Current Account in Malaysia

Malaysia Current Account | Economic News & Forecasts

Malaysia - Current Account

The economy contracted in the third quarter, swinging from the prior quarter’s expansion, as the reinstatement of tight Covid-19 restrictions dampened household and capital spending and led to output disruptions, which weighed on exports. Turning to Q4, the economy has likely returned to growth, largely on an improving health situation and a rapid acceleration in the vaccination rate, which has allowed for the easing of restrictions. In other news, on 29 October the government presented its draft 2022 budget, which sees record-high spending of MYR 332.1 billion (around USD 80.7 billion), marking a 3.6% increase from this year’s budget. The draft bill, which rests on a 5.5%–6.5% GDP growth estimate and a 6.0% fiscal deficit forecast, emphasizes social spending, business resilience and sustainable growth, and highlights that the post-pandemic recovery is the government’s priority.

Malaysia - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)3.0  2.4  2.8  2.2  3.4  

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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

Value Change Date
Bond Yield3.320.15 %Dec 31
Exchange Rate4.090.0 %Jan 01

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