Malaysia’s current account surplus soared to MYR 26.1 billion in the third quarter of 2020 from MYR 12.10 billion in the same period of the previous year. This was the largest current account surplus since the September quarter of 2011, as the goods surplus jumped to MYR 41.49 billion from MYR 29.37 billion a year ago. Also, the secondary income posted a surplus of MYR 7.09 billion, reversing from a shortfall of MYR MYR 5.53 billion. At the same time, the deficit of primary income narrowed to MYR 9.16 billion from MYR 9.94 billion the prior year. Meanwhile, the services account gap widened sharply to MYR 13.32 billion from MYR 1.82 billion. source: Department of Statistics, Malaysia
Current Account in Malaysia averaged 15069.49 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 January of 2021.
Current Account in Malaysia is expected to be 8800.00 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 10350.00 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.