83
3
29
,16
1
21
4,6
95
3
27
,51
6
22
4,7
34
3
70
,25
8
24
0,6
16
Inco
me
81
,37
0
64
,38
9
79
,24
5
77
,21
0
87
,18
8
75
,41
8
10
8,2
90
1
09
,27
6
14
6,7
03
1
32
,92
0
85
,08
6
15
4,8
83
7
3,0
74
7
4,8
54
Com
pen
sati
on o
f em
plo
yee
s3
,47
2
1,7
93
2
,22
5
1,9
41
1
,13
3
1,9
46
2
,15
3
1,5
80
2
,24
0
2,5
67
1
,90
1
2,5
47
1
,43
6
2,4
94
Inves
tmen
t in
com
e7
7,8
98
6
2,5
96
7
7,0
20
7
5,2
69
8
6,0
55
7
3,4
72
1
06
,13
7
10
7,6
96
1
44
,46
3
13
0,3
53
8
3,1
85
1
52
,33
6
71
,63
8
72
,36
0
Cu
rren
t tr
ansf
ers
22
,70
6
16
,07
5
24
,42
0
16
,70
4
39
,62
3
21
,11
4
37
,17
6
17
,46
9
34
,91
8
23
,07
5
33
,06
4
25
,27
5
52
,87
9
42
,63
1
Cen
tral
gover
nm
ent
12
4
86
5
17
7
41
5
2,6
69
1
,82
5
3,5
46
2
,44
8
1,7
33
3
,35
1
4,3
65
6
,54
1
11
,60
5
16
,66
1
Oth
er s
ecto
rs2
2,5
82
1
5,2
10
2
4,2
43
1
6,2
89
3
6,9
54
1
9,2
89
3
3,6
30
1
5,0
21
3
3,1
85
1
9,7
24
2
8,6
99
1
8,7
34
4
1,2
74
2
5,9
70
Fig
ure
s m
ay n
ot
add
up
du
e to
ro
un
din
g
20
01
Lm
th
ou
san
ds
Ta
ble
2.1
- B
ala
nce
of
Pa
ym
ents
Sta
tem
ent
Su
mm
ary
of
the
tran
sact
ion
s o
f M
alta
wit
h t
he
Eu
rop
ean
Un
ion
on
an
an
nu
al b
asis
20
00
19
95
19
96
19
97
19
98
19
99
24
Summary tablesMalta with the European Union
Lm
thousa
nds
Cre
dit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
it
Cu
rren
t acc
ou
nt
-
35,8
94
-
21,3
60
-
3,1
49
-
42,0
88
-
102,4
90
Goods,
Ser
vic
es a
nd i
nco
me
189,3
19
225,3
40
216,4
56
238,6
11
221,1
39
226,5
83
216,9
89
262,4
91
843,9
04
953,0
25
Goods
and S
ervic
es171,2
79
216,6
31
196,3
39
227,7
01
202,8
21
212,8
27
192,0
95
231,4
77
762,5
34
888,6
35
Goods
124,7
28
175,9
86
122,9
37
180,4
06
113,8
08
165,1
21
128,1
03
186,5
40
489,5
75
708,0
53
Ser
vic
es46,5
52
40,6
45
73,4
02
47,2
95
89,0
13
47,7
06
63,9
92
44,9
37
272,9
58
180,5
83
Inco
me
18,0
40
8,7
10
20,1
17
10,9
10
18,3
19
13,7
56
24,8
95
31,0
14
81,3
70
64,3
89
Com
pen
sati
on o
f em
plo
yee
s383
424
1,0
23
412
1,1
39
368
927
589
3,4
72
1,7
93
Inves
tmen
t in
com
e17,6
57
8,2
86
19,0
94
10,4
98
17,1
80
13,3
88
23,9
68
30,4
25
77,8
98
62,5
96
Curr
ent
tran
sfer
s5,2
18
5,0
91
4,9
77
4,1
82
5,5
59
3,2
65
6,9
52
3,5
38
22,7
06
16,0
75
Cen
tral
gover
nm
ent
31
370
32
154
31
157
30
185
124
865
Oth
er s
ecto
rs5,1
87
4,7
21
4,9
45
4,0
28
5,5
28
3,1
08
6,9
22
3,3
53
22,5
82
15,2
10
Fig
ure
s m
ay n
ot
add u
p d
ue
to r
oundin
g
Ta
ble
2.2
- B
ala
nce
of
Pay
men
ts S
tate
men
t …
Sum
mar
y o
f th
e tr
ansa
ctio
ns
of
Mal
ta w
ith t
he
Euro
pea
n U
nio
n o
n a
quar
terl
y b
asis
19
95
Q1
Q2
Q3
Q4
Q1-Q
4
25
Summary tablesMalta with the European Union
Lm
thousa
nds
Cre
dit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
it
Cu
rren
t acc
ou
nt
-
26,1
95
-
28,6
72
-
50,1
55
-
75,4
39
-
180,4
61
Goods,
Ser
vic
es a
nd i
nco
me
177,0
49
203,2
35
191,2
00
221,8
45
184,8
51
237,7
06
162,3
12
240,8
04
715,4
13
903,5
90
Goods
and S
ervic
es158,1
29
190,8
83
174,2
47
211,1
14
161,4
68
221,6
34
142,3
25
202,7
48
636,1
68
826,3
80
Goods
105,3
49
153,5
14
101,2
84
165,9
02
74,8
11
167,7
75
78,8
45
158,8
72
360,2
88
646,0
63
Ser
vic
es52,7
80
37,3
69
72,9
62
45,2
13
86,6
57
53,8
59
63,4
80
43,8
77
275,8
80
180,3
17
Inco
me
18,9
20
12,3
52
16,9
53
10,7
31
23,3
84
16,0
72
19,9
87
38,0
55
79,2
45
77,2
10
Com
pen
sati
on o
f em
plo
yee
s1,0
04
453
550
457
348
462
323
569
2,2
25
1,9
41
Inves
tmen
t in
com
e17,9
16
11,8
99
16,4
03
10,2
74
23,0
36
15,6
10
19,6
64
37,4
86
77,0
20
75,2
69
Curr
ent
tran
sfer
s5,7
09
5,7
18
6,1
27
4,1
53
5,2
37
2,5
38
7,3
48
4,2
95
24,4
20
16,7
04
Cen
tral
gover
nm
ent
45
165
37
77
50
102
45
71
177
415
Oth
er s
ecto
rs5,6
64
5,5
53
6,0
90
4,0
76
5,1
87
2,4
36
7,3
03
4,2
24
24,2
43
16,2
89
Fig
ure
s m
ay n
ot
add u
p d
ue
to r
oundin
g
Q1-Q
4
… T
ab
le 2
.2 -
Ba
lan
ce o
f P
ay
men
ts S
tate
men
tS
um
mar
y o
f th
e tr
ansa
ctio
ns
of
Mal
ta w
ith t
he
Euro
pea
n U
nio
n o
n a
quar
terl
y b
asis
19
96
Q1
Q2
Q3
Q4
26
Summary tablesMalta with the European Union
Lm
thousa
nds
Cre
dit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
it
Cu
rren
t acc
ou
nt
-
53,6
23
-
44,1
20
-
14,7
95
-
66,7
07
-
179,2
44
Goods,
Ser
vic
es a
nd i
nco
me
150,5
70
205,9
51
187,1
68
238,1
07
202,8
78
224,0
94
180,5
40
250,7
56
721,1
55
918,9
09
Goods
and S
ervic
es131,1
74
195,7
01
166,3
66
222,8
82
180,1
83
207,0
88
156,2
43
217,8
20
633,9
67
843,4
90
Goods
76,6
92
155,5
37
90,1
85
173,4
84
83,4
21
154,4
74
91,3
58
172,5
35
341,6
56
656,0
30
Ser
vic
es54,4
83
40,1
64
76,1
81
49,3
98
96,7
62
52,6
13
64,8
86
45,2
85
292,3
11
187,4
60
Inco
me
19,3
95
10,2
51
20,8
01
15,2
25
22,6
94
17,0
06
24,2
97
32,9
37
87,1
88
75,4
18
Com
pen
sati
on o
f em
plo
yee
s323
417
294
509
308
483
208
537
1,1
33
1,9
46
Inves
tmen
t in
com
e19,0
72
9,8
34
20,5
07
14,7
16
22,3
86
16,5
23
24,0
89
32,4
00
86,0
55
73,4
72
Curr
ent
tran
sfer
s7,9
70
6,2
11
10,6
32
3,8
12
10,8
44
4,4
22
10,1
78
6,6
69
39,6
23
21,1
14
Cen
tral
gover
nm
ent
314
295
979
385
608
502
768
643
2,6
69
1,8
25
Oth
er s
ecto
rs7,6
56
5,9
16
9,6
53
3,4
27
10,2
36
3,9
20
9,4
10
6,0
26
36,9
54
19,2
89
Fig
ure
s m
ay n
ot
add u
p d
ue
to r
oundin
g
Sum
mar
y o
f th
e tr
ansa
ctio
ns
of
Mal
ta w
ith t
he
Euro
pea
n U
nio
n o
n a
quar
terl
y b
asis
Q1-Q
4Q
1Q
2Q
3Q
4
19
97
… T
ab
le 2
.2 -
Ba
lan
ce o
f P
ay
men
ts S
tate
men
t
27
Summary tablesMalta with the European Union
Lm
thousa
nds
Cre
dit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
it
Cu
rren
t acc
ou
nt
-
38,2
77
-
32,7
66
-
16,1
86
-
74,4
49
-
161,6
79
Goods,
Ser
vic
es a
nd i
nco
me
166,0
34
205,5
69
214,4
52
253,0
36
222,7
68
244,6
82
195,9
74
277,3
27
799,2
28
980,6
14
Goods
and S
ervic
es144,9
56
191,0
61
185,8
90
226,4
85
194,9
81
221,5
76
165,1
12
232,2
16
690,9
39
871,3
38
Goods
89,5
70
149,6
10
101,3
56
176,3
81
94,1
33
165,1
48
92,3
67
176,9
16
377,4
26
668,0
55
Ser
vic
es55,3
86
41,4
51
84,5
35
50,1
04
100,8
47
56,4
27
72,7
44
55,3
00
313,5
12
203,2
83
Inco
me
21,0
78
14,5
07
28,5
62
26,5
51
27,7
88
23,1
07
30,8
63
45,1
11
108,2
90
109,2
76
Com
pen
sati
on o
f em
plo
yee
s307
491
663
514
754
221
429
354
2,1
53
1,5
80
Inves
tmen
t in
com
e20,7
71
14,0
16
27,8
99
26,0
37
27,0
34
22,8
86
30,4
34
44,7
57
106,1
37
107,6
96
Curr
ent
tran
sfer
s8,6
57
7,3
99
10,5
45
4,7
27
8,7
17
2,9
89
9,2
58
2,3
54
37,1
76
17,4
69
Cen
tral
gover
nm
ent
1,2
73
935
526
562
874
526
873
425
3,5
46
2,4
48
Oth
er s
ecto
rs7,3
84
6,4
64
10,0
19
4,1
65
7,8
43
2,4
63
8,3
85
1,9
29
33,6
30
15,0
21
Fig
ure
s m
ay n
ot
add u
p d
ue
to r
oundin
g
… T
ab
le 2
.2 -
Ba
lan
ce o
f P
ay
men
ts S
tate
men
t
Sum
mar
y o
f th
e tr
ansa
ctio
ns
of
Mal
ta w
ith t
he
Euro
pea
n U
nio
n o
n a
quar
terl
y b
asis
19
98
Q1
Q2
Q3
Q4
Q1-Q
4
28
Summary tablesMalta with the European Union
Lm
thousa
nds
Cre
dit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
it
Cu
rren
t acc
ou
nt
-
51,6
05
-
36,0
18
-
12,8
32
-
66,9
95
-
167,4
50
Goods,
Ser
vic
es a
nd i
nco
me
179,8
40
232,2
45
211,9
72
251,5
66
238,6
08
255,6
56
233,7
08
303,9
56
864,1
29
1,0
43,4
22
Goods
and S
ervic
es157,6
22
199,5
10
186,0
01
226,0
75
200,4
07
230,9
04
173,3
95
254,0
13
717,4
26
910,5
02
Goods
100,4
10
156,0
89
98,6
28
172,7
31
89,3
23
166,4
01
99,9
03
200,5
86
388,2
65
695,8
07
Ser
vic
es57,2
12
43,4
21
87,3
73
53,3
44
111,0
85
64,5
04
73,4
92
53,4
26
329,1
61
214,6
95
Inco
me
22,2
18
32,7
35
25,9
71
25,4
91
38,2
01
24,7
51
60,3
13
49,9
43
146,7
03
132,9
20
Com
pen
sati
on o
f em
plo
yee
s468
519
657
762
772
609
343
677
2,2
40
2,5
67
Inves
tmen
t in
com
e21,7
50
32,2
16
25,3
14
24,7
29
37,4
29
24,1
42
59,9
70
49,2
66
144,4
63
130,3
53
Curr
ent
tran
sfer
s8,2
57
7,4
58
8,3
04
4,7
28
8,5
86
4,3
70
9,7
72
6,5
19
34,9
18
23,0
75
Cen
tral
gover
nm
ent
619
982
242
827
570
142
302
1,4
00
1,7
33
3,3
51
Oth
er s
ecto
rs7,6
38
6,4
76
8,0
62
3,9
01
8,0
16
4,2
28
9,4
70
5,1
19
33,1
85
19,7
24
Fig
ure
s m
ay n
ot
add u
p d
ue
to r
oundin
g
19
99
Q1-Q
4
… T
ab
le 2
.2 -
Ba
lan
ce o
f P
ay
men
ts S
tate
men
t
Sum
mar
y o
f th
e tr
ansa
ctio
ns
of
Mal
ta w
ith t
he
Euro
pea
n U
nio
n o
n a
quar
terl
y b
asis
Q1
Q2
Q3
Q4
29
Summary tablesMalta with the European Union
Cre
dit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
it
Cu
rren
t acc
ou
nt
-
68,7
13
-
79,1
72
-
81,9
52
-
208,6
87
-
438,5
25
Goods,
Ser
vic
es a
nd i
nco
me
183,1
03
254,0
77
205,6
70
287,5
17
209,5
98
291,6
94
178,0
71
389,4
67
776,4
42
122,7
55
Goods
and S
ervic
es145,6
42
238,4
94
181,1
47
260,2
27
192,8
06
271,5
45
171,7
61
297,6
06
691,3
56
1,0
67,8
71
Goods
91,7
03
189,7
13
92,4
72
203,6
65
80,9
62
208,9
74
98,7
02
240,7
85
363,8
40
843,1
37
Ser
vic
es53,9
38
48,7
81
88,6
75
56,5
61
111,8
44
62,5
70
73,0
59
56,8
21
327,5
16
224,7
34
Inco
me
37,4
61
15,5
83
24,5
23
27,2
90
16,7
92
20,1
49
6,3
09
91,8
61
85,0
86
154,8
83
Com
pen
sati
on o
f em
plo
yee
s560
524
431
812
499
558
411
653
1,9
01
2,5
47
Inves
tmen
t in
com
e36,9
01
15,0
59
24,0
92
26,4
78
16,2
93
19,5
91
5,8
98
91,2
08
83,1
85
152,3
36
Curr
ent
tran
sfer
s10,1
80
7,9
19
6,9
52
4,2
77
7,1
92
7,0
49
8,7
39
6,0
30
33,0
64
25,2
75
Cen
tral
gover
nm
ent
442
1,4
29
1,0
21
565
1,1
62
1,2
10
1,7
40
3,3
37
4,3
65
6,5
41
Oth
er s
ecto
rs9,7
38
6,4
90
5,9
31
3,7
12
6,0
30
5,8
39
6,9
99
2,6
93
28,6
99
18,7
35
Fig
ure
s m
ay n
ot
add u
p d
ue
to r
oundin
g
Q1-Q
4Q
1Q
2Q
3Q
4
… T
ab
le 2
.2 -
Ba
lan
ce o
f P
ay
men
ts S
tate
men
t
Sum
mar
y o
f th
e tr
ansa
ctio
ns
of
Mal
ta w
ith t
he
Euro
pea
n U
nio
n o
n a
quar
terl
y b
asis
20
00
30
Summary tablesMalta with the European Union
Cre
dit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
it
Cu
rren
t acc
ou
nt
-
64,4
70
-
11,5
24
-
26,3
66
-
51,2
88
-
153,6
49
Goods,
Ser
vic
es a
nd i
nco
me
195,8
23
259,7
57
242,0
26
255,5
13
231,5
93
261,3
16
212,5
79
269,3
33
882,0
21
1,0
45,9
18
Goods
and S
ervic
es184,1
44
244,2
99
217,1
74
239,7
14
216,8
54
239,1
91
190,7
76
247,8
60
808,9
47
971,0
64
Goods
119,8
43
192,6
60
114,5
25
180,6
94
95,6
35
171,3
30
108,6
87
185,7
64
438,6
89
730,4
48
Ser
vic
es64,3
01
51,6
39
102,6
49
59,0
20
121,2
18
67,8
61
82,0
89
62,0
96
370,2
58
240,6
16
Inco
me
11,6
79
15,4
58
24,8
53
15,7
99
14,7
39
22,1
25
21,8
03
21,4
73
73,0
74
74,8
54
Com
pen
sati
on o
f em
plo
yee
s248
615
266
616
487
653
435
610
1,4
36
2,4
94
Inves
tmen
t in
com
e11,4
31
14,8
43
24,5
87
15,1
83
14,2
52
21,4
72
21,3
68
20,8
63
71,6
38
72,3
60
Curr
ent
tran
sfer
s9,1
95
9,7
31
15,6
76
13,7
14
11,9
79
8,6
22
16,0
30
10,5
64
52,8
79
42,6
31
Cen
tral
gover
nm
ent
1,3
90
1,9
81
4,3
29
7,2
72
3,0
57
2,8
51
2,8
29
4,5
57
11,6
05
16,6
61
Oth
er s
ecto
rs7,8
05
7,7
50
11,3
47
6,4
42
8,9
22
5,7
71
13,2
01
6,0
07
41,2
74
25,9
70
Fig
ure
s m
ay n
ot
add u
p d
ue
to r
oundin
g
… T
ab
le 2
.2 -
Ba
lan
ce o
f P
ay
men
ts S
tate
men
t
Sum
mar
y o
f th
e tr
ansa
ctio
ns
of
Mal
ta w
ith t
he
Euro
pea
n U
nio
n o
n a
quar
terl
y b
asis
20
01
Q1
Q2
Q3
Q4
Q1-Q
4
31
The current accountMalta with the European Union -
goods account
Lm
thousa
nds
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Go
od
s (n
et)
-21
8,4
77
-2
85
,77
4
-31
4,3
74
-2
90
,62
9
-30
7,5
42
-4
79
,29
7
-29
1,7
59
-9
8,0
10
-1
11
,19
3
-12
8,0
12
-1
42
,08
3
-72
,81
7
-66
,16
9
-75
,69
5
-77
,07
8
G
ener
al m
erch
andis
e-2
19
,63
7
-28
3,8
73
-3
18
,41
2
-29
4,2
97
-3
13
,86
1
-49
3,7
26
-3
13
,83
4
-10
1,8
29
-1
14
,65
1
-13
1,9
47
-1
45
,29
9
-76
,68
3
-71
,48
0
-83
,07
7
-82
,59
4
R
epai
rs o
n g
oo
ds
-1,8
09
-2
,19
9
-2,2
70
-2
,23
9
-3,2
07
-4
,52
6
-6,6
04
-1
,18
4
-98
2
-1,0
19
-1
,34
1
-1,2
42
-1
,24
8
-1,2
46
-2
,86
8
G
oods
pro
cure
d i
n p
ort
s by c
arri
ers
7,9
69
7
,26
4
12
,81
1
10
,99
4
13
,67
3
24
,24
2
33
,93
3
5,8
86
5
,93
2
6,3
61
6
,06
3
6,6
86
7
,80
4
9,7
82
9
,66
1
N
onm
onet
ary g
old
-5,0
01
-6
,96
5
-6,5
03
-5
,08
6
-4,1
47
-5
,28
8
-5,2
54
-8
83
-1
,49
2
-1,4
07
-1
,50
6
-1,5
78
-1
,24
5
-1,1
53
-1
,27
7
Cre
dit
48
9,5
75
3
60
,28
8
34
1,6
56
3
77
,42
6
38
8,2
65
3
63
,84
0
43
8,6
89
9
1,7
03
9
2,4
72
8
0,9
62
9
8,7
02
1
19
,84
3
11
4,5
25
9
5,6
35
1
08
,68
7
E
xport
s F
OB
47
6,4
23
3
46
,95
4
32
2,5
72
3
62
,84
6
37
0,0
20
3
32
,30
9
39
8,0
72
8
4,5
94
8
4,7
28
7
2,1
01
9
0,8
86
1
11
,98
0
10
4,8
46
8
3,4
88
9
7,7
57
Ex
po
rts
of
go
od
s in
tra
de
stat
isti
cs4
89
,25
1
36
0,2
18
3
41
,88
0
37
7,9
15
3
89
,01
7
36
4,4
06
4
39
,47
9
91
,91
3
92
,70
9
80
,93
4
98
,85
1
11
9,9
31
1
14
,56
7
95
,83
2
10
9,1
49
Ad
just
men
ts-1
2,8
27
-1
3,2
64
-1
9,3
09
-1
5,0
69
-1
8,9
97
-3
2,0
97
-4
1,4
07
-7
,31
8
-7,9
81
-8
,83
2
-7,9
65
-7
,95
1
-9,7
21
-1
2,3
44
-1
1,3
92
F
or
cov
erag
e-8
36
-5
57
-6
85
-5
86
-8
86
-5
90
-7
89
-2
33
-2
37
2
9
-14
8
-88
-4
2
-19
7
-46
2
F
or
clas
sifi
cati
on
-11
,99
1
-12
,70
7
-18
,62
4
-14
,48
3
-18
,11
1
-31
,50
6
-40
,61
8
-7,0
85
-7
,74
4
-8,8
61
-7
,81
6
-7,8
63
-9
,67
9
-12
,14
7
-10
,92
9
R
epai
rs o
n g
oo
ds
1,1
61
6
27
4
60
9
7
13
4
24
0
2
4
0
0
0
0
0
0
0
G
oods
pro
cure
d i
n p
ort
s by c
arri
ers
11
,99
1
12
,70
7
18
,62
4
14
,48
3
18
,11
1
31
,50
6
40
,61
8
7,0
85
7
,74
4
8,8
61
7
,81
6
7,8
63
9
,67
9
12
,14
7
10
,92
9
Deb
it7
08
,05
3
64
6,0
63
6
56
,03
0
66
8,0
55
6
95
,80
7
84
3,1
37
7
30
,44
8
18
9,7
13
2
03
,66
5
20
8,9
74
2
40
,78
5
19
2,6
60
1
80
,69
4
17
1,3
30
1
85
,76
4
Im
port
s F
OB
69
6,0
61
6
30
,82
8
64
0,9
84
6
57
,14
4
68
3,8
81
8
26
,03
6
71
1,9
06
1
86
,42
3
19
9,3
79
2
04
,04
8
23
6,1
85
1
88
,66
3
17
6,3
26
1
66
,56
6
18
0,3
51
Imp
ort
s o
f g
oo
ds
in t
rad
e st
atis
tics
75
4,2
61
6
91
,09
9
70
2,8
33
7
17
,07
7
74
3,0
39
8
94
,84
5
77
9,0
78
2
02
,09
3
21
6,8
56
2
21
,23
7
25
4,6
59
2
05
,69
9
19
3,4
49
1
82
,44
4
19
7,4
86
Ad
just
men
ts-5
8,2
00
6
0,2
71
-6
1,8
49
-5
9,9
33
-5
9,1
58
-6
8,8
09
-6
7,1
72
-1
5,6
70
-1
7,4
77
-1
7,1
89
-1
8,4
74
-1
7,0
36
-1
7,1
23
-1
5,8
78
-1
7,1
35
F
or
cover
age
-4,3
47
-9
,31
8
-7,8
76
-6
,37
6
-5,1
98
-6
,06
0
-5,8
91
-1
,21
8
-1,7
91
-1
,59
2
-1,4
60
-1
,74
8
-1,4
45
-1
,24
4
-1,4
54
F
or
clas
sifi
cati
on
-53
,85
3
-50
,95
3
-53
,97
3
-53
,55
7
-53
,96
0
-62
,74
9
-61
,28
1
-14
,45
2
-15
,68
6
-15
,59
7
-17
,01
4
-15
,28
8
-15
,67
8
-14
,63
4
-15
,68
1
R
epai
rs o
n g
oo
ds
2,9
69
2
,82
7
2,7
30
2
,33
6
3,3
41
4
,55
0
6,6
04
1
,20
8
98
2
1,0
19
1
,34
1
1,2
42
1
,24
8
1,2
46
2
,86
8
G
oods
pro
cure
d i
n p
ort
s by c
arri
ers
4,0
22
5
,44
3
5,8
13
3
,48
9
4,4
38
7
,26
4
6,6
85
1
,19
9
1,8
12
2
,50
0
1,7
53
1
,17
7
1,8
75
2
,36
5
1,2
68
N
onm
on
etar
y g
old
5,0
01
6
,96
5
6,5
03
5
,08
6
4,1
47
5
,28
8
5,2
54
8
83
1
,49
2
1,4
07
1
,50
6
1,5
78
1
,24
5
1,1
53
1
,27
7
Fig
ure
s m
ay n
ot
add
up
du
e to
ro
un
din
g
19
98
19
99
20
01
20
00
Ta
ble
2.3
- G
oo
ds
Acc
ou
nt
Tra
nsa
ctio
ns
of
Mal
ta w
ith
th
e E
uro
pea
n U
nio
n o
n a
net
an
d g
ross
bas
is
20
00
20
01
19
95
19
96
19
97
32
The current accountMalta with the European Union -services account
Lm
thousa
nds
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
S
erv
ices
(n
et)
92
,37
5
95
,56
3
10
4,8
51
1
10
,22
9
11
4,4
66
1
02
,78
1
12
9,6
41
5
,15
7
32
,11
4
49
,27
3
16
,23
7
12
,66
2
43
,62
9
53
,35
7
19
,99
3
T
ran
spo
rtat
ion
-8,3
74
-1
2,3
25
-9
,90
0
1,0
41
8
,37
4
-6,2
67
1
1,3
43
-5
,82
1
1,3
58
2
,85
3
-4,6
56
-1
,45
2
2,9
80
1
1,5
17
-1
,70
2
o
f w
hic
h :
Pas
sen
ger
37
,80
1
31
,42
5
34
,20
0
35
,76
2
43
,01
8
37
,10
5
44
,29
9
4,4
07
1
0,8
47
1
5,2
22
6
,62
9
4,7
75
1
3,2
11
1
7,5
14
8
,79
9
F
reig
ht
-40,1
64
-38,3
60
-35,3
45
-32,7
96
-34,8
44
-44,6
72
-42,9
01
-10,1
14
-10,7
66
-11,0
21
-12,7
71
-10,8
64
-11,5
64
-9,8
80
-10,5
94
O
ther
-6,0
10
-5
,39
1
-8,7
55
-1
,92
5
20
0
1,3
00
9
,94
5
-11
5
1,2
77
-1
,34
8
1,4
86
4
,63
7
1,3
32
3
,88
4
92
T
rav
el1
22
,31
1
11
8,8
38
1
31
,77
7
13
3,2
94
1
25
,99
6
12
4,3
56
1
44
,49
9
14
,51
9
36
,22
3
45
,40
4
28
,21
0
22
,23
3
44
,53
5
50
,25
0
27
,48
1
C
om
mu
nic
atio
n s
erv
ices
-2,0
70
1
,50
7
86
0
1,1
26
3
,31
4
4,5
02
3
,04
1
82
1
1,0
22
1
,54
5
1,1
15
5
21
6
55
7
53
1
,11
2
I
nsu
rance
ser
vic
es-7
,269
-8,7
19
-7,7
06
-13,5
65
-7,6
22
-9,3
21
-17,4
28
-767
-3,6
38
-534
-4,3
82
-3,1
78
-4,5
98
-4,1
60
-5,4
92
O
ther
pri
vat
e b
usi
nes
s se
rvic
es,
n.i
.e.
-11
,21
3
-2,4
67
-5
,97
5
-7,6
36
-8
,00
3
-7,6
02
-9
,28
1
-2,8
12
-2
,28
8
72
2
-3,2
22
-4
,47
6
490
-4,0
04
-1,2
90
G
over
nm
ent
serv
ices
, n.i
.e.
-1,0
09
-1,2
72
-4,2
06
-4,0
30
-7,5
94
-2,8
86
-2,5
32
-781
-563
-716
-826
-985
-433
-999
-115
Cre
dit
27
2,9
58
2
75
,88
0
29
2,3
11
3
13
,51
2
32
9,1
61
3
27
,51
6
37
0,2
58
5
3,9
38
8
8,6
75
1
11
,84
4
73
,05
9
64
,30
1
10
2,6
49
1
21
,21
8
82
,08
9
T
ran
spo
rtat
ion
70
,53
4
67
,21
9
76
,58
6
90
,49
4
10
1,2
99
9
6,5
20
1
15
,81
0
17
,03
1
26
,06
5
32
,64
5
20
,77
9
21
,07
2
29
,22
3
40
,64
4
24
,87
0
o
f w
hic
h :
Pas
sen
ger
44
,98
2
39
,87
2
42
,45
1
45
,10
6
53
,09
2
45
,77
0
53
,65
9
6,3
66
1
3,2
09
1
7,5
23
8
,67
2
6,5
81
1
5,6
82
2
0,6
27
1
0,7
69
F
reig
ht
3,5
43
4
,10
1
9,4
22
1
1,4
06
9
,54
0
9,3
64
9
,56
3
2,3
72
2
,80
5
2,2
51
1
,93
6
2,5
41
1
,70
5
2,5
31
2
,78
6
O
ther
22
,00
9
23
,24
7
24
,71
3
33
,98
2
38
,66
7
41
,38
6
52
,58
8
8,2
93
1
0,0
51
1
2,8
71
1
0,1
71
1
1,9
50
1
1,8
36
1
7,4
86
11
,31
5
T
rav
el1
76
,39
9
17
2,9
53
1
80
,90
8
18
0,9
62
1
80
,68
1
18
1,1
33
1
98
,67
4
23
,76
5
50
,67
0
64
,75
1
41
,94
7
33
,23
5
57
,32
9
66
,41
6
41
,69
4
C
om
mu
nic
atio
n s
erv
ices
2,9
12
5
,63
1
3,2
36
3
,94
9
7,1
25
8
,88
5
6,7
34
1
,83
9
2,1
24
2
,77
8
2,1
44
1
,39
8
1,6
58
1
,82
7
1,8
51
I
nsu
ran
ce s
erv
ices
5,6
71
6
,02
6
6,7
17
7
,02
9
7,4
83
7
,64
1
8,0
05
2
,26
6
1,8
80
1
,83
2
1,6
63
1
,91
2
2,4
36
1
,79
6
1,8
61
O
ther
pri
vat
e b
usi
nes
s se
rvic
es,
n.i
.e.
14
,40
5
21
,45
0
20
,97
6
27
,83
5
29
,45
2
30
,47
2
37
,60
7
8,1
75
7
,19
8
9,1
68
5
,93
0
5,8
79
1
1,2
33
9
,86
3
10
,63
2
G
ov
ern
men
t se
rvic
es,
n.i
.e.
3,0
37
2
,60
1
3,8
88
3
,24
4
3,1
21
2
,86
5
3,4
28
8
61
7
38
6
70
5
96
8
05
7
70
6
72
1
,18
1
Deb
it1
80
,58
3
18
0,3
17
1
87
,46
0
20
3,2
83
2
14
,69
5
22
4,7
34
2
40
,61
6
48
,78
1
56
,56
1
62
,57
0
56
,82
1
51
,63
9
59
,02
0
67
,86
1
62
,09
6
T
ran
spo
rtat
ion
78
,90
8
79
,54
4
86
,48
6
89
,45
3
92
,92
5
10
2,7
87
1
04
,46
7
22
,85
2
24
,70
8
29
,79
2
25
,43
5
22
,52
4
26
,24
3
29
,12
7
26
,57
2
o
f w
hic
h :
Pas
sen
ger
7,1
81
8
,44
7
8,2
51
9
,34
4
10
,07
4
8,6
65
9
,36
1
1,9
59
2
,36
2
2,3
01
2
,04
3
1,8
06
2
,47
1
3,1
13
1
,97
0
F
reig
ht
43
,70
8
42
,46
0
44
,76
7
44
,20
2
44
,38
4
54
,03
6
52
,46
4
12
,48
6
13
,57
1
13
,27
2
14
,70
7
13
,40
5
13
,26
9
12,
41
1
13
,37
9
O
ther
28
,01
9
28
,63
7
33
,46
8
35
,90
7
38
,46
8
40
,08
6
42
,64
2
8,4
08
8
,77
4
14
,21
9
8,6
86
7
,31
3
10
,50
4
13
,60
3
11,2
23
T
rav
el5
4,0
88
5
4,1
15
4
9,1
31
4
7,6
68
5
4,6
85
5
6,7
77
5
4,1
75
9
,24
6
14
,44
7
19
,34
7
13
,73
7
11
,00
2
12
,79
4
16
,16
6
14
,21
3
C
om
mu
nic
atio
n s
erv
ices
4,9
82
4
,12
4
2,3
75
2
,82
3
3,8
11
4
,38
2
3,6
93
1
,01
9
1,1
02
1
,23
3
1,0
29
8
77
1
,00
3
1,0
73
7
40
I
nsu
ran
ce s
erv
ices
12
,94
0
14
,74
5
14
,42
3
20
,59
4
15
,10
5
16
,96
2
25
,43
3
3,0
33
5
,51
8
2,3
66
6
,04
5
5,0
90
7
,03
4
5,9
56
7
,35
3
O
ther
pri
vat
e b
usi
nes
s se
rvic
es,
n.i
.e.
25
,61
8
23
,91
7
26
,95
0
35
,47
0
37
,45
5
38
,07
4
46
,88
8
10
,98
8
9,4
86
8
,44
6
9,1
52
1
0,3
55
1
0,7
43
1
3,8
67
1
1,9
22
G
ov
ern
men
t se
rvic
es,
n.i
.e.
4,0
46
3
,87
3
8,0
94
7
,27
4
10
,71
5
5,7
51
5
,96
0
1,6
42
1
,30
1
1,3
86
1
,42
2
1,7
90
1
,20
3
1,6
71
1
,29
6
Fig
ure
s m
ay n
ot
add u
p d
ue
to r
oundin
g
1999
2000
2001
Ta
ble
2.4
- S
erv
ices
Acc
ou
nt
Tra
nsa
ctio
ns
of
Mal
ta w
ith
th
e E
uro
pea
n U
nio
n o
n a
net
an
d g
ross
bas
is
2000
2001
1995
1996
1997
1998
33
The current accountMalta with the European Union -
income account
Lm
thousa
nds
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
I
nco
me
(net
)1
6,9
81
2
,03
4
11
,77
0
-98
7
13
,78
3
-69
,79
8
-1,7
80
2
1,8
78
-2
,76
7
-3,3
57
-8
5,5
52
-3
,77
9
9,0
54
-7
,38
5
33
0
C
om
pen
sati
on o
f em
plo
yee
s1,6
79
284
-813
573
-32
7
-64
6
-1,0
58
3
6
-38
1
-59
-2
42
-3
67
-3
50
-1
66
-1
75
I
nv
estm
ent
inco
me
15
,30
2
1,7
50
1
2,5
83
-1
,56
0
14
,11
0
-69
,15
2
-72
2
21
,84
2
-2,3
86
-3
,29
8
-85
,31
0
-3,4
12
9
,40
4
-7,2
19
5
05
I
nco
me
on e
quit
y-3
5,2
26
-44,4
60
-33,1
71
-46,3
49
-44,3
31
-107,8
87
-26,8
11
-1,7
49
-14,9
54
-8,8
84
-82,3
00
-1,1
28
-6,8
34
-10,5
69
-8,2
80
D
ivid
end
s an
d d
istr
ibu
ted
bra
nch
pro
fits
-9
,96
4
-14
,79
2
-23
,45
7
-25
,18
3
-18
,88
6
-20
,94
6
-9,0
46
-1
13
-1
0,7
07
-1
,37
6
-8,7
50
1
,28
4
-2,7
11
-1
,93
6
-5,6
83
R
ein
ves
ted
ear
nin
gs
and
un
dis
trib
ute
d b
ran
ch p
rofi
ts
-25
,26
2
-29
,66
8
-9,7
14
-2
1,1
66
-2
5,4
45
-8
6,9
41
-1
7,7
65
-1
,63
6
-4,2
47
-7,5
08
-73,5
50
-2,4
12
-4,1
23
-8,6
33
-2,5
97
I
nco
me
on
deb
t (i
nte
rest
)5
0,6
00
4
6,2
37
4
5,8
25
4
4,8
28
5
8,5
52
3
8,9
12
2
6,1
34
2
3,6
95
1
2,6
11
5
,60
4
-2,9
97
-2
,26
5
16
,24
9
3,3
58
8
,79
1
Oth
er i
nv
estm
ent
-72
-2
6
-71
-3
9
-11
1
-17
7
-45
-1
04
-4
4
-17
-1
2
-19
-1
2
-8
-6
Cre
dit
81
,37
0
79
,24
5
87
,18
8
10
8,2
90
1
46
,70
3
85
,08
6
73
,07
4
37
,46
1
24
,52
3
16
,79
2
6,3
09
1
1,6
79
2
4,8
53
1
4,7
39
2
1,8
03
C
om
pen
sati
on o
f em
plo
yee
s3,4
72
2,2
25
1,1
33
2,1
53
2,2
40
1
,90
1
1,4
36
5
60
4
31
4
99
4
11
2
48
2
66
4
87
4
35
I
nv
estm
ent
inco
me
77
,89
8
77
,02
0
86
,05
5
10
6,1
37
1
44
,46
3
83
,18
5
71
,63
8
36
,90
1
24
,09
2
16
,29
3
5,8
98
1
1,4
31
2
4,5
87
1
4,2
52
2
1,3
68
I
nco
me
on
eq
uit
y4
,30
4
4,0
11
3
,35
9
10
,48
7
4,0
57
3
,84
3
5,5
35
7
81
1
,11
3
98
8
96
1
1,6
86
6
60
4
56
2
,73
3
D
ivid
end
s an
d d
istr
ibu
ted
bra
nch
pro
fits
4
,30
4
4,1
71
4
,05
5
11
,06
0
4,0
57
2
,37
3
3,4
07
5
46
6
13
4
88
7
26
1
,67
3
66
0
51
3
56
1
R
ein
ves
ted
ear
nin
gs
and
un
dis
trib
ute
d b
ran
ch p
rofi
ts0
-1
60
-6
96
-5
73
0
1
,47
0
2,1
28
2
35
5
00
5
00
2
35
1
3
0
-57
2
,17
2
I
nco
me
on
deb
t (i
nte
rest
)7
3,5
94
7
3,0
09
8
2,6
96
9
5,6
50
1
40
,40
6
79
,34
2
66
,10
3
36
,12
0
22
,97
9
15
,30
5
4,9
37
9
,74
5
23
,92
7
13
,79
6
18
,63
5
Oth
er i
nv
estm
ent
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Deb
it6
4,3
89
7
7,2
10
7
5,4
18
1
09
,27
6
13
2,9
20
1
54
,88
3
74
,85
4
15
,58
3
27
,29
0
20
,14
9
91
,86
1
15
,45
8
15
,79
9
22
,12
5
21
,47
3
C
om
pen
sati
on o
f em
plo
yee
s1,7
93
1,9
41
1,9
46
1,5
80
2,5
67
2
,54
7
2,4
94
5
24
8
12
5
58
6
53
6
15
6
16
6
53
6
10
I
nv
estm
ent
inco
me
62
,59
6
75
,26
9
73
,47
2
10
7,6
96
1
30
,35
3
15
2,3
36
7
2,3
60
1
5,0
59
2
6,4
78
1
9,5
91
9
1,2
08
1
4,8
43
1
5,1
83
2
1,4
72
2
0,8
63
I
nco
me
on
eq
uit
y3
9,5
31
4
8,4
71
3
6,5
30
5
6,8
36
4
8,3
88
1
11
,73
0
32
,34
6
2,5
30
1
6,0
67
9
,87
2
83
,26
1
2,8
14
7
,49
4
11
,02
5
11
,01
3
D
ivid
end
s an
d d
istr
ibu
ted
bra
nch
pro
fits
1
4,2
69
1
8,9
63
2
7,5
12
3
6,2
43
2
2,9
43
2
3,3
19
1
2,4
53
6
59
1
1,3
20
1
,86
4
9,4
76
3
89
3
,37
1
2,4
49
6
,24
4
R
ein
ves
ted
ear
nin
gs
and
un
dis
trib
ute
d b
ran
ch p
rofi
ts2
5,2
62
2
9,5
08
9
,01
8
20
,59
3
25
,44
5
88
,41
1
19
,89
3
1,8
71
4
,74
7
8,0
08
7
3,7
85
2
,42
5
4,1
23
8
,57
6
4,7
69
I
nco
me
on
deb
t (i
nte
rest
)2
2,9
94
2
6,7
72
3
6,8
72
5
0,8
21
8
1,8
54
4
0,4
30
3
9,9
69
1
2,4
25
1
0,3
68
9
,70
2
7,9
35
1
2,0
10
7
,67
7
10
,43
8
9,8
44
Oth
er i
nv
estm
ent
72
2
6
71
3
9
11
1
17
7
45
1
04
4
4
17
1
2
19
1
2
8
6
Fig
ure
s m
ay n
ot
add
up
du
e to
ro
un
din
g
1999
2000
2001
Tab
le 2
.5 -
In
com
e A
ccou
nt
Tra
nsa
ctio
ns
of
Mal
ta w
ith t
he
Euro
pea
n U
nio
n o
n a
net
and g
ross
bas
is
2000
2001
1995
1996
1997
1998
34
The current accountMalta with the European Union -current transfers account
Lm
thousa
nds
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
C
urr
ent
tra
nsf
ers
(net
)6
,63
1
7,7
16
1
8,5
09
1
9,7
07
1
1,8
43
7
,78
9
10
,24
8
2,2
61
2
,67
5
14
3
2,7
09
-5
37
1
,96
2
3,3
57
5
,46
6
G
ener
al g
over
nm
ent
-741
-238
844
1,0
98
-1
,61
8
-2,1
76
-5
,05
6
-98
7
45
6
-48
-1
,59
7
-59
1
-2,9
43
2
06
-1
,72
8
O
ther
(pri
vat
e)7,3
72
7,9
54
17,6
65
18,6
09
13,4
61
9,9
65
15,3
04
3,2
48
2,2
19
191
4,3
06
55
4,9
05
3,1
51
7,1
94
W
ork
ers'
rem
itta
nce
s294
314
403
190
817
-85
-50
13
-114
1
15
-26
-10
-14
0
Oth
er t
ran
sfer
s7
,07
8
7,6
40
1
7,2
62
1
8,4
19
1
2,6
44
1
0,0
50
1
5,3
54
3
,23
5
2,3
33
1
90
4
,29
1
80
4
,91
5
3,1
65
7
,19
4
Cre
dit
22
,70
6
24
,42
0
39
,62
3
37
,17
6
34
,91
8
33
,06
4
52
,87
9
10
,18
0
6,9
52
7
,19
2
8,7
39
9
,19
5
15
,67
6
11
,97
9
16
,03
0
G
ener
al g
over
nm
ent
124
177
2,6
69
3,5
46
1,7
33
4,3
65
11,6
05
442
1,0
21
1,1
62
1,7
40
1,3
90
4,3
29
3,0
57
2,8
29
O
ther
(pri
vat
e)22,5
82
24,2
43
36,9
54
33,6
30
33,1
85
28,6
99
41,2
74
9,7
38
5,9
31
6,0
30
6,9
99
7,8
05
11,3
47
8,9
22
13,2
01
W
ork
ers'
rem
itta
nce
s395
462
463
308
1,0
50
112
69
28
27
15
42
16
19
8
26
Oth
er t
ran
sfer
s2
2,1
87
2
3,7
81
3
6,4
91
3
3,3
22
3
2,1
35
2
8,5
87
4
1,2
05
9
,71
0
5,9
04
6
,01
5
6,9
57
7
,78
9
11
,32
8
8,9
14
1
3,1
75
Deb
it1
6,0
75
1
6,7
04
2
1,1
14
1
7,4
69
2
3,0
75
2
5,2
75
4
2,6
31
7
,91
9
4,2
77
7
,04
9
6,0
30
9
,73
1
13
,71
4
8,6
22
1
0,5
64
G
ener
al g
over
nm
ent
865
415
1,8
25
2,4
48
3
,35
1
6,5
41
1
6,6
61
1
,42
9
56
5
1,2
10
3
,33
7
1,9
81
7
,27
2
2,8
51
4
,55
7
O
ther
(pri
vat
e)15,2
10
16,2
89
19,2
89
15,0
21
19,7
24
18,7
34
25,9
70
6,4
90
3,7
12
5,8
39
2,6
93
7,7
50
6,4
42
5,7
71
6,0
07
W
ork
ers'
rem
itta
nce
s101
148
60
118
233
197
119
15
141
14
27
42
29
22
26
Oth
er t
ran
sfer
s1
5,1
09
1
6,1
41
1
9,2
29
1
4,9
03
1
9,4
91
1
8,5
37
2
5,8
51
6
,47
5
3,5
71
5
,82
5
2,6
66
7
,70
8
6,4
13
5
,74
9
5,9
81
Fig
ure
s m
ay n
ot
add u
p d
ue
to r
oundin
g
20
01
20
00
20
01
Ta
ble
2.6
- C
urr
ent
Tra
nsf
ers
Acc
ou
nt
Tra
nsa
ctio
ns
of
Mal
ta w
ith t
he
Euro
pea
n U
nio
n o
n a
net
and g
ross
bas
is
19
95
19
96
19
97
19
98
19
99
20
00
Balance of Payments with the Rest of the World
1995 - 2001
37
Cre
dit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
itC
redit
Deb
it
C
urr
ent
acc
ou
nt
-
25
,43
0
34
,29
4
-
10
2,6
93
-
7
7,2
05
-
1
18
,18
4
-
22
9,3
15
-
8
0,0
20
-
G
oo
ds,
Ser
vic
es a
nd
in
com
e3
14
,54
4
34
2,4
06
4
21
,03
2
39
0,0
96
4
90
,34
2
39
0,5
27
5
65
,40
6
49
0,7
93
9
22
,37
4
80
9,3
46
1
,18
4,6
77
9
58
,73
5
89
0,0
17
8
03
,51
4
G
oo
ds
and
Ser
vic
es2
94
,53
8
31
9,4
42
3
88
,66
9
35
9,9
81
4
38
,19
1
32
9,9
87
4
75
,83
7
37
6,7
90
5
75
,29
1
46
1,3
90
8
81
,46
7
67
2,2
28
5
90
,18
5
51
6,5
69
G
oo
ds
19
8,3
24
2
65
,66
7
27
8,8
12
2
95
,17
1
30
0,3
03
2
63
,82
7
33
0,9
24
3
00
,93
3
41
6,7
64
3
74
,45
6
72
3,8
57
5
75
,55
4
46
1,9
12
4
24
,81
8
S
erv
ices
96
,21
5
53
,77
4
10
9,8
57
6
4,8
10
1
37
,88
8
66
,16
0
14
4,9
14
7
5,8
57
1
58
,52
7
86
,93
4
15
7,6
10
9
6,6
75
1
28
,27
3
91
,75
1
In
com
e2
0,0
06
2
2,9
65
3
2,3
63
3
0,1
15
5
2,1
51
6
0,5
41
8
9,5
69
1
14
,00
3
34
7,0
83
3
47
,95
6
30
3,2
10
2
86
,50
7
29
9,8
32
2
86
,94
5
C
om
pen
sati
on o
f em
plo
yee
s1
,30
4
91
3
1,7
81
9
67
1
,33
7
1,2
40
2
,17
6
79
3
1,6
15
8
15
2
,45
1
64
4
1,0
07
5
84
In
ves
tmen
t in
com
e1
8,7
02
2
2,0
52
3
0,5
82
2
9,1
48
5
0,8
14
5
9,3
01
8
7,3
93
1
13
,21
0
34
5,4
68
3
47
,14
1
30
0,7
59
2
85
,86
3
29
8,8
25
2
86
,36
1
C
urr
ent
tran
sfer
s5
,64
2
3,2
10
6
,82
1
3,4
63
7
,65
9
4,7
80
7
,43
9
4,8
47
1
3,0
92
7
,93
6
11
,49
9
8,1
26
3
3,0
65
3
9,5
48
C
entr
al g
ov
ern
men
t6
7
16
2
14
5
30
2
1,9
37
1
,06
2
2,1
21
2
,23
9
1,4
61
3
,37
3
7,0
84
4
,56
1
16
,71
3
8,0
62
O
ther
sec
tors
5,5
75
3
,04
8
6,6
76
3
,16
1
5,7
22
3
,71
8
5,3
18
2
,60
8
11
,63
1
4,5
63
4
,41
5
3,5
65
1
6,3
52
3
1,4
86
Fig
ure
s m
ay n
ot
add
up
du
e to
ro
un
din
g
20
01
Lm
thousa
nds
Tab
le 3
.1 -
Bala
nce
of
Paym
ents
Sta
tem
ent
Sum
mar
y o
f th
e tr
ansa
ctio
ns
of
Mal
ta w
ith t
he
rest
of
the
worl
d (
excl
udin
g t
he
Euro
pea
n U
nio
n)
on a
n a
nnual
bas
is
20
00
19
95
19
96
19
97
19
98
19
99
Summary tablesMalta with the rest of the world
38
Lm
th
ou
san
ds
Cre
dit
Deb
itC
red
itD
ebit
Cre
dit
Deb
itC
red
itD
ebit
Cre
dit
Deb
it
Cu
rren
t acc
ou
nt
-
19
,31
4
-
1
2,0
19
1,2
25
-
4,6
79
-
-
25
,43
0
Go
od
s, S
erv
ices
an
d I
nco
me
55
,03
8
7
4,8
62
69
,84
5
8
3,0
40
93
,40
7
9
2,8
65
96
,25
5
9
1,6
39
31
4,5
44
34
2,4
06
Go
od
s an
d S
erv
ices
50
,36
9
6
7,2
04
64
,65
6
8
0,0
55
88
,68
8
8
5,8
29
90
,82
5
8
6,3
53
29
4,5
38
31
9,4
42
Go
od
s3
4,8
01
56
,91
6
4
0,0
08
67
,63
7
5
4,7
72
68
,80
7
6
8,7
42
72
,30
7
1
98
,32
4
2
65
,66
7
Ser
vic
es1
5,5
67
10
,28
8
2
4,6
48
12
,41
8
3
3,9
16
17
,02
2
2
2,0
83
14
,04
6
9
6,2
15
53
,77
4
Inco
me
4,6
69
7,6
57
5,1
89
2,9
85
4,7
18
7,0
36
5,4
29
5,2
86
20
,00
6
2
2,9
65
Co
mp
ensa
tio
n o
f em
plo
yee
s2
12
37
30
6
9
8
4
36
30
1
3
50
47
7
1
,30
4
9
13
Inves
tmen
t in
com
e4
,45
7
7
,62
0
4
,88
3
2
,88
7
4
,28
2
6
,73
5
5
,07
9
4
,80
9
1
8,7
02
22
,05
2
Cu
rren
t tr
ansf
ers
1,2
19
70
9
1
,99
1
8
14
1,3
00
61
6
1
,13
3
1
,07
0
5
,64
2
3
,21
0
Cen
tral
go
ver
nm
ent
21
71
24
29
22
26
0
3
5
6
7
1
62
Oth
er s
ecto
rs1
,19
8
6
38
1,9
67
78
5
1
,27
8
5
90
1,1
33
1,0
35
5,5
75
3,0
48
Fig
ure
s m
ay n
ot
add
up
du
e to
ro
un
din
g
Ta
ble
3.2
- B
ala
nce
of
Pa
ym
ents
Sta
tem
ent
…S
um
mar
y o
f th
e tr
ansa
ctio
ns
of
Mal
ta w
ith
th
e re
st o
f th
e w
orl
d (
excl
ud
ing
th
e E
uro
pea
n U
nio
n)
on
a q
uar
terl
y b
asis
19
95
Q1
Q2
Q3
Q4
Q1
-Q4
Summary tablesMalta with the rest of the world
39
Lm
th
ou
san
ds
Cre
dit
Deb
itC
red
itD
ebit
Cre
dit
Deb
itC
red
itD
ebit
Cre
dit
Deb
it
Cu
rren
t acc
ou
nt
12
,99
3
9
,03
3
-
1
0,9
78
-
27
,27
6
-
3
4,2
94
-
Go
od
s, S
erv
ices
an
d I
nco
me
79
,84
7
9
2,9
36
10
0,7
22
92
,76
9
1
12
,42
0
1
02
,90
0
1
28
,04
4
1
01
,49
1
4
21
,03
2
3
90
,09
6
Go
od
s an
d S
erv
ices
71
,39
5
8
4,3
87
93
,34
3
8
7,1
70
10
4,0
52
94
,30
4
1
19
,87
8
9
4,1
20
38
8,6
69
35
9,9
81
Go
od
s4
9,5
03
71
,47
2
6
6,7
71
70
,42
8
6
8,4
30
74
,83
8
9
4,1
07
78
,43
3
2
78
,81
2
2
95
,97
1
Ser
vic
es2
1,8
92
12
,91
5
2
6,5
73
16
,74
1
3
5,6
22
19
,46
7
2
5,7
71
15
,68
6
1
09
,85
7
6
4,8
10
Inco
me
8,4
52
8,5
49
7,3
79
5,5
99
8,3
67
8,5
95
8,1
66
7,3
72
32
,36
3
3
0,1
15
Co
mp
ensa
tio
n o
f em
plo
yee
s2
67
18
1
5
69
17
0
5
02
24
6
4
43
37
0
1
,78
1
9
67
Inves
tmen
t in
com
e8
,18
5
8
,36
8
6
,81
0
5
,42
9
7
,86
5
8
,34
9
7
,72
3
7
,00
2
3
0,5
82
29
,14
8
Cu
rren
t tr
ansf
ers
1,4
54
1,3
58
1,7
59
68
0
2
,13
0
6
71
1,4
77
75
4
6
,82
1
3
,46
3
Cen
tral
go
ver
nm
ent
20
11
6
8
3
7
0
2
2
1
8
2
0
9
8
1
45
30
2
Oth
er s
ecto
rs1
,43
4
1
,24
2
1
,67
6
6
10
2,1
08
65
3
1
,45
7
6
56
6,6
76
3,1
61
Fig
ure
s m
ay n
ot
add
up
du
e to
ro
un
din
g
… T
ab
le 3
.2 -
Ba
lan
ce o
f P
ay
men
ts S
tate
men
t S
um
mar
y o
f th
e tr
ansa
ctio
ns
of
Mal
ta w
ith
th
e re
st o
f th
e w
orl
d (
excl
ud
ing
th
e E
uro
pea
n U
nio
n)
on
a q
uar
terl
y b
asis
19
96
Q1
Q2
Q3
Q4
Q1
-Q4
Summary tablesMalta with the rest of the world
40
Lm
th
ou
san
ds
Cre
dit
Deb
itC
red
itD
ebit
Cre
dit
Deb
itC
red
itD
ebit
Cre
dit
Deb
it
Cu
rren
t acc
ou
nt
18
,80
4
-
2
0,5
37
-
39
,01
1
-
2
4,3
42
-
10
2,6
93
-
Go
od
s, S
erv
ices
an
d I
nco
me
11
4,1
78
96
,43
6
1
20
,42
9
1
00
,32
3
1
33
,91
5
9
5,6
07
12
1,8
19
98
,16
2
4
90
,34
2
3
90
,52
7
Go
od
s an
d S
erv
ices
10
2,6
43
82
,90
1
1
07
,95
1
8
5,9
13
12
0,1
71
78
,87
0
1
07
,42
7
8
2,3
02
43
8,1
91
32
9,9
86
Go
od
s7
6,3
12
67
,67
8
7
2,0
17
68
,33
6
7
5,2
67
61
,33
1
7
6,7
07
66
,48
2
3
00
,30
3
2
63
,82
7
Ser
vic
es2
6,3
30
15
,23
3
3
5,9
34
17
,57
7
4
4,9
04
17
,54
0
3
0,7
19
15
,82
0
1
37
,88
8
6
6,1
60
Inco
me
11
,53
6
1
3,5
34
12
,47
9
1
4,4
10
13
,74
5
1
6,7
37
14
,39
2
1
5,8
59
52
,15
1
6
0,5
41
Co
mp
ensa
tio
n o
f em
plo
yee
s2
02
78
23
5
1
30
50
6
73
39
4
9
59
1,3
37
1,2
40
Inves
tmen
t in
com
e1
1,3
34
13
,45
6
1
2,2
44
14
,28
0
1
3,2
39
16
,66
4
1
3,9
98
14
,90
0
5
0,8
14
59
,30
1
Cu
rren
t tr
ansf
ers
2,1
09
1,0
48
1,6
15
1,1
85
1,7
97
1,0
95
2,1
37
1,4
52
7,6
59
4,7
80
Cen
tral
go
ver
nm
ent
32
1
2
28
76
9
2
51
26
3
2
19
58
4
3
64
1,9
37
1,0
62
Oth
er s
ecto
rs1
,78
8
8
20
84
6
9
34
1,5
34
87
6
1
,55
3
1
,08
8
5
,72
2
3
,71
8
Fig
ure
s m
ay n
ot
add
up
du
e to
ro
un
din
g
… T
ab
le 3
.2 -
Ba
lan
ce o
f P
ay
men
ts S
tate
men
tS
um
mar
y o
f th
e tr
ansa
ctio
ns
of
Mal
ta w
ith
th
e re
st o
f th
e w
orl
d (
excl
ud
ing
th
e E
uro
pea
n U
nio
n)
on
a q
uar
terl
y b
asis
19
97
Q1
Q2
Q3
Q4
Q1
-Q4
Summary tablesMalta with the rest of the world
41
Lm
th
ou
san
ds
Cre
dit
Deb
itC
red
itD
ebit
Cre
dit
Deb
itC
red
itD
ebit
Cre
dit
Deb
it
Cu
rren
t acc
ou
nt
13
,19
0
-
2
4,1
73
-
27
,22
3
-
1
2,6
18
-
77
,20
5
-
Go
od
s, S
erv
ices
an
d I
nco
me
12
4,5
24
11
2,3
15
13
8,1
43
11
4,5
80
15
4,7
96
12
7,7
17
14
7,9
43
13
6,1
81
56
5,4
06
49
0,7
93
Go
od
s an
d S
erv
ices
10
6,4
48
82
,78
2
1
20
,14
6
9
5,6
66
12
9,8
44
97
,89
3
1
19
,39
9
1
00
,44
9
4
75
,83
7
3
76
,79
0
Go
od
s7
8,7
71
67
,87
3
8
3,6
32
77
,81
0
8
3,6
54
77
,34
0
8
4,8
67
77
,91
0
3
30
,92
4
3
00
,93
3
Ser
vic
es2
7,6
77
14
,90
9
3
6,5
13
17
,85
6
4
6,1
91
20
,54
4
3
4,5
33
25
,53
9
1
44
,91
4
7
5,8
57
Inco
me
18
,07
6
2
9,5
34
17
,99
8
1
8,9
14
24
,95
2
2
9,8
23
28
,54
4
3
5,7
32
89
,56
9
1
14
,00
3
Co
mp
ensa
tio
n o
f em
plo
yee
s4
46
21
8
43
2
1
53
68
3
8
6
6
15
33
6
2
,17
6
7
93
Inves
tmen
t in
com
e1
7,6
30
29
,31
6
1
7,5
66
18
,76
1
2
4,2
69
29
,73
7
2
7,9
29
35
,39
6
8
7,3
93
11
3,2
10
Cu
rren
t tr
ansf
ers
2,0
87
1,1
05
1,4
17
80
7
1
,07
3
9
29
2,8
62
2,0
06
7,4
39
4,8
47
Cen
tral
go
ver
nm
ent
96
9
3
92
23
9
1
75
32
2
3
57
59
1
1
,31
5
2
,12
1
2
,23
9
Oth
er s
ecto
rs1
,11
8
7
13
1,1
78
63
2
7
51
57
2
2
,27
1
6
91
5,3
18
2,6
08
Fig
ure
s m
ay n
ot
add
up
du
e to
ro
un
din
g
… T
ab
le 3
.2 -
Ba
lan
ce o
f P
ay
men
ts S
tate
men
t S
um
mar
y o
f th
e tr
ansa
ctio
ns
of
Mal
ta w
ith
th
e re
st o
f th
e w
orl
d (
excl
ud
ing
th
e E
uro
pea
n U
nio
n)
on
a q
uar
terl
y b
asis
19
98
Q1
Q2
Q3
Q4
Q1
-Q4
Summary tablesMalta with the rest of the world
42
Lm
th
ou
san
ds
Cre
dit
Deb
itC
red
itD
ebit
Cre
dit
Deb
itC
red
itD
ebit
Cre
dit
Deb
it
Cu
rren
t acc
ou
nt
49
,22
0
-
1
9,9
09
-
42
,43
7
-
6
,61
8
-
1
18
,18
4
-
Go
od
s, S
erv
ices
an
d I
nco
me
18
6,5
40
13
9,3
23
23
6,0
92
21
8,2
95
24
8,1
54
20
5,9
05
25
1,5
89
24
5,8
22
92
2,3
74
80
9,3
46
Go
od
s an
d S
erv
ices
11
8,2
34
96
,57
5
1
38
,02
7
1
16
,80
3
1
52
,90
1
1
10
,81
1
1
66
,13
0
1
37
,20
1
5
75
,29
1
4
61
,39
0
Go
od
s8
8,8
29
79
,48
0
1
05
,56
1
9
2,4
97
10
1,5
16
90
,04
7
1
20
,85
9
1
12
,43
2
4
16
,76
4
3
74
,45
6
Ser
vic
es2
9,4
05
17
,09
5
3
2,4
66
24
,30
6
5
1,3
84
20
,76
3
4
5,2
71
24
,77
0
1
58
,52
7
8
6,9
34
Inco
me
68
,30
6
4
2,7
48
98
,06
5
1
01
,49
2
9
5,2
53
95
,09
5
8
5,4
59
10
8,6
21
34
7,0
83
34
7,9
56
Co
mp
ensa
tio
n o
f em
plo
yee
s2
08
18
0
38
9
2
84
78
4
7
9
2
34
27
2
1
,61
5
8
15
Inves
tmen
t in
com
e6
8,0
98
42
,56
8
9
7,6
76
10
1,2
08
94
,46
9
9
5,0
16
85
,22
5
1
08
,34
9
3
45
,46
8
3
47
,14
1
Cu
rren
t tr
ansf
ers
3,7
69
1,7
65
3,3
40
1,2
28
2,6
94
2,5
06
3,2
88
2,4
37
13
,09
2
7
,93
6
Cen
tral
go
ver
nm
ent
89
1
7
17
14
7
1
92
26
5
1
,30
7
1
58
1,1
57
1,4
61
3,3
73
Oth
er s
ecto
rs2
,87
8
1
,04
8
3
,19
3
1
,03
6
2
,42
9
1
,19
9
3
,13
0
1
,28
0
1
1,6
31
4,5
63
Fig
ure
s m
ay n
ot
add
up
du
e to
ro
un
din
g
… T
ab
le 3
.2 -
Ba
lan
ce o
f P
ay
men
ts S
tate
men
tS
um
mar
y o
f th
e tr
ansa
ctio
ns
of
Mal
ta w
ith
th
e re
st o
f th
e w
orl
d (
excl
ud
ing
th
e E
uro
pea
n U
nio
n)
on
a q
uar
terl
y b
asis
19
99
Q1
Q2
Q3
Q4
Q1
-Q4
Summary tablesMalta with the rest of the world
43
Lm
th
ou
san
ds
Cre
dit
Deb
itC
red
itD
ebit
Cre
dit
Deb
itC
red
itD
ebit
Cre
dit
Deb
it
Cu
rren
t acc
ou
nt
37
,24
8
-
3
6,7
49
-
82
,01
6
-
7
3,3
02
-
22
9,3
15
-
Go
od
s, S
erv
ices
an
d I
nco
me
27
7,1
16
23
9,3
73
30
3,3
13
26
8,2
39
33
2,1
34
25
2,4
92
27
2,1
14
19
8,6
30
1,1
84
,67
7
9
58
,73
5
Go
od
s an
d S
erv
ices
18
9,7
86
14
1,2
40
21
5,3
22
18
5,8
17
23
9,0
92
16
7,9
12
23
7,2
67
17
7,2
59
88
1,4
67
67
2,2
28
Go
od
s1
50
,58
1
1
17
,02
2
1
77
,83
6
1
61
,76
3
1
92
,37
2
1
42
,63
8
2
03
,06
9
1
54
,13
1
7
23
,85
7
5
75
,55
4
Ser
vic
es3
9,2
06
24
,21
8
3
7,4
86
24
,05
4
4
6,7
20
25
,27
4
3
4,1
98
23
,12
8
1
57
,61
0
9
6,6
75
Inco
me
87
,33
0
9
8,1
33
87
,99
1
8
2,4
22
93
,04
2
8
4,5
81
34
,84
8
2
1,3
71
30
3,2
10
28
6,5
07
Co
mp
ensa
tio
n o
f em
plo
yee
s3
55
13
3
63
0
1
32
42
2
6
8
1
,04
4
3
11
2,4
51
64
4
Inves
tmen
t in
com
e8
6,9
75
98
,00
0
8
7,3
61
82
,29
0
9
2,6
20
84
,51
3
3
3,8
04
21
,06
0
3
00
,75
9
2
85
,86
3
Cu
rren
t tr
ansf
ers
91
7
1
,41
1
4
,21
0
2
,53
6
4
,25
5
1
,88
0
2
,11
7
2
,29
9
1
1,4
99
8,1
26
Cen
tral
go
ver
nm
ent
12
1
6
96
2,3
35
1,5
75
3,2
30
1,2
01
1,3
98
1,0
89
7,0
84
4,5
61
Oth
er s
ecto
rs7
96
71
5
1
,87
5
9
61
1,0
25
67
9
7
19
1,2
10
4,4
15
3,5
65
Fig
ure
s m
ay n
ot
add
up
du
e to
ro
un
din
g
… T
ab
le 3
.2 -
Ba
lan
ce o
f P
ay
men
ts S
tate
men
t …
Su
mm
ary
of
the
tran
sact
ion
s o
f M
alta
wit
h t
he
rest
of
the
wo
rld
(ex
clu
din
g t
he
Eu
rop
ean
Un
ion
) o
n a
qu
arte
rly
bas
is
20
00
Q1
Q2
Q3
Q4
Q1
-Q4
Summary tablesMalta with the rest of the world
44
Lm
th
ou
san
ds
Cre
dit
Deb
itC
red
itD
ebit
Cre
dit
Deb
itC
red
itD
ebit
Cre
dit
Deb
it
Cu
rren
t acc
ou
nt
29
,64
4
-
9
,63
4
-
3
5,0
54
-
5,6
87
-
80
,02
0
-
Go
od
s, S
erv
ices
an
d I
nco
me
18
7,4
14
15
7,3
17
29
4,9
01
28
5,5
51
20
6,3
72
16
9,3
03
20
1,3
30
19
1,3
42
89
0,0
17
80
3,5
14
Go
od
s an
d S
erv
ices
15
2,4
20
13
7,6
59
14
5,7
60
13
2,4
11
14
9,9
45
11
9,3
73
14
2,0
59
12
7,1
26
59
0,1
85
51
6,5
69
Go
od
s1
25
,39
8
1
17
,28
9
1
14
,99
0
1
11
,09
2
1
08
,76
2
9
3,4
82
11
2,7
61
10
2,9
55
46
1,9
12
42
4,8
18
Ser
vic
es2
7,0
22
20
,37
0
3
0,7
70
21
,31
9
4
1,1
84
25
,89
1
2
9,2
98
24
,17
1
1
28
,27
3
9
1,7
51
Inco
me
34
,99
4
1
9,6
58
14
9,1
40
15
3,1
40
56
,42
7
4
9,9
30
59
,27
1
6
4,2
16
29
9,8
32
28
6,9
45
Co
mp
ensa
tio
n o
f em
plo
yee
s3
13
15
6
1
71
11
9
2
97
89
22
6
2
20
1,0
07
58
4
Inves
tmen
t in
com
e3
4,6
81
19
,50
2
1
48
,96
9
1
53
,02
1
5
6,1
30
49
,84
1
5
9,0
45
63
,99
6
2
98
,82
5
2
86
,36
1
Cu
rren
t tr
ansf
ers
6,7
20
7,1
72
13
,92
6
1
3,6
41
5,9
32
7,9
47
6,4
87
10
,78
8
3
3,0
65
39
,54
8
Cen
tral
go
ver
nm
ent
2,7
34
1,8
77
8,6
57
4,8
96
3,2
60
45
9
2
,06
2
8
30
16
,71
3
8
,06
2
Oth
er s
ecto
rs3
,98
6
5
,29
5
5
,26
9
8
,74
5
2
,67
2
7
,48
8
4
,42
5
9
,95
8
1
6,3
52
31
,48
6
Fig
ure
s m
ay n
ot
add
up
du
e to
ro
un
din
g
… T
ab
le 3
.2 -
Ba
lan
ce o
f P
ay
men
ts S
tate
men
t …
Su
mm
ary
of
the
tran
sact
ion
s o
f M
alta
wit
h t
he
rest
of
the
wo
rld
(ex
clu
din
g t
he
Eu
rop
ean
Un
ion
) o
n a
qu
arte
rly
bas
is
20
01
Q1
Q2
Q3
Q4
Q1
-Q4
Summary tablesMalta with the rest of the world
45
Lm
thousa
nds
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
G
ood
s (n
et)
-67,3
44
-16,3
60
36,4
76
29,9
91
42,3
08
148,3
03
37,0
94
33,5
59
16,0
73
49,7
34
48,9
38
8,1
09
3,8
98
15,2
80
9,8
07
G
ener
al m
erch
andis
e-6
7,0
75
-20,3
39
32,0
40
29,9
56
38,1
79
132,3
07
30,8
74
29,0
54
12,1
70
45,3
13
45,7
70
7,5
35
2,9
79
13,2
67
7,0
93
R
epai
rs o
n g
oods
-976
-1,9
01
-1,8
45
-1,7
90
-4,5
91
-4,4
90
-4,5
43
-719
-816
-1,5
35
-1,4
20
-1,1
65
-1,3
40
-1,4
97
-541
G
oods
pro
cure
d i
n p
ort
s by c
arri
ers
3,6
73
9,6
75
9,0
86
4,8
41
12,1
44
25,0
72
15,8
82
6,1
43
5,8
78
7,0
83
5,9
68
2,8
97
3,6
89
4,8
66
4,4
30
N
onm
onet
ary g
old
-2,9
65
-3,7
96
-2,8
05
-3,0
17
-3,4
24
-4,5
85
-5,1
19
-919
-1,1
59
-1,1
27
-1,3
80
-1,1
58
-1,4
30
-1,3
57
-1,1
75
Cre
dit
198,3
24
278,8
12
300,3
03
330,9
24
416,7
64
723,8
57
461,9
12
150,5
81
177,8
36
192,3
72
203,0
69
125,3
98
114,9
90
108,7
62
112,7
61
E
xport
s F
OB
193,4
54
268,1
80
290,2
44
325,6
34
404,0
78
697,9
03
445,2
13
144,2
92
171,7
55
184,9
73
196,8
83
122,3
58
111,0
79
103,6
13
108,1
64
E
xport
s of
goods
in t
rade
stat
isti
cs211,9
51
278,9
41
300,4
75
346,4
12
416,8
34
724,0
88
461,9
47
150,6
21
177,8
89
192,4
76
203,1
01
125,4
06
114,9
90
108,7
68
112,7
83
A
dju
stm
ents
-18,4
98
-10,7
61
-10,2
30
-20,7
78
-12,7
56
-26,1
85
-16,7
34
-6,3
30
-6,1
34
-7,5
04
-6,2
18
-3,0
48
-3,9
11
-5,1
55
-4,6
19
F
or
cover
age
-14,0
67
-428
-436
-15,4
88
-70
-231
-36
-41
-53
-105
-33
-8
0
-6
-22
F
or
clas
sifi
cati
on
-4,4
31
-10,3
33
-9,7
94
-5,2
90
-12,6
86
-25,9
55
-16,6
98
-6,2
89
-6,0
81
-7,3
99
-6,1
86
-3,0
40
-3,9
11
-5,1
49
-4,5
98
R
epai
rs o
n g
oods
439
299
265
0
0
0
0
0
0
0
0
0
0
0
0
G
oods
pro
cure
d i
n p
ort
s by c
arri
ers
4,4
31
10,3
33
9,7
94
5,2
90
12,6
86
25,9
55
16,6
98
6,2
89
6,0
81
7,3
99
6,1
86
3,0
40
3,9
11
5,1
49
4,5
98
Deb
it265,6
67
295,1
71
263,8
27
300,9
33
374,4
56
575,5
54
424,8
18
117,0
22
161,7
63
142,6
38
154,1
31
117,2
89
111,0
92
93,4
82
102,9
55
Im
port
s F
OB
260,5
28
288,5
18
258,2
04
295,6
77
365,8
99
565,5
95
414,3
39
115,2
38
159,5
85
139,6
60
151,1
13
114,8
23
108,1
00
90,3
45
101,0
71
Im
port
s of
goods
in t
rade
stat
isti
cs283,3
96
316,6
98
281,4
05
317,8
44
392,7
57
597,5
32
446,0
80
122,5
08
168,4
67
146,9
25
159,6
32
122,6
02
116,0
11
98,5
53
108,9
14
A
dju
stm
ents
-22,8
68
-28,1
80
-23,2
01
-22,1
67
-26,8
58
-31,9
37
-31,7
41
-7,2
70
-8,8
82
-7,2
65
-8,5
19
-7,7
79
-7,9
11
-8,2
08
-7,8
43
F
or
cover
age
-3,5
28
-5,3
30
-3,1
30
-3,3
73
-3,8
24
-5,3
01
-5,4
09
-1,1
08
-1,3
40
-1,3
83
-1,4
69
-1,2
59
-1,4
51
-1,3
95
-1,3
04
F
or
clas
sifi
cati
on
-19,3
40
-22,8
50
-20,0
71
-18,7
94
-23,0
34
-26,6
36
-26,3
32
-6,1
62
-7,5
42
-5,8
82
-7,0
50
-6,5
20
-6,4
60
-6,8
13
-6,5
39
R
epai
rs o
n g
oods
1,4
16
2,1
99
2,1
10
1,7
90
4,5
91
4,4
90
4,5
43
719
816
1,5
35
1,4
20
1,1
65
1,3
40
1,4
97
541
G
oods
pro
cure
d i
n p
ort
s by c
arri
ers
758
658
708
449
542
883
816
146
203
316
218
143
222
283
168
N
onm
onet
ary g
old
2,9
65
3,7
96
2,8
05
3,0
17
3,4
24
4,5
85
5,1
19
919
1,1
59
1,1
27
1,3
80
1,1
58
1,4
30
1,3
57
1,1
75
Fig
ure
s m
ay n
ot
add u
p d
ue
to r
oundin
g
2000
2001
Ta
ble
3.3
- G
oo
ds
Acc
ou
nt
Tra
nsa
ctio
ns
of
Mal
ta w
ith t
he
rest
of
the
worl
d (
excl
udin
g t
he
Euro
pea
n U
nio
n)
on a
net
and g
ross
bas
is
2000
2001
1995
1996
1997
1998
1999
The current accountMalta with the rest of the world -
goods account
46
Lm
thousa
nds
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
S
erv
ices
(n
et)
42
,44
1
45
,04
7
71
,72
8
69
,05
7
71
,59
3
60
,93
6
36
,52
3
14
,98
8
13
,43
2
21
,44
6
11
,07
0
6,6
52
9
,45
1
15
,29
3
5,1
27
T
ran
spo
rtat
ion
-2,2
41
-1
,83
3
5,6
87
3
,63
1
-7,9
21
-2
,09
5
-6,7
20
4
,12
3
-3,9
65
2
6
-2,2
78
-1
,39
7
-2,6
65
-6
39
-2
,019
of
whic
h :
Pas
senger
9,3
24
12
,88
5
15
,61
6
17
,38
1
14
,63
3
15
,80
2
9,5
81
4
,91
4
3,5
50
4
,70
3
2,6
35
1
,76
5
2,7
33
3
,64
3
1,4
40
F
reig
ht
-16,8
62
-20,0
57
-17,4
34
-15,8
65
-18,4
06
-21,1
57
-21,8
29
-4,7
23
-5,6
19
-4,9
88
-5,8
27
-4,8
16
-5,5
32
-5,8
64
-5,6
17
O
ther
5,2
97
5
,33
9
7,5
05
2
,11
4
-4,1
48
3
,25
9
5,5
28
3
,93
2
-1,8
97
3
11
9
13
1
,65
4
13
5
1,5
81
2
,15
8
T
ravel
35
,07
9
31
,12
8
44
,47
1
46
,38
3
65
,25
3
55
,86
5
35
,01
2
12
,53
5
14
,39
1
17
,56
5
11
,37
4
7,4
46
7
,62
6
14
,18
7
5,7
53
C
om
munic
atio
n s
ervic
es1,8
83
49
3
31
2
99
2
35
1
-14
6
2,6
06
-1
36
-3
1
66
-4
6
53
9
60
9
69
8
76
0
I
nsu
rance
ser
vic
es-1
,587
-2,6
45
-1,9
67
-2,3
73
-2,4
43
-2,4
66
-2,4
14
-491
-699
-591
-686
-682
-434
-751
-547
O
ther
pri
vat
e busi
nes
s se
rvic
es, n.i
.e.
6,9
22
15,4
88
21
,23
5
20
,09
8
16
,96
4
10
,16
6
7,5
34
-1
,33
1
3,4
97
4
,89
3
3,1
08
9
16
4
,09
5
1,9
11
6
12
G
over
nm
ent
serv
ices
, n.i
.e.
2,3
84
2,4
16
1,9
90
326
-611
-38
8
50
5
28
7
23
9
-51
2
-40
2
-17
0
22
0
-11
3
56
8
Cre
dit
96
,21
5
10
9,8
57
1
37
,88
8
14
4,9
14
1
58
,52
7
15
7,6
10
1
28
,27
3
39
,20
6
37
,48
6
46
,72
0
34
,19
8
27
,02
2
30
,77
0
41
,18
4
29
,29
8
T
ransp
ort
atio
n2
1,2
40
2
5,7
32
3
0,4
54
3
1,8
41
3
1,5
60
3
5,2
90
2
9,4
21
1
0,6
40
7
,46
3
10
,20
2
6,9
85
6
,77
0
6,4
46
9
,12
9
7,0
77
of
whic
h :
Pas
senger
10
,29
3
13
,55
0
17
,27
4
18
,93
0
16
,48
6
17
,57
3
10
,82
8
5,3
55
4
,07
8
5,0
65
3
,07
5
2,1
78
3
,12
5
3,8
64
1
,66
1
F
reig
ht
35
4
23
1
30
1
79
9
1,9
59
1
,31
0
70
2
36
0
68
0
80
1
90
3
56
6
6
14
8
13
2
O
ther
10
,59
3
11
,95
0
12
,87
9
12
,11
2
13
,11
5
16
,40
7
17
,89
1
4,9
25
2
,70
5
5,0
57
3
,72
0
4,2
36
3
,25
5
5,1
17
5
,28
4
T
ravel
56
,40
5
55
,91
5
68
,92
8
73
,65
5
90
,70
2
87
,05
9
62
,07
1
19
,12
3
21
,52
9
26
,38
4
20
,02
3
13
,09
3
13
,09
1
22
,31
2
13,5
75
C
om
munic
atio
n s
ervic
es2,6
58
1,4
33
2
,37
1
2,0
01
1
,61
5
1,5
61
4
,32
3
33
6
33
2
54
5
34
8
92
8
1,0
72
1
,21
1
1,1
12
I
nsu
ran
ce s
erv
ices
32
6
34
7
30
8
28
2
25
7
57
3
1,2
89
1
08
8
4
27
6
10
5
83
5
43
2
62
4
01
O
ther
pri
vat
e b
usi
nes
s se
rvic
es,
n.i
.e.
10
,84
6
22
,13
3
31
,14
8
30
,91
4
29
,78
0
28
,22
0
25
,53
5
7,6
06
6
,84
9
8,0
92
5
,673
4
,71
0
8,2
77
7
,08
1
5,4
67
G
over
nm
ent
serv
ices
, n.i
.e.
4,7
40
4,2
97
4,6
79
6,2
21
4,6
13
4
,90
7
5,6
34
1
,39
3
1,2
29
1
,22
1
1,0
64
1
,43
8
1,3
41
1
,18
9
1,6
66
Deb
it5
3,7
74
6
4,8
10
6
6,1
60
7
5,8
57
8
6,9
34
9
6,6
75
9
1,7
51
2
4,2
18
2
4,0
54
2
5,2
74
2
3,1
28
2
0,3
70
2
1,3
19
2
5,8
91
2
4,1
71
T
ransp
ort
atio
n2
3,4
81
2
7,5
65
2
4,7
66
2
8,2
11
3
9,4
81
3
7,3
85
3
6,1
41
6
,51
7
11
,42
8
10
,17
7
9,2
63
8
,16
7
9,1
10
9
,76
8
9,0
96
of
whic
h :
Pas
senger
969
665
1,6
58
1,5
49
1
,85
3
1,7
71
1
,24
6
44
1
52
8
36
2
44
0
41
3
39
2
22
1
22
1
F
reig
ht
17
,21
6
20
,28
8
17
,73
5
16
,66
4
20
,36
5
22
,46
7
22
,53
2
5,0
83
6
,29
9
5,0
68
6
,01
7
5,1
72
5
,59
8
6,0
12
5
,74
9
O
ther
5,2
96
6
,61
2
5,3
74
9
,99
8
17
,26
3
13
,14
8
12
,36
4
99
3
4,6
02
4
,74
6
2,8
06
2
,58
2
3,1
20
3
,53
5
3,1
26
T
ravel
21
,32
6
24
,78
7
24
,45
7
27
,27
2
25
,44
9
31
,19
4
27
,05
9
6,5
88
7
,13
8
8,8
19
8
,64
9
5,6
47
5
,46
5
8,1
25
7
,82
2
C
om
munic
atio
n s
ervic
es775
940
2,0
60
1,0
09
1,2
64
1,7
08
1
,71
7
47
1
36
3
47
9
39
4
38
9
46
3
51
4
35
1
I
nsu
ran
ce s
erv
ices
1,9
13
2
,99
2
2,2
75
2
,65
5
2,7
00
3
,03
9
3,7
03
5
99
7
83
8
67
7
91
7
65
9
77
1
,01
3
94
8
O
ther
pri
vat
e busi
nes
s se
rvic
es, n.i
.e.
3,9
23
6,6
45
9
,91
3
10
,81
5
12
,81
6
18
,05
4
18
,00
2
8,9
37
3
,35
2
3,1
99
2
,56
5
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94
4
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3
5,1
69
4
,85
6
G
over
nm
ent
serv
ices
, n.i
.e.
2,3
56
1
,88
1
2,6
89
5
,89
5
5,2
24
5
,29
5
5,1
29
1
,10
6
99
0
1,7
33
1
,46
6
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08
1
,12
1
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02
1
,09
8
Fig
ure
s m
ay n
ot
add u
p d
ue
to r
oundin
g
20
00
20
01
Ta
ble
3.4
- S
erv
ices
Acc
ou
nt
Tra
nsa
ctio
ns
of
Mal
ta w
ith t
he
rest
of
the
worl
d (
excl
udin
g t
he
Euro
pea
n U
nio
n)
on a
net
and g
ross
bas
is
20
00
20
01
19
95
19
96
19
97
19
98
19
99
The current accountMalta with the rest of the world -services account
47
Lm
thousa
nds
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
I
nco
me
(net
)-2
,959
2,2
49
-8,3
90
-24,4
34
-873
16,7
04
12,8
87
-10,8
03
5,5
69
8,4
61
13,4
77
15336
-4000
6496
-4945
C
om
pen
sati
on o
f em
plo
yee
s391
814
97
1,3
83
800
1,8
07
423
222
498
354
733
157
52
208
6
I
nves
tmen
t in
com
e-3
,350
1,4
35
-8,4
87
-25,8
17
-1,6
73
14,8
97
12,4
64
-11,0
25
5,0
71
8,1
07
12,7
44
15179
-4052
6288
-4951
I
nco
me
on e
quit
y-5
,563
-7,8
38
-9,8
40
-17,0
73
-12,3
20
-25,7
55
-23,5
06
-27,4
49
-21,7
62
-12,0
76
35,5
32
78586
-82703
-8914
-1
0475
D
ivid
ends
and d
istr
ibute
d b
ranch
pro
fits
-3
,936
-3,2
73
-1,9
24
-1,7
44
-596
-763
-14,2
07
-10
-173
-74
-506
109
-36
-95
50
-4730
R
einves
ted e
arnin
gs
and u
ndis
trib
ute
d b
ranch
pro
fits
-1,6
27
-4,5
65
-7,9
16
-15,3
29
-11,7
24
-24,9
92
-9,2
99
-27,4
39
-21,5
89
-12,0
02
36,0
38
78477
-82667
636
-5745
I
nco
me
on d
ebt
(inte
rest
)2,2
72
9,2
94
1,4
59
-8,6
61
11,1
40
41,9
28
36,3
71
17,1
24
27,1
15
20,3
32
-22,6
44
-63227
78794
15244
5561
O
ther
inves
tmen
t -5
9
-22
-106
-83
-493
-1,2
76
-401
-700
-281
-150
-145
-180
-142
-42
-37
Cre
dit
20,0
06
32,3
63
52,1
51
89,5
69
347,0
83
303,2
10
299,8
32
87,3
30
87,9
91
93,0
42
34,8
48
34,9
94
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40
56,4
27
59,2
71
C
om
pen
sati
on o
f em
plo
yee
s1,3
04
1,7
81
1,3
37
2,1
76
1,6
15
2,4
51
1,0
07
355
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422
1,0
44
313
171
297
226
I
nves
tmen
t in
com
e18,7
02
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82
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14
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93
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68
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59
298,8
25
86,9
75
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61
92,6
20
33,8
04
34,6
81
148,9
69
56,1
30
59,0
45
I
nco
me
on e
quit
y7
58
164
-350
567
1,7
51
1,3
47
311
556
505
379
-127
-245
-247
1,9
66
D
ivid
ends
and d
istr
ibute
d b
ranch
pro
fits
7
58
164
222
282
281
130
76
56
5
144
123
3
2
2
R
einves
ted e
arnin
gs
and u
ndis
trib
ute
d b
ranch
pro
fits
0
0
0
-572
285
1,4
70
1,2
17
235
500
500
235
-250
-248
-249
1,9
64
I
nco
me
on d
ebt
(inte
rest
)18,6
95
30,5
24
50,6
50
87,7
43
344,9
01
299,0
08
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78
86,6
64
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05
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15
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25
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08
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14
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77
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79
O
ther
inves
tmen
t 0
0
0
0
0
0
0
0
0
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0
0
0
0
Deb
it22,9
65
30,1
15
60,5
41
114,0
03
347,9
56
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07
286,9
45
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33
82,4
22
84,5
81
21,3
71
19,6
58
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40
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30
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16
C
om
pen
sati
on o
f em
plo
yee
s913
967
1,2
40
793
815
644
584
133
132
68
311
156
119
89
220
I
nves
tmen
t in
com
e22,0
52
29,1
48
59,3
01
113,2
10
347,1
41
285,8
63
286,3
61
98,0
00
82,2
90
84,5
13
21,0
60
19,5
02
153,0
21
49,8
41
63
,996
I
nco
me
on e
quit
y5,5
70
7,8
96
10,0
04
16,7
23
12,8
87
27,5
06
24,8
53
27,7
60
22,3
18
12,5
81
-35,1
53
-78,7
13
82,4
58
8,6
67
12,4
41
D
ivid
ends
and d
istr
ibute
d b
ranch
pro
fits
3,9
43
3,3
31
2,0
88
1,9
66
878
1,0
44
14,3
37
86
229
79
650
14
39
9,5
52
4,7
32
R
einves
ted e
arnin
gs
and u
ndis
trib
ute
d b
ranch
pro
fits
1,6
27
4,5
65
7,9
16
14,7
57
12,0
09
26,4
62
10,5
16
27,6
74
22,0
89
12,5
02
-35,8
03
-78,7
27
82,4
19
-885
7,7
09
I
nco
me
on d
ebt
(inte
rest
)16,4
23
21,2
30
49,1
90
96,4
04
333,7
61
257,0
80
261,1
07
69,5
40
59,6
90
71,7
82
56,0
68
98,0
35
70,4
21
41,1
33
51,5
18
O
ther
inves
tmen
t 59
22
106
83
493
1,2
76
401
700
281
150
145
180
142
42
37
Fig
ure
s m
ay n
ot
add u
p d
ue
to r
oundin
g
2000
2001
Ta
ble
3.5
- I
nco
me
Acc
ou
nt
Tra
nsa
ctio
ns
of
Mal
ta w
ith t
he
rest
of
the
worl
d (
excl
udin
g t
he
Euro
pea
n U
nio
n)
on a
net
and g
ross
bas
is
2000
2001
1995
1996
1997
1998
1999
The current accountMalta with the rest of the world -
income account
48
Lm
thousa
nds
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
C
urr
ent
tra
nsf
ers
(net
)2
,43
2
3,3
58
2
,87
9
2,5
92
5
,15
6
3,3
73
-6
,48
3
-49
4
1,6
74
2
,37
5
-18
2
-45
3
28
5
-2,0
15
-4
,30
1
G
ener
al g
over
nm
ent
-95
-157
875
-11
8
-1,9
12
2
,52
3
8,6
51
-5
75
7
60
2
,02
9
30
9
85
7
3,7
61
2
,80
1
1,2
32
O
ther
(p
riv
ate)
2,5
27
3
,51
5
2,0
04
2
,71
0
7,0
68
8
50
-1
5,1
34
8
1
91
4
34
6
-49
1
-1,3
10
-3
,47
6
-4,8
16
-5
,53
3
W
ork
ers'
rem
itta
nce
s280
534
486
212
240
173
-383
58
35
150
-70
-205
-17
-112
-49
Oth
er t
ran
sfer
s2
,24
7
2,9
81
1
,51
8
2,4
98
6
,82
8
67
7
-14
,75
1
23
8
79
1
96
-4
21
-1
,10
5
-3,4
59
-4
,70
4
-5,4
84
Cre
dit
5,6
42
6
,82
1
7,6
59
7
,43
9
13
,09
2
11
,49
9
33
,06
5
91
7
4,2
10
4
,25
5
2,1
17
6
,72
0
13
,92
6
5,9
32
6
,48
7
G
ener
al g
over
nm
ent
67
145
1,9
37
2,1
21
1,4
61
7
,08
4
16
,71
3
12
1
2,3
35
3
,23
0
1,3
98
2
,73
4
8,6
57
3
,26
0
2,0
62
O
ther
(p
riv
ate)
5,5
75
6
,67
6
5,7
22
5
,31
8
11
,63
1
4,4
15
1
6,3
52
7
96
1
,87
5
1,0
25
7
19
3
,98
6
5,2
69
2
,67
2
4,4
25
W
ork
ers'
rem
itta
nce
s546
819
720
395
573
472
170
118
70
206
78
49
75
11
35
Oth
er t
ran
sfer
s5
,02
9
5,8
57
5
,00
2
4,9
23
1
1,0
58
3
,94
3
16
,18
2
67
8
1,8
05
8
19
6
41
3
,93
7
5,1
94
2
,66
1
4,3
90
Deb
it3
,21
0
3,4
63
4
,78
0
4,8
47
7
,93
6
8,1
26
3
9,5
48
1
,41
1
2,5
36
1
,88
0
2,2
99
7
,17
2
13
,64
1
7,9
47
1
0,7
88
G
ener
al g
over
nm
ent
162
302
1,0
62
2,2
39
3
,37
3
4,5
61
8
,06
2
69
6
1,5
75
1
,20
1
1,0
89
1
,87
7
4,8
96
4
59
8
30
O
ther
(p
riv
ate)
3,0
48
3
,16
1
3,7
18
2
,60
8
4,5
63
3
,56
5
31
,48
6
71
5
96
1
67
9
1,2
10
5
,29
5
8,7
45
7
,48
8
9,9
58
W
ork
ers'
rem
itta
nce
s266
285
234
183
333
299
553
60
35
56
148
254
92
123
84
Oth
er t
ran
sfer
s2
,78
2
2,8
76
3
,48
4
2,4
25
4
,23
0
3,2
66
3
0,9
33
6
55
9
26
6
23
1
,06
2
5,0
41
8
,65
3
7,3
65
9
,87
4
Fig
ure
s m
ay n
ot
add u
p d
ue
to r
oundin
g
2000
2000
Ta
ble
3.6
- C
urr
ent
Tra
nsf
ers
Acc
ou
nt
Tra
nsa
ctio
ns
of
Mal
ta w
ith t
he
rest
of
the
worl
d (
excl
udin
g t
he
Euro
pea
n U
nio
n)
on a
net
and g
ross
bas
is
1995
1996
1997
1998
1999
2000
2001
The current accountMalta with the rest of the world -current transfers account
The International Investment Position
1995 - 2001
51
1995 1996 1997 1998 1999 2000 2001
A. Assets 1,445,408 1,710,061 2,069,824 3,026,101 4,007,950 4,697,204 4,240,440
1. Direct Investment abroad 11,390 38,763 54,655 64,316 76,332 88,900 113,086
1.1 Equity capital and reinvested earnings 12,134 14,429 20,852 26,604 43,442 56,176 82,523
1.1.1 Claims on affiliated enterprises 12,134 14,429 20,852 26,604 43,442 56,176 82,523
1.1.2 Liabilities to affiliated enterprises 0 0 0 0 0 0 0
1.2 Other capital -744 24,334 33,803 37,712 32,890 32,724 30,563
1.2.1 Claims on affiliated enterprises 2,692 27,212 38,963 43,495 36,123 36,639 33,870
1.2.2 Liabilities to affiliated enterprises 3,436 2,878 5,160 5,783 3,233 3,915 3,307
2. Portfolio Investment 491,259 541,325 502,675 564,550 787,540 1,136,160 1,341,470
2.1 Equity securities 1,341 1,733 5,984 2,460 10,054 17,774 34,488
2.1.1 Monetary authorities 0 0 0 0 0 0 0
2.1.2 General government 0 0 0 0 0 0 0
2.1.3 Banks 250 446 4,347 1,881 6,490 1,135 1,191
2.1.4 Other sectors 1,091 1,287 1,637 579 3,564 16,639 33,297
2.2 Debt securities 489,918 539,592 496,691 562,090 777,486 1,118,386 1,306,982
2.2.1 Bonds and notes 485,799 517,858 487,534 555,753 747,891 1,109,455 1,036,156
2.2.1.1 Monetary authorities 0 0 0 0 0 0 0
2.2.1.2 General government 0 0 0 0 0 0 0
2.2.1.3 Banks 482,470 512,173 481,516 549,881 741,289 1,102,853 1,029,554
2.2.1.4 Other sectors 3,329 5,685 6,018 5,872 6,602 6,602 6,602
2.2.2 Money market instruments 4,119 21,734 9,157 6,337 29,595 8,931 270,826
2.2.2.1 Monetary authorities 0 0 0 0 0 0 0
2.2.2.2 General government 0 0 0 0 0 0 0
2.2.2.3 Banks 1,162 18,816 5,215 0 22,671 0 266,356
2.2.2.4 Other sectors 2,957 2,918 3,942 6,337 6,924 8,931 4,470
2.2.3 Financial derivatives 0 0 0 0 0 0 0
2.2.3.1 Monetary authorities 0 0 0 0 0 0 0
2.2.3.2 General government 0 0 0 0 0 0 0
2.2.3.3 Banks 0 0 0 0 0 0 0
2.2.3.4 Other sectors 0 0 0 0 0 0 0
Figures may not add up due to rounding
Table 4 - International Investment Position …
1995 - 2001
End of year position
Lm thousands
International Investment Position
52
1995 1996 1997 1998 1999 2000 2001
3. Other Investment 362,059 575,854 950,826 1,757,263 2,403,758 2,828,000 2,025,455
3.1 Trade credits 79,218 77,425 86,912 76,390 94,240 84,395 84,380
3.1.1 General government: 0 0 0 0 0 0 0
3.1.1.1 long-term 0 0 0 0 0 0 0
3.1.1.2 short-term 0 0 0 0 0 0 0
3.1.2 Other sectors: 79,218 77,425 86,912 76,390 94,240 84,395 84,380
3.1.2.1 long-term 0 0 0 0 0 0 0
3.1.2.2 short-term 79,218 77,425 86,912 76,390 94,240 84,395 84,380
3.2 Loans 102,773 264,549 467,116 618,127 831,395 1,235,711 1,224,730
3.2.1 Monetary authorities: 0 0 0 0 0 0 0
3.2.1.1 long-term 0 0 0 0 0 0 0
3.2.1.2 short-term 0 0 0 0 0 0 0
3.2.2 General government: 23 24 21 21 21 21 21
3.2.2.1 long-term 23 24 21 21 21 21 21
3.2.2.2 short-term 0 0 0 0 0 0 0
3.2.3 Banks: 100,270 259,992 462,162 611,075 823,691 1,227,600 1,211,551
3.2.3.1 long-term 100,270 259,992 462,162 611,075 823,691 1,227,600 1,211,551
3.2.3.2 short-term 0 0 0 0 0 0 0
3.2.4 Other sectors: 2,480 4,533 4,933 7,031 7,683 8,090 13,158
3.2.4.1 long-term 1,019 1,225 1,315 1,562 159 37 1,609
3.2.4.2 short-term 1,461 3,308 3,618 5,469 7,524 8,053 11,549
3.3 Currency and deposits 158,695 211,665 361,061 1,018,752 1,071,086 525,317 437,782
3.3.1 Monetary authorities 0 0 0 0 0 0 0
3.3.2 General government 0 0 0 0 0 0 0
3.3.3 Banks 127,860 175,428 316,500 971,538 1,035,395 505,519 419,624
3.3.4 Other sectors 30,835 36,237 44,561 47,214 35,691 19,798 18,158
3.4 Other assets 21,373 22,215 35,737 43,994 407,037 982,577 278,563
3.4.1 Monetary authorities: 0 0 0 0 0 0 0
3.4.1.1 long-term 0 0 0 0 0 0 0
3.4.1.2 short-term 0 0 0 0 0 0 0
3.4.2 General government: 712 919 984 970 1,046 1,046 1,200
3.4.2.1 long-term 712 919 984 970 1,046 1,046 1,200
3.4.2.2 short-term 0 0 0 0 0 0 0
3.4.3 Banks: 16,355 18,588 31,308 39,975 403,552 975,118 269,799
3.4.3.1 long-term 0 0 0 0 0 0 0
3.4.3.2 short-term 16,355 18,588 31,308 39,975 403,552 975,118 269,799
3.4.4 Other sectors: 4,306 2,708 3,445 3,049 2,439 6,413 7,564
3.4.4.1 long-term 0 0 0 0 0 0 0
3.4.4.2 short-term 4,306 2,708 3,445 3,049 2,439 6,413 7,564
4. Reserve assets 580,700 554,119 561,668 639,972 740,320 644,144 760,429
4.1 Monetary gold 3,596 3,645 1,311 688 737 452 629
4.2 Special drawing rights 19,732 20,562 22,180 23,603 12,732 13,978 14,994
4.3 Reserve position in the Fund 14,275 15,846 16,732 16,826 22,786 22,962 22,869
4.4 Foreign exchange 543,097 514,066 521,445 598,855 704,065 606,752 721,937
4.5 Other claims 0 0 0 0 0 0 0
Figures may not add up due to rounding
Lm thousands
End of year position
… Table 4 - International Investment Position
1995 - 2001
International Investment Position
53
1995 1996 1997 1998 1999 2000 2001
B. Liabilities 1,038,618 1,394,500 1,788,813 2,753,376 3,766,235 4,620,592 4,114,856
1. Direct Investment in Malta 198,110 303,627 335,279 443,192 766,711 1,039,198 1,147,577
1.1 Equity capital and reinvested earnings 227,255 274,242 295,340 335,176 473,763 642,109 720,637
1.1.1 Claims on direct investors 0 0 0 0 0 0 0
1.1.2 Liabilities to direct investors 227,255 274,242 295,340 335,176 473,763 642,109 720,637
1.2 Other capital -29,145 29,385 39,939 108,016 292,948 397,089 426,940
1.2.1 Claims on direct investors 167,482 175,122 193,671 210,101 149,464 208,269 289,880
1.2.2 Liabilities to direct investors 138,337 204,507 233,610 318,117 442,412 605,358 716,820
2. Portfolio Investment 8,505 8,587 25,360 48,979 38,875 41,860 41,477
2.1 Equity securities 0 0 0 0 0 0 223
2.1.1 Banks 0 0 0 0 0 0 0
2.1.2 Other sectors 0 0 0 0 0 0 223
2.2 Debt securities 8,505 8,587 25,360 48,979 38,875 41,860 41,254
2.2.1 Bonds and notes 0 0 16,781 17,402 16,366 16,204 10,553
2.2.1.1 Monetary authorities 0 0 0 0 0 0 0
2.2.1.2 General government 0 0 0 0 0 0 0
2.2.1.3 Banks 0 0 16,781 17,402 16,366 16,204 10,553
2.2.1.4 Other sectors 0 0 0 0 0 0 0
2.2.2 Money market instruments 8,505 8,587 8,579 31,577 22,509 25,656 30,701
2.2.2.1 Monetary authorities 0 0 0 0 0 0 0
2.2.2.2 General government 0 0 0 0 0 0 0
2.2.2.3 Banks 0 0 0 3,284 3,247 3,344 7,736
2.2.2.4 Other sectors 8,505 8,587 8,579 28,293 19,262 22,312 22,965
2.2.3 Financial derivatives 0 0 0 0 0 0 0
2.2.3.1 Monetary authorities 0 0 0 0 0 0 0
2.2.3.2 General government 0 0 0 0 0 0 0
2.2.3.3 Banks 0 0 0 0 0 0 0
2.2.3.4 Other sectors 0 0 0 0 0 0 0
Figures may not add up due to rounding
End of year position
Lm thousands
… Table 4 - International Investment Position
1995 - 2001
International Investment Position
54
1995 1996 1997 1998 1999 2000 2001
3. Other Investment 832,003 1,082,286 1,428,174 2,261,205 2,960,649 3,539,534 2,925,801
3.1 Trade credits 60,184 54,729 60,517 71,875 68,375 71,027 81,106
3.1.1 General government: 0 0 0 0 0 0 0
3.1.1.1 long-term 0 0 0 0 0 0 0
3.1.1.2 short-term 0 0 0 0 0 0 0
3.1.2 Other sectors: 60,184 54,729 60,517 71,875 68,375 71,027 81,106
3.1.2.1 long-term 0 0 0 0 0 0 0
3.1.2.2 short-term 60,184 54,729 60,517 71,875 68,375 71,027 81,106
3.2 Loans 313,140 393,223 428,204 580,558 679,465 677,017 547,184
3.2.1 Monetary authorities 0 0 0 0 0 0 0
3.2.1.1 Use of Fund credit and 0 0 0 0 0 0 0
loans from the fund 0 0 0 0 0 0 0
3.2.1.2 Other long-term 0 0 0 0 0 0 0
3.2.1.3 Short-term 0 0 0 0 0 0 0
3.2.2 General government 53,433 51,789 50,449 46,513 44,349 39,250 40,494
3.2.2.1 long-term 53,433 51,789 50,449 46,513 44,349 39,250 40,494
3.2.2.2 short-term 0 0 0 0 0 0 0
3.2.3 Banks 30,276 70,725 90,307 264,453 369,552 375,169 236,749
3.2.3.1 long-term 30,276 70,725 90,307 264,453 369,552 375,169 236,749
3.2.3.2 short-term 0 0 0 0 0 0 0
3.2.4 Other sectors: 229,431 270,709 287,448 269,592 265,564 262,598 269,941
3.2.4.1 long-term 219,053 253,116 257,952 259,650 254,213 251,092 257,284
3.2.4.2 short-term 10,378 17,593 29,496 9,942 11,351 11,506 12,657
3.3 Currency and deposits 337,249 548,833 835,485 1,462,023 1,817,264 1,391,611 1,341,348
3.3.1 Monetary authorities 0 0 0 0 0 0 0
3.3.2 General government 0 0 0 0 0 0 0
3.3.3 Banks 337,249 548,833 835,485 1,462,023 1,817,264 1,391,611 1,341,348
3.3.4 Other sectors 0 0 0 0 0 0 0
3.4 Other liabilities 121,430 85,501 103,968 146,749 395,545 1,399,879 956,163
3.4.1 Monetary authorities 0 0 0 0 0 0 0
3.4.1.1 long-term 0 0 0 0 0 0 0
3.4.1.2 short-term 0 0 0 0 0 0 0
3.4.2 General government 0 0 0 0 0 0 0
3.4.2.1 long-term 0 0 0 0 0 0 0
3.4.2.2 short-term 0 0 0 0 0 0 0
3.4.3 Banks 117,434 80,966 100,502 143,601 391,315 1,394,817 951,267
3.4.3.1 long-term 0 0 0 0 0 0 0
3.4.3.2 short-term 117,434 80,966 100,502 143,601 391,315 1,394,817 951,267
3.4.4 Other sectors 3,996 4,535 3,466 3,148 4,230 5,062 4,896
3.4.4.1 long-term 0 0 0 0 0 0 0
3.4.4.2 short-term 3,996 4,535 3,466 3,148 4,230 5,062 4,896
Figures may not add up due to rounding
… Table 4 - International Investment Position
1995 - 2001
End of year position
Lm thousands
International Investment Position
Analytical Tables
57
1995 1996 1997 1998 1999 2000 2001
GOODS, SERVICES AND INCOME 97.6 97.3 96.2 96.8 97.4 97.8 95.4
GOODS AND SERVICES 89.1 87.8 85.2 82.8 70.5 78.4 75.3
GOODS 58.0 54.7 51.0 50.3 43.9 54.2 48.5
SERVICES 31.1 33.0 34.2 32.5 26.6 24.2 26.8
Transport 7.7 8.0 8.5 8.7 7.2 6.6 7.8
Travel 19.6 19.6 19.8 18.1 14.8 13.4 14.0
Other Services 3.8 5.5 5.8 5.8 4.5 4.2 5.0
INCOME 8.5 9.6 11.1 14.0 26.9 19.4 20.1
Compensation of Employees 0.4 0.3 0.2 0.3 0.2 0.2 0.1
Investment Income 8.1 9.2 10.9 13.7 26.7 19.1 19.9
CURRENT TRANSFERS 2.4 2.7 3.8 3.2 2.6 2.2 4.6
CURRENT ACCOUNT (Lm thousands) 1,186,796 1,167,686 1,258,779 1,409,249 1,834,513 2,005,681 2,214,891
1995 1996 1997 1998 1999 2000 2001
GOODS, SERVICES AND INCOME 98.5 98.5 98.1 98.5 98.4 98.5 95.7
GOODS AND SERVICES 91.9 90.3 87.9 83.6 72.8 78.6 77.0
GOODS 74.1 71.6 68.9 64.9 56.8 64.1 59.8
SERVICES 17.8 18.7 19.0 18.7 16.0 14.5 17.2
Transport 7.8 8.2 8.3 7.9 7.0 6.3 7.3
Travel 5.7 6.0 5.5 5.0 4.3 4.0 4.2
Other Services 4.3 4.5 5.2 5.8 4.7 4.2 5.7
INCOME 6.6 8.2 10.2 14.9 25.5 19.9 18.7
Compensation of Employees 0.2 0.2 0.2 0.2 0.2 0.1 0.2
Investment Income 6.4 7.9 9.9 14.8 25.3 19.8 18.6
CURRENT TRANSFERS 1.5 1.5 1.9 1.5 1.6 1.5 4.3
CURRENT ACCOUNT (Lm thousands) 1,314,716 1,313,853 1,335,330 1,493,723 1,883,779 2,214,891 1,857,982
Credit (%)
Debit (%)
Table 5. Balance of Payments of Malta with the World
Analysis of the transactions as a percentage of the Current Account
Analytical tables
58
percentage
1995 1996 1997 1998 1999 2000 2001
Balance on Goods and Services accounts -13.2 -13.4 -7.9 -6.0 -5.4 -10.7 -5.4
Exports of goods and services 92.3 85.3 83.2 85.6 88.8 100.6 85.6
Imports of goods and services 105.5 98.8 91.1 91.6 94.2 111.3 91.0
Balance on Goods account -25.0 -25.2 -21.6 -19.1 -18.2 -21.2 -15.6
Exports of goods 60.1 53.2 49.8 52.0 55.3 69.6 55.1
Imports of goods 85.0 78.4 71.4 71.1 73.5 90.8 70.7
Balance on Services account 11.8 11.7 13.7 13.2 12.8 10.5 10.2
Exports of services 32.2 32.1 33.4 33.7 33.5 31.0 30.5
Transport 8.0 7.7 8.3 9.0 9.1 8.4 8.9
Travel 20.3 19.1 19.4 18.7 18.6 17.2 16.0
Other services 3.9 5.3 5.7 6.0 5.7 5.4 5.7
Imports of services 20.5 20.4 19.7 20.5 20.7 20.6 20.3
Transport 8.9 8.9 8.6 8.6 9.1 9.0 8.6
Travel 6.6 6.6 5.7 5.5 5.5 5.6 5.0
Other services 4.9 4.9 5.3 6.4 6.1 6.0 6.8
Current account balance 11.2 12.2 5.9 6.2 3.4 13.4 4.5
GDP at current market prices (Lm millions) 1,146 1,201 1,288 1,362 1,456 1,563 1,634*
* provisional
Table 6 - Balance of Payments of Malta with the World
Analysis of the transactions as a percentage of the Gross Domestic Product
Analytical tables
Appendix
61
Balance of Payments / International Investment Position Metadata
1. Introduction
The collection, compilation and presentation of the Balance of Payments (BOP) statement of Malta has been the responsibility of the National Statistics Office (NSO) since 1954, the year when such data started to be published by the statistical authorities in Malta. Since 1993, the compilation process has been enhanced by the participation of the Central Bank of Malta. The Bank, through its Balance of Payments (Data Compilation Section), co-operates actively with the NSO in the collection, vetting and compilation of b.o.p. data throughout the year. The b.o.p. statement is compiled on a transactions basis. Both the current and the capital and financial accounts are published quarterly and annually. The CBM has an additional role in the b.o.p. compilation process. It collects data on cash-based transactions between residents and non-residents, as recorded by local banks on a monthly basis. It also collects and compiles data on the external financial assets and liabilities of the various sectors of the Maltese economy. The NSO and CBM have shared competency in the compilation of the International Investment Position (IIP). In 1999, the NSO and CBM undertook to align b.o.p. and related data with international standards. Data covering the years 1995 onwards have been revised and reclassified in accordance with the fifth edition of the IMF’s balance of payment’s manual (BPM5). 2. Statistical System 2.1 Type of collection system The type of data collection system used to compile b.o.p. statistics is a mixed system based on enterprise survey data, a partial settlements system, customs data and other data sources. The partial settlements system captures cash-based transactions between residents and non-residents that pass through the local banking system. The data collected on services and the financial account are used in conjunction with other data sources. Another important element of the collection system is the quarterly enterprise survey based on the top companies operating in the various economic sectors of the national economy and an annual survey sent to an even larger number of companies. This survey covers service transactions of these enterprises and their financial account transactions. The changes in the short-term assets and liabilities of non-financial enterprises are derived from stocks statistics that is the changes in such assets and liabilities as shown in the companies’ balance sheet positions from year to year. Merchandise trade data is provided to the NSO by the Government’s Customs department. Exports are reported f.o.b. (free on board) while imports are given on a c.i.f. (cost, insurance and freight) basis. Financial account transactions of the banking sector are derived from changes in the stock of assets and liabilities as reported by banking institutions to the CBM’s in their financial returns, which are submitted to the CBM’s Banking Supervision Office on a monthly and quarterly basis. Data on the current account transactions of the banking institutions are derived from their profit and loss statements.
62
In addition, further statistical information on specific current and financial account transactions from various Government departments is obtained. Data on the external reserves are submitted by the CBM’s Finance Office on a quarterly basis. Other information provided by the finance department include revaluation adjustments, investment income and service payments effected by the CBM. The IIP is compiled for all the various economic sectors of the economy. Details on data sources, concepts, methods and the coverage of the IIP are given in section 12 below. All b.o.p and IIP information submitted by reporting agents (except for the banking sector) includes a geographical regional breakdown of services, financial account transactions and stock positions. In the case of merchandise trade data, reported by the Trade section of the NSO, a complete country breakdown is provided. Additional sources of information for b.o.p. purposes include: • Data on loans and portfolio investment abroad from the CBM’s BOP office. • Newspaper clippings on BOP issues and developments. • Annual financial reports of non-financial enterprises. 2.2 Availability of data B.o.p. data on a transactions basis in line with the IMF BPM5 is available quarterly. This is available before the end of three months following the end of the relevant quarter. In addition, the current account is also being compiled with a geographical subdivision, comprising the EU and the rest of the world. External reserves are compiled on a daily basis by the CBM and made available to the b.o.p. compilers on a quarterly basis. The IIP data is being compiled on an annual basis classified by instrument and by sector. However, the information submitted does not include a geographical breakdown. 2.3 Data Controls Formal checking and vetting of enterprise survey responses is carried out on a regular basis. Data is verified using company balance sheets; permits issued by the Capital Flows Section of the CBM’s BOP Office and newspaper clippings amongst others. Consistency checks of corporate data are built into the BOP software program for enterprises. The banking institutions’ own financial transactions are derived from the change in their stock positions adjusted for exchange rate changes. Large movements in stock positions are queried by the CBM with the reporting institutions. On an aggregate level, checks are also undertaken to ensure consistency between data received from enterprise survey questionnaires and data received from banking institutions covering transactions of the corporate sector. Particular attention is paid to the magnitude of the errors and omissions item and to large transactions that significantly depart from past
63
trends. The compilers seek as much as possible to find the underlying cause of such movements in the data. 2.4 Revision Policy Quarterly b.o.p. accruals data is revised on a quarterly basis. The previous year data remains subject to revision. Data is considered as final once published in the annual NSO publication– “Balance of Payments” which is usually published one year after the end of the reporting period. 3. Goods 3.1 Specific features of data collection • General Merchandise - The main source for merchandise trade data is the trade statistics
compiled by the trade section of the NSO from records received from the Customs department. Adjustments for coverage are subsequently made by the BOP compiler on both imports (which are reported by Customs on a c.i.f. basis) as well as exports. Thus, merchandise trade data are compiled on a f.o.b. basis.
• The adjustments that are made to the customs data are also based on information
obtained through the issue of ad hoc letters to various respondents. In addition, ship repair and shipbuilding carried out in Malta is also included.
• Repairs on Goods - Data on repairs of goods is collected from the quarterly survey of
private and public entities. It essentially includes information about income earned on aircraft repairs carried out locally, as well as expenditure on air and seacraft repairs carried out abroad.
• Goods procured in ports by carriers - Statistical data on goods sold in domestic ports to
non-resident carriers is derived from the trade statistics, whereas data on goods purchased by resident entities in foreign ports is derived from the quarterly survey of resident shipping and airline companies.
• Non-monetary gold - Data for non-monetary gold is derived from trade statistics. 3.2 Definition Goods data conforms with the definitions set out in IMF BPM5. Imports and exports are adjusted on a f.o.b. basis and merchandise trade statistics according to country of destination are also compiled. 3.3 Deviation There are no serious deviations from IMF BPM5 except for transactions related to ship-repair and shipbuilding which are included as part of general merchandise.
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3.4 Estimation methods Where shipment data (insurance and freight) is not available separately, the shipment content of the merchandise import c.i.f. value is taken as 10% (see sub-section 4.1 below). 4. Services 4.1 Specific features of data collection Transportation - Data for transportation services is subdivided into three identifiable categories, namely: passenger, freight and other transportation. Data on receipts and payments for passenger carriage is primarily retrieved from the quarterly b.o.p. enterprise survey carried out for both shipping and airline companies (including their representative agencies operating in Malta). Data on revenue from freight is derived from the same survey. However, for freight payments, where shipment data (insurance and freight) is not available separately, an estimate of 10 per cent of the value of imports (c.i.f.) is made. Of this estimate, 90 per cent is allocated to freight and the remainder to the insurance payments item (which is included in the Current Transfers Account). A statistical adjustment is made for freight on imports carried by domestic carriers. Other transportation services are obtained from the b.o.p quarterly enterprise survey together with specific data requests sent to the public authorities such as the Malta International Airport, Malta Air Traffic Services and the Malta Maritime Authority. Travel -Data on gross earnings from tourism and data on gross expenditures by residents travelling abroad are derived mainly from foreign currency transactions reported by banking institutions and other authorised dealers to the CBM on a monthly basis. During a joint exercise between the NSO and the CBM, carried out in 1989, it transpired that there was significant and persistent under-recording of tourism-related foreign exchange transactions reported through the local banks. Subsequently, foreign consultants1 carried out a study to identify the extent of the under-reporting. Consequently, an upward adjustment of 15 percent on gross travel receipts reported by the banks was recommended and is being implemented Other services - The primary source of data for other services is the quarterly and annual b.o.p. survey for non-financial enterprises. The data sources for government transactions are the Ministry of Finance and the CBM’s settlements based system. The latter is also the source of data for transactions carried out by the personal sector. The service transactions of the banking sector are obtained from their profit and loss statements. 4.2 Definition The reporting of services transactions conforms to the definitions and guidelines set out in IMF BPM5. 1 Howarth & Howarth (UK) Ltd and P.A. Cambridge Ltd (1989)
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4.3 Deviations There are no serious deviations from IMF BPM5 except for transactions in connection with financial services which are being classified under other services. 4.4 Estimation Methods Data from the annual ITS survey (international trade in services) for enterprises is used as a benchmark for the further breakdown of service transactions. Estimates for non-respondents are extrapolated from historical data. As mentioned above (under 4.1) gross travel receipts reported by the banks are inflated by 15 percent. 5. Current Transfers 5.1 Specific features of data collection The General Government - Data on official transfers, which are shown under this account, is obtained from the CBM’s monthly b.o.p statement based on the settlements system. Other sectors - Aggregated data on personal remittances, pensions and other transfers are obtained on a quarterly basis from the CBM. Also included under this classification are non-life insurance premiums and claims that are reported by private and public entities in a quarterly survey. Additional information is also obtained through specific data requests. 6. Income 6.1 Specific features of data collection and definitions 6.1.1 Compensation of Employees: Data is obtained from the enterprise survey and from data collected by the CBM in its monthly b.o.p. cash statement. 6.1.2 Income on direct investment There are two main sources of data on income from direct investment. The enterprise survey provides information on re-invested earnings, dividends and interest income. The investment income of credit and financial institutions is obtained from the banks’ profit and loss statements which are submitted to the CBM. Income is classified by type of financial instrument. A limited geographical classification -- EU or rest of the world – is also provided. Income on equity is recorded in accordance with IMF BPM5 recommendations. Re-invested earnings of enterprises are reported on a quarterly basis in the b.o.p. questionnaire and are based on transactions reported in their management accounts. The re-invested earnings of banking institutions are based on stock statistics and are derived from their balance sheets every quarter.
66
Additionally, an offsetting entry in the financial account under direct investment is recorded for all undistributed profits disclosed by the reporting entities. Also, income on inter-company debt is recorded as income on direct investment. The enterprise surveys indicate whether the income on loans is derived from a foreign parent company, a subsidiary or other non-resident sources. Income on debt securities between affiliates is recorded as income on direct investment. In order to qualify as an affiliate (and thus be recorded as income on direct investment) an enterprise should have a minimum of 10 per cent shareholding by another entity (see 8.2 below for detailed explanation). If any income on debt is not yet paid/received an offsetting entry is reported as receivables/payables under direct investment. 6.1.3 Income on portfolio investment There are two main sources of data on income on portfolio investment. The enterprise survey provides information on interest on bonds, notes and money market instruments as well as dividends on equity. The investment income of credit and financial institutions is obtained from the banking institutions’ profit and loss statements submitted to the CBM. The income on portfolio investment reported by banking institutions is classified according to the type of portfolio investment instrument. Information on the classification according to sector is also available. The geographical classification is limited to two regions, the EU and the rest of the world. The criterion applied in this regard, is the country of issuer. Income on equity and debt securities follows the definitions recommended in IMF BPM5 except for the interest accrued of the “Other” sectors. Dividends are obtained from the enterprise survey and the profit and loss statements of banking institutions. 6.1.4 Income on other investment There are three main sources for data on income on other investment. The non-financial enterprises provide information on interest income and expenditure through the b.o.p. enterprise survey which also includes information on income from trade credits. Income on other investment of the banking institutions is obtained from their profit and loss statements . The income of the personal sector is captured from the CBM’s monthly b.o.p statement based on the settlements system. The Ministry of Finance provides data on interest payments of the Government’s external debt. Income on the external reserve assets of the CBM is provided by the Bank’s Finance office and is recorded monthly on an accruals basis. 6.2 Definition The definitions of IMF BPM5 are followed except in the case of the interest accrued for other sectors 6.3 Deviations from agreed definitions The accruals principle is not followed for all sectors of the economy. Notwithstanding the definitions applied in the collection of information, investment income is presently being compiled without distinction being made between the types of investment.
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7. Capital Account 7.1 Specific features of data collection As from 1995, following the recommendations set out in the IMF BPM5, the data related to current and capital transfers was disaggregated. Hence, data on emigrants’ capital transfers, debt forgiveness as well as government grants are being included under the capital account. Data on government grants is provided by the Ministry of Finance; while other related data is obtained from the CBM. 7.2 Definition The definitions of IMF BPM5 are adhered to. 7.3 Deviations from agreed definitions. There are no deviations from agreed definitions. 8. Direct Investment 8.1 Specific features of data collection The enterprise survey is used to collect foreign direct investment (FDI) data from the corporate sector. The enterprise questionnaires are designed in such a way so as to identify all inter-company transactions, including loans and trade credits. Data relating to the banking institutions is obtained from their balance sheets submitted through the CBM. Information on the acquisition of property (real estate) in Malta by non-residents is provided by the Ministry of Finance. Acquisition of property by Maltese abroad is derived from exchange control forms submitted to the Capital Flows Section of the CBM. Direct investment abroad by households is captured through the CBM’s monthly b.o.p statement based on the settlements system and exchange control forms submitted to the Capital Flows Section of the CBM. . The business register for the largest companies in Malta has been constructed on the basis of detailed information obtained from the CBM’s monthly b.o.p statement based on the settlements system. In addition further information is obtained from the exchange control forms submitted to the Capital Flows Section of the CBM, historical data from the enterprise survey, trade data, annual reports of companies and newspaper clippings. 8.2 Definition The 10 per cent ownership criterion is used to distinguish between direct and portfolio investment. This guideline is applied to identify types of investment (that is direct or portfolio) relationships in the corporate sector. The enterprise survey is structured in such a way as to indicate the directional principle for the FDI relationship with the exception of trade credits and debits. Inter-company loans and trade credits/debits with related enterprises are included in FDI. For the banking sector, the direction of FDI is determined on a case by case basis by the BOP compiler. Special Purpose Entities (SPEs) are currently considered as non-residents and are included under other investment - currency and deposits.
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All transactions between affiliated companies are included under direct investment. Moreover, an offsetting entry for re-invested earnings is shown as part of income and included under FDI. As a general rule, direct investment transactions are recorded when the transactions occur. Geographical allocation of FDI is based on the country of residence of the parent, subsidiary or affiliate as the case may be. 8.3 Deviations from agreed definitions There are no serious deviations from the agreed definition except for trade credits/debits with subsidiaries which are being included under direct investment in Malta. Furthermore, the accruals principle for certain FDI instruments is not adhered to fully. Information on the switching of overseas assets between the FDI, PI (Portfolio Investment) and OI (Other Investment) categories by households is not available. 9. Portfolio Investment (PI) 9.1 Specific features of data collection Data on portfolio investment are collected on an aggregated basis. Surveys are used to collect PI data on the corporate sector. Data on the banking sector are obtained from the balance sheets of the banking institutions which are submitted to the CBM. Information on the PI transactions of households is obtained from exchange control forms submitted to the Capital Flows section of the CBM and supplemented by information obtained through the CBM’s monthly b.o.p. statements which are based on a settlements system. Domestic equity and debt securities purchased by non-residents on the Malta Stock Exchange are reported directly by the Stock Exchange. 9.2 Definition The compilation of PI transactions is generally in line with the IMF BPM5. However, the accruals principle applies only to PI instruments held by the banking sector. Equity securities, bonds and notes as well as money market instruments are included in the definition. Service charges, fees and commissions are recorded separately under services. 9.3 Deviations from agreed data The only deviation from the IMF BPM5 is the limited application of the accruals principle. Information on the switching of overseas assets between the FDI, PI and OI categories by households is not available. 10. Other Investment (OI) 10.1 Specific features of data collection The enterprise survey is used to record the OI transactions of enterprises. Data on the banking sector is derived from their balance sheets submitted to the CBM. The household sector is captured through the settlement system and exchange control forms submitted to the Capital Flows section of the CBM. Trade credits are reported in the quarterly b.o.p. enterprise survey. Other related information is obtained from the balance sheets of the banking institutions.
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10.2 Definitions OI transactions are generally recorded in line with IMF BPM5 but the accruals principle is not applied except in the case of banking sector transactions. Transactions related to repurchase agreements and trade credits are included under OI. 10.3 Deviations from agreed data See 10.2 above. 11 Reserve Assets 11.1 Specific features of data collection The Finance Office of the CBM is the source for data on reserve assets. Reserve assets are available by instrument. Changes in reserve assets are compiled on a quarterly basis and these are offset against any unrealised gains/losses. Reserve assets are compiled in accordance with the gross concept. The amortisation of discount and premium securities includes offsetting entries for accruals. Instruments other than these types do not include such offsetting entries for accruals when required. No reversible gold transactions are carried out. The CBM transacts in financial derivatives but these are not shown separately. 11.2 Definitions The definition of reserve assets is in line with IMF BPM5. Reserve assets are under the effective control of the CBM. The external assets position of the central government and/or the Ministry of Finance which is held with the monetary authorities is included in the CBM’s reserve assets. Reserve assets include highly liquid claims on non-residents in foreign currency. Positions in local currency are excluded. Other reserve assets include gold, SDRs (Special Drawing Rights) and Reserve Positions in the IMF. 11.3 Deviations from agreed data See sub section 11.2 12. International Investment Position 12.1 Specific features of data collection and definitions 12.1.1 General The i.i.p. is compiled annually to show the position at the end of the calendar year ( of the reporting period). However, not all financial account items for each sector are compiled. The following is a breakdown by sector of the financial account items which are compiled:
70
• Banking sector - compiled for all financial account items except for financial derivatives. • Non- financial enterprises (including public companies) – based on the top 700
companies - is compiled for all financial account items except for financial derivatives. • Households – the only information available with regard to households is the amount of
borrowing/lending with non-residents. • Central Government - all financial account items are available with the exception of trade
credits and debits. • Reserve assets are included. 12.1.2 Direct Investment (DI) The i.i.p. of the banking sector is compiled by instrument. The main sources of data collection are the banking schedules submitted to Banking Supervision. There are no significant deviations from the definitions contained in the 5th BoP Manual of the International Monetary Fund (IMF BPM5). The valuation criteria used for equity securities are market values but book values are used for the equity of those banks which are not listed on the Malta Stock Exchange (MSE). However, all other direct investment instruments such as inter-company loans are recorded at the end of period exchange rates. A reconciliation exercise is carried out taking into account the actual price movements in the equity of listed banks. The banks report a total revaluation amount due to exchange rate movements for all the financial accounts. An estimate is then made to allocate this amount to the different financial accounts and the various financial instruments. The direct investment stock of the non-financial enterprises (including public companies) is compiled by instrument. Data is compiled from the quarterly BoP enterprise survey submitted to the NSO. The stock of long-term financial instruments with the exception of loans from abroad is derived from accumulated flows. Short-term instruments are compiled from real stock positions. Equity securities are valued at book value but all other direct investment instruments are recorded on the basis of market value. A reconciliation exercise is carried out for the loans of the public entities. The Government Sector has no direct investment abroad and no data is available for the household sector. 12.1.3 Portfolio Investment (PI) The PI stock of the banking sector is compiled by instrument. No maturity breakdown is available. As in the case of FDI stock, the PI position is available from the banking returns submitted to Banking Supervision. Trading securities are valued at the lower of book value or market value but investment securities are based on book value. As already indicated for FDI stocks, an estimate to apportion the total revaluation amount is made.
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The PI stock position of the non-financial enterprises (including public companies) is compiled by instrument. No maturity breakdown is available. Data for this sector is compiled from the quarterly BoP enterprise survey submitted to NSO. The initial PI stock position is compiled in accordance with IMF BPM5. However, subsequent stock data is based on accumulated flows. No reconciliation exercise is carried out for PI. The Government Sector is made available by instrument but there is no maturity breakdown. Real stock positions are collected using the government’s Annual Financial Report and from quarterly data requests to the Malta Stock Exchange (MSE) on government securities held by non-residents. Market valuation criteria are used and the compilation of the government’s PI position is in line with the definitions of IMF BPM5. A reconciliation exercise is carried out taking price changes into consideration. No data is available for the household sector. 12.1.4 Financial derivatives Data on financial derivatives is not shown separately. 12.1.5 Other Investment (OI) The OI stock of the banking sector is compiled by instrument. No maturity breakdown is available. As in the case of FDI and PI stocks, the OI position is available from the banking returns submitted to Banking Supervision. Market valuation criteria are used. As already indicated for FDI and PI stocks, an estimate to apportion the total revaluation amount is made. The OI stock position of the non-financial enterprises (including public companies) is compiled by instrument. No maturity breakdown is available. Data for this sector is compiled from the quarterly BoP enterprise survey submitted to NSO. The stock of long-term financial instruments with the exception of loans from abroad of public enterprises is derived from accumulated flows. However, short-term assets and liabilities are compiled from real stock positions A reconciliation exercise is carried out for the loans of the public sector enterprises. The Government Sector is compiled by instrument with the exception of trade credits and debits which are not available. Data for loans is available but there are no maturity classifications. Data on OI is compiled from specific data requests sent to the Ministry of Finance and information provided by the Statistics office of the CBM. Market valuation criteria are used and a reconciliation exercise is carried out taking exchange rate movements into consideration. The only data available for the household sector are loans from non-residents. These are compiled on a quarterly basis and based on exchange control forms submitted to the Capital Flows Section at CBM. 12.1.6 Reserve assets The source for this data is the Finance office of the CBM. A reconciliation is made for price and exchange rate movements. 12.2 Intended harmonisation A proposed DR (direct reporting) data collection system is due to be implemented whereby the different sectors would report a full i.i.p. including a reconciliation for price and exchange rate movements.
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