Malaysia’s current account surplus soared to MYR 19.0 billion in the fourth quarter of 2020 from MYR 7.5 billion in the same period of the previous year, as the surplus of goods account rose sharply to MYR 42.86 billion from MYR 32.28 billion a year ago. At the same time, the deficit of primary income narrowed to MYR 7.12 billion from MYR 15.24 billion and that of secondary income fell to MYR 2.53 billion from MYR 5.53 billion. Meanwhile, the services account gap surged to MYR 14.25 billion from MYR 4.0 billion. For full 2020, the country's current account surplus was at MYR 62.1 billion, the largest in nine years. source: Department of Statistics, Malaysia
Current Account in Malaysia averaged 15113.70 MYR Million from 1999 until 2020, reaching an all time high of 39982 MYR Million in the third quarter of 2008 and a record low of 978 MYR Million in the second quarter of 2013. This page provides - Malaysia Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Current Account - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Current Account in Malaysia is expected to be 9300.00 MYR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Malaysia to stand at 10500.00 in 12 months time. In the long-term, the Malaysia Current Account is projected to trend around 11000.00 MYR Million in 2022, according to our econometric models.