Current Account in Malaysia
Malaysia - Current AccountGDP growth accelerated in Q1 amid a broad-based improvement. Turning to this quarter, the government’s Endemic Phase strategy to live alongside the virus should be buttressing overall activity. In April, the unemployment rate reached its lowest level since the outbreak of the Covid-19 pandemic, which should have supported private spending. Similarly, the manufacturing PMI averaged higher in April–May compared to the previous quarter. On the external front, the country is expected to benefit from currently-elevated prices for its main exports: palm oil, rubber and natural gas. Meanwhile, on 1 June, Prime Minister Ismail Sabri Yaakob announced a ban on chicken exports in an effort to control rising price pressures. Although the ban has since eased to a selection of chicken products, the ongoing restrictions are likely to impact trade.
Malaysia - Current Account Data
|Current Account (% of GDP)||3.0||2.4||2.8||2.2||3.4|
5 years of economic forecasts for more than 30 economic indicators.
Malaysia Current Account Chart
Source: Department of Statistics Malaysia and FocusEconomics calculations.
|Bond Yield||3.32||0.15 %||Dec 31|
|Exchange Rate||4.09||0.0 %||Jan 01|
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August 9, 2022
Industrial output grew 12.1% compared to the same month a year earlier in June, which was above May's 4.1% increase.
July 28, 2022
Merchandise exports soared 30.4% on an annual basis in June, following May’s 22.9% upturn.
July 22, 2022
Consumer prices rose a seasonally-adjusted 0.63% in June over the previous month, accelerating from May's 0.56% increase.
July 8, 2022
Industrial output grew 4.1% in year-on-year terms in May, which followed April’s 4.6% increase.
July 6, 2022
At its meeting on 5–6 July, the Monetary Policy Committee of Bank Negara Malaysia (BNM) voted to raise the overnight policy rate for the second consecutive time by 25 basis points, bringing it to 2.25%.