Malaysia’s current account surplus widened to MYR 14.26 billion in the second quarter of 2019 from MYR 2.80 billion in the same period the preceding year, as the goods surplus increased to MYR 28.10 billion from MYR 25.92 billion. In addition, the services deficit narrowed to MYR 3.44 billion from MYR 5.57 billion a year ago and the primary income gap decreased to MYR 5.54 billion from MYR 12.75 billion. The secondary income gap was little-changed at MYR 4.87 billion. Current Account in Malaysia averaged 15194.23 MYR Million from 1999 until 2019, 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.
Current Account in Malaysia is expected to be 4500.00 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 5500.00 in 12 months time. In the long-term, the Malaysia Current Account is projected to trend around 9100.00 MYR Million in 2020, according to our econometric models.