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.

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Malaysia Current Account

Actual Previous Highest Lowest Dates Unit Frequency
7556.00 9500.00 39982.00 978.00 1999 - 2020 MYR Million Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-11-15 04:00 AM Q3 MYR11.5B MYR14.3B MYR4.5B
2020-02-12 04:00 AM Q4 MYR7.6B MYR11.5B MYR 9.8B
2020-05-13 04:00 AM Q1 MYR9.5B MYR7.6B MYR 12.5B
2020-08-14 04:00 AM Q2 MYR7.56B MYR9.5B MYR -3.5B
2020-11-13 04:00 AM Q3 MYR7.56B MYR 6.5B


News Stream
Malaysia Q2 Current Account Surplus Narrows Sharply
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.
2020-08-14
Malaysia Q1 Current Account Narrows Sharply
Malaysia’s current account surplus fell sharply to MYR 9.50 billion in the first quarter of 2020 from MYR 16.92 billion in the same period of the previous year. The goods surplus dropped to MYR 28.87 billion from MYR 33.40 billion a year ago, while the services gap widened to MYR 7.95 billion from MYR 1.67 billion. Meantime, the deficit of primary income narrowed to MYR 5.99 billion from MYR 9.23 billion in the prior year, and that of secondary income fell slightly to MYR 5.42 billion from MYR 5.58 billion.
2020-05-13
Malaysia Current Account Surplus Smallest in a Year
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.
2020-02-12
Malaysia Q3 Current Account Surplus Soars
Malaysia’s current account surplus surged to MYR 11.45 billion in the third quarter of 2019 from MYR 7.78 billion in the same period the preceding year. The goods account surplus increased to MYR 30.77 billion from MYR 26.37 billion a year ago, amid sustained demand from key trade parteners. In addition, the deficit of services account narrowed to MYR 1.63 billion from MYR 2.89 billion on the back of higher travel account surpluses. Also, the primary income gap narrowed to MYR 12.17 billion from MYR 15.52 billion. Meanwhile, the secondary income gap widened to MYR 5.52 billion from MYR 4.63 billion.
2019-11-15

Malaysia Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).