Malaysia’s current account surplus fell sharply to MYR 7.56 billion in the second quarter of 2020 from MYR 14.34 billion in the same period of the previous year. This was the smallest current account surplus since the third quarter of 2018, as the goods surplus dropped to MYR 25.91 billion from MYR 28.29 billion a year ago, while the services gap widened sharply to MYR 12.47 billion from MYR 3.43 billion. Meantime, the deficit of primary income narrowed to MYR 3.95 billion from MYR 5.86 billion in the prior year, and that of secondary income fell noticeably to MYR 1.93 billion from MYR 4.66 billion.
Current Account in Malaysia averaged 14941.23 MYR Million from 1999 until 2020, reaching an all time high of 39982 MYR Million in the third quarter of 2008 and a record low of 978 MYR Million in the second quarter of 2013. This page provides - Malaysia Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Current Account - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Department of Statistics, Malaysia
Current Account in Malaysia is expected to be 6500.00 MYR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Malaysia to stand at 9800.00 in 12 months time. In the long-term, the Malaysia Current Account is projected to trend around 10500.00 MYR Million in 2021 and 11000.00 MYR Million in 2022, according to our econometric models.