Current Account in Malaysia

Malaysia Current Account | Economic News & Forecasts

Malaysia - Current Account

The economy expanded at the slowest pace in over a decade in the first quarter, as the country reeled from the Covid-19 fallout. Sharp contractions in exports and fixed investment prompted the deceleration, amid lower Chinese demand and capital outflows. Only resilient household spending growth and a jump in government consumption spared the economy a downturn in Q1. Turning to the second quarter, GDP is set to shrink as lockdown measures hammer consumption, while bleaker economic conditions abroad weigh on trade and investment. A record drop in the manufacturing PMI in April provided a glimpse of the scale of deterioration, as companies cut output at an unprecedented rate amid plummeting demand. In politics, on 18 May, Prime Minister Muhyiddin Yassin managed to postpone a confidence vote until, most likely, July, averting a political crisis amid dwindling parliamentary support for his administration.

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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