Malaysia’s current account surplus dropped to MYR 4.28 billion in Q1 of 2023 from MYR 5.72 billion in the same period of the previous year. This was the smallest amount since Q2 of 2022, as the surplus of goods account fell to MYR 39.88 billion from MYR 44.17 billion in the prior year. Meanwhile, the shortfall of secondary income jumped to MYR 5.96 billion from MYR 2.92 billion. At the same time, the gap of services account narrowed to MYR 12.83 billion from MYR 18.26 billion a year earlier, and that of primary income edged lower to MYR 16.91 billion from MYR 17.28 billion. In 2022, the current account surplus was at MYR 47.20 billion, down from a gain of MYR 58.7 billion in the prior year. source: Department of Statistics, Malaysia

Current Account in Malaysia averaged 14911.30 MYR Million from 1999 until 2023, reaching an all time high of 39982.00 MYR Million in the third quarter of 2008 and a record low of 978.00 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 June of 2023.

Current Account in Malaysia is expected to be 20000.00 MYR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malaysia Current Account is projected to trend around 12100.00 MYR Million in 2024 and 10700.00 MYR Million in 2025, according to our econometric models.

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Malaysia Current Account



Calendar GMT Actual Previous Consensus TEForecast
2023-02-10 04:00 AM Q4 MYR25.7B MYR14.1B MYR 14.5B
2023-05-12 04:00 AM Q1 MYR4.3B MYR27.5B MYR22.0B
2023-08-11 04:00 AM Q2 MYR20.0B


Related Last Previous Unit Reference
Balance of Trade 12848.43 26688.46 MYR Million Apr 2023
Current Account 4281.00 27510.00 MYR Million Mar 2023
Current Account to GDP 2.60 3.80 percent of GDP Dec 2022
Exports 105424.00 129668.00 MYR Million Apr 2023
Imports 92575.00 102980.00 MYR Million Apr 2023
Terms of Trade 110.70 110.30 points Apr 2023
Foreign Direct Investment 12000.00 19272.39 MYR Million Mar 2023
Capital Flows -2398.00 -1060.00 MYR Million Mar 2023

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).
Actual Previous Highest Lowest Dates Unit Frequency
4281.00 27510.00 39982.00 978.00 1999 - 2023 MYR Million Quarterly

News Stream
Malaysia Q1 Current Account Surplus Smallest in 3 Quarters
Malaysia’s current account surplus dropped to MYR 4.28 billion in Q1 of 2023 from MYR 5.72 billion in the same period of the previous year. This was the smallest amount since Q2 of 2022, as the surplus of goods account fell to MYR 39.88 billion from MYR 44.17 billion in the prior year. Meanwhile, the shortfall of secondary income jumped to MYR 5.96 billion from MYR 2.92 billion. At the same time, the gap of services account narrowed to MYR 12.83 billion from MYR 18.26 billion a year earlier, and that of primary income edged lower to MYR 16.91 billion from MYR 17.28 billion. In 2022, the current account surplus was at MYR 47.20 billion, down from a gain of MYR 58.7 billion in the prior year.
2023-05-12
Malaysia Q4 Current Account Surplus Largest in 9 Quarters
Malaysia’s current account surplus surged to MYR 25.70 billion in Q4 of 2022 from MYR 15.33 billion in the same period of the previous year. This was the largest amount since Q3 2020, with the surplus of goods account standing at MYR 51.74 billion, little changed from a surplus of MYR 51.76 billion in the prior year. Meanwhile, the gap of services account narrowed sharply to MYR 8.56 billion from MYR 15.43 billion, and that of primary income fell considerably to MYR 11.51 billion from MYR 19.64 billion. At the same time, the shortfall of secondary income jumped to MYR 6.00 billion from MYR 1.36 billion a year earlier. For full year, the current account surplus was at MYR 47.20 billion, down from a gain of MYR 58.7 billion in 2021.
2023-02-10
Malaysia Current Account Surplus Narrows in Q3
Malaysia’s current account surplus narrowed to MYR 14.14 billion in Q3 of 2022 from MYR 18.21 billion in the same period of the previous year, as the deficit of primary income surged to MYR 17.17 billion from MYR 4.84 billion in the prior year with investment income gap sharply widening. On the other hand, the surplus of goods account edged up to MYR 42.97 billion from MYR 41.64 billion. Meanwhile, the gap of services account narrowed to MYR 9.61 billion from MYR 15.28 billion, supported by gains in the manufacturing, travel, construction, and financial services sectors; also, the shortfall of secondary income dropped to MYR 2.06 billion from MYR 3.13 billion.
2022-11-11