7 DIRECT INVESTMENT
for periods indicated
in million U.S. dollars
	2023 p													Q1	Q2	Q3		Q4			Growth (%)		Jan-Dec			Growth (%)
	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec						2022 r	2023 p		2023 p		2022 r	2023 p		2023 p
Direct Investment	-249	-682	126	-581	-519	-290	-555	-383	-410	-574	-654	-188		-805	-1,390	-1,348		-1,517	-1,416		6.7		-5,631	-4,959		11.9
Net Acquisition of Financial Assets	228	373	683	300	-15	251	219	558	171	96	402	639		1,285	537	948		1,021	1,136		11.3		3,861	3,905		1.1
Equity and investment fund shares	21	29	205	32	22	95	26	106	34	36	39	108		255	149	166		196	184		-6.4		438	754		72.2
Equity other than reinvestment of earnings	24	34	236	37	29	97	25	124	41	45	48	125		295	163	190		254	218		-14.3		563	866		53.9
Direct investor in direct investment
enterprises	24	34	236	37	29	97	25	124	41	45	48	125		295	163	190		254	218		-14.3		563	866		53.9
Placements	29	39	241	42	50	100	31	134	51	69	66	132		309	192	217		313	268		-14.6		748	986		31.8
Withdrawals	5	5	5	5	21	3	6	10	10	24	18	7		14	29	26		59	50		-15.8		185	120		-35.3
Reinvestment of earnings	-4	-5	-31	-5	-6	-2	.	-17	-7	-9	-9	-17		-40	-13	-24		-58	-34		41.0		-125	-112		10.5
Debt instruments	208	344	478	269	-37	156	193	452	137	59	363	531		1,030	387	782		825	953		15.5		3,423	3,151		-8.0
Direct investor in direct investment
enterprises	159	81	53	24	-85	20	8	31	24	17	13	31		292	-40	63		-11	60		667.2		101	375		270.2
Direct investment enterprises in
direct investor	49	264	425	244	48	135	185	421	112	43	350	500		737	427	719		835	893		6.9		3,322	2,776		-16.4
Net Incurrence of Liabilities	478	1,055	557	881	504	541	774	941	581	670	1,056	826		2,090	1,927	2,296		2,537	2,552		0.6		9,492	8,864		-6.6
Equity and investment fund shares	178	143	166	216	336	251	184	276	164	158	159	299		487	802	625		1,027	616		-40.0		3,243	2,530		-22.0
Equity other than reinvestment of earnings	93	74	94	132	235	111	65	36	83	74	85	208		261	478	185		769	368		-52.2		1,957	1,291		-34.0
Direct investor in direct investment
enterprises	93	74	94	132	235	111	65	36	83	74	85	208		261	478	185		769	368		-52.2		1,957	1,291		-34.0
Placements	149	113	115	158	257	132	81	217	177	101	115	224		377	547	475		820	440		-46.3		2,206	1,838		-16.7
Withdrawals	56	38	21	27	22	21	16	181	93	27	29	16		115	69	290		51	72		41.9		249	547		119.8
Reinvestment of earnings	85	69	72	84	101	140	120	240	81	84	74	91		226	324	440		258	249		-3.4		1,286	1,239		-3.6
Debt instruments	300	912	391	665	169	290	589	665	417	511	897	527		1,603	1,124	1,671		1,511	1,936		28.1		6,250	6,334		1.3
Direct investor in direct investment
enterprises	457	809	398	658	167	306	595	675	447	501	909	533		1,664	1,132	1,716		1,436	1,944		35.4		6,019	6,456		7.3
Direct investment enterprises in
direct investor	-157	103	-7	7	1	-16	-6	-10	-30	10	-12	-6		-61	-8	-45		75	-8		-110.5		231	-122		-152.9
Details may not add up to total due to rounding.
p Preliminary
r Revised to reflect data updates from the results of the 2022 CDIS on reinvested earnings, MLT Foreign Loan Transactions Report, BSP Registered Inward Foreign Direct Investments (FDI) Report and other official data sources, and post-audit adjustments
. Rounds off to zero