Current Account in Malaysia

Malaysia Current Account | Economic News & Forecasts

Malaysia - Current Account

The economy accelerated in the second quarter, largely thanks to an improvement in net exports of goods and services. While exports of goods and services broadly stagnated, imports contracted at a sharper pace in Q2. Moreover, private consumption was healthy, despite softer credit growth and retail sales data in the quarter, while gross fixed capital formation contracted less sharply thanks to the resumption of spending on a controversial Chinese railway linked to the Belt and Road initiative. However, government consumption growth tapered notably, likely as the government looked to prop up public finances. Turning to the third quarter, the economy seems set to lose some steam, with the manufacturing PMI inching lower in July on weak demand and lower employment. That said, a looser monetary stance from the Central Bank should support domestic demand.

Malaysia - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)3.5  4.4  3.0  2.4  2.8  

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Malaysia Current Account Chart


Malaysia Current Account
Note: Current account balance as % of GDP.
Source: Department of Statistics Malaysia and FocusEconomics calculations.

Malaysia Facts

ValueChangeDate
Bond Yield3.600.15 %Jul 31
Exchange Rate4.130.0 %Jul 31
Stock Market1,635-0.29 %Jul 31

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