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.
Current Account in Malaysia averaged 15027.65 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 July of 2020. source: Department of Statistics, Malaysia
Current Account in Malaysia is expected to be -3500.00 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 9950.00 MYR Million in 2021 and 10000.00 MYR Million in 2022, according to our econometric models.