Malaysia’s current account surplus narrowed sharply to MYR 3.8 billion in the third quarter of 2018 from MYR 12.8 billion in the same period of the previous year. It was the smallest current account surplus since the second quarter of 2016, as the goods surplus declined to MYR 26.6 billion from MYR 31.7 billion a year ago and the primary income deficit increased to MYR 15.0 billion from MYR 9.6 billion. Meantime, the services account gap fell to MYR 3.3 billion from MYR 4.8 billion a year earlier, while the secondary income deficit was little-changed at MYR 4.5 billion. Current Account in Malaysia averaged 15308.15 MYR Million from 1999 until 2018, 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.
Current Account in Malaysia is expected to be 12100.00 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 11500.00 in 12 months time. In the long-term, the Malaysia Current Account is projected to trend around 13200.00 MYR Million in 2020, according to our econometric models.