Current Account in Malaysia

Malaysia Current Account | Economic News & Forecasts

Malaysia - Current Account

Recent economic data has been largely underwhelming, even though retail sales continued growing at a robust pace in October and November as consumers benefited from low inflation. Export growth came to a virtual standstill in November on a sharp contraction in shipments of palm oil and palm oil-based products, offsetting a jump in foreign demand for refined petroleum products. Meanwhile, import growth eased on softer demand for consumption goods. Furthermore, output in the manufacturing sector weakened in November, which lead industrial production growth to soften, while in December operating conditions in the manufacturing sector worsened at the sharpest pace since the PMI survey began over six years ago. Taken together, this suggests that the manufacturing sector ended the year on a weak footing. On the political front, the government introduced measures at the start of the year, including cash handouts and free health insurance, in an effort to support low-income earners and reduce income inequality.

Malaysia - Current Account Data

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

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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 Yield3.970.15 %Feb 14
Exchange Rate4.080.0 %Feb 14
Stock Market1,689-0.29 %Feb 14

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