According to the National Statistics Office, during the first quarter of 2016, Malta registered a current account surplus of €39.9 million.

Provisional figures for Malta’s external transactions during the first quarter show a decrease of €68.1 million over the same quarter of the previous year. This resulted mainly from decreases in the goods account as well as in the primary income account. Increases in the services and secondary income accounts mitigated these decreases.

The capital account registered an increase of €7.4 million during the first quarter of 2016, a decrease of €116.4 million when compared with the corresponding quarter a year before. This is mainly due to the timing of EU funds received from abroad.

Net asset transactions in the financial account during the same quarter registered an increase of €17.9 million, a decrease of €144.6 million when compared to the same period in 2015.

Decreases in net direct investment of €2,234.6 million during the quarter were mitigated by increases in portfolio investment and other investment. As a result of these transactions, reserve assets registered an increase of €64.6 million during the period under review.

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