Malaysia’s current account surplus narrowed to MYR 7.64 billlion in the fourth quarter of 2019 from MYR 10.84 billion in the same period of the previous year. The goods deficit was little-changed at MYR 32.81 billion, compared to MYR 32.73 billion a year ago, while the services gap widened to MYR 3.95 billion from MYR 3.76 billion. In addition, the primary income deficit rose to MYR 15.68 billion from MYR 12.92 billion a year earlier and the secondary income gap increased to MYR 5.53 billion from MYR 5.22 billion. Considering 2019 full year, the current account surplus widened to MYR 49.74 billion, the largest since 2012.
Current Account in Malaysia averaged 15059.79 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. This page provides - Malaysia Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Department of Statistics, Malaysia
Current Account in Malaysia is expected to be 12500.00 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 9500.00 in 12 months time. In the long-term, the Malaysia Current Account is projected to trend around 9100.00 MYR Million in 2021, according to our econometric models.