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.