22.8% share of Malta’s value added by foreign-controlled enterprises in the nonfinancial business economy – Eurostat

There was a 22.8% share of value added by foreign-controlled enterprises in the non-financial business economy in Malta in 2016, statistics published by Eurostat – the European Union’s statistics body – show.

This puts Malta on the lower end of the spectrum in terms of the share of value added, with the EU average being that of 25%.

The countries with the highest shares of value added by foreigncontrolled enterprises in 2016 were Hungary (51.4%), Slovakia (48.1%) and Luxembourg (44.6%). In contrast, four EU Member States had shares under 20%: Cyprus (13.4%), Italy (15.8%), Greece (16.3%) and France (16.4%). Spain and Denmark also have a lower share of value added when compared to Malta.

Statistics on the structure and activity of foreign affiliates provide information that can be used to assess the impact of foreigncontrolled enterprises on the European economy. A foreign affiliate is defined by Eurostat as an enterprise resident in a country which is under the control of an institutional unit not resident in the same country.

In 2016, 1.2% of enterprises in the European Union (EU) were foreign-controlled. They accounted for 15.3 % of EU employment and 25.0% of the value added in the non-financial business economy. Between 2010 and 2016, the share of value added by foreign-controlled enterprises in the EU rose by 2.3 percentage points, Eurostat said.