VALLETTA, April 1 (Xinhua) -- The Maltese economy recorded a net international investment position (IIP) of 18.4 billion euros (19.9 billion U.S. dollars) at the end of 2024, a decrease of 0.7 billion euros compared to the previous year, according to official data published by Malta's National Statistics Office on Tuesday.

The office explained that when compared to the figures recorded at the end of 2023, total foreign assets increased by 37.7 billion euros in 2024, while total foreign liabilities increased by 38.5 billion euros in 2024. This shortfall resulted in an overall decrease in the net IIP of 0.7 billion euros.

The increase in Malta's foreign assets was driven mainly by a 26.9-billion-euro rise in direct investment.

The figures showed that Malta's total external assets reached 697.1 billion euros in 2024, with direct investment comprising 80.5 percent of the total, followed by other investments amounting to 12.2 percent.

The level of Malta's external liabilities reached 678.7 billion euros during 2024. Direct investment accounted for 86.6 percent of total foreign liabilities. (1 euro = 1.08 U.S. dollar) Enditem

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