Current Account in Malaysia

Malaysia Current Account | Economic News & Forecasts

Malaysia - Current Account

The economy appears to have slowed in the third quarter as Malaysia remains in the crosshairs of the U.S.-China trade war. Although the manufacturing PMI showed signs of revival in September, the quarterly average was nevertheless down from that of Q2. Industrial production data echoed growing weaknesses, with output remaining lackluster in August, after hitting a five-year low in July. Moreover, a fragile tech sector continues to dampen foreign demand, as evidenced by August’s sharp decline in electronic exports, which account for more than a third of all foreign sales. Meanwhile, merchandise imports slumped to a one-decade low in the same month on a plunge in capital goods imports, suggesting investment remained suppressed in Q3. On a brighter note, on 11 October the government unveiled the 2020 national budget, which slows the pace of fiscal consolidation, albeit less than expected, while presenting policies to buffer against a sharper downturn.

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 Yield3.300.15 %Sep 04
Exchange Rate4.210.0 %Sep 04
Stock Market1,600-0.29 %Sep 04

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