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Malaysia Current AccountMalaysia reported a current account surplus equivalent to 30449.0 Million MYR in March of 2010. International trade plays a large role in Malaysian economy. Malaysia is one of the top exporters of natural rubber, palm oil, sawn logs, sawn timber, cocoa, pepper, pineapple and tobacco. The country mainly imports: electronics, machinery, petroleum products, plastics, vehicles, iron and steel products and chemicals. Malaysia’s main trading partners are: The United States, European Union, Singapore, Japan and China. This page includes: Malaysia Current Account chart, historical data and news.
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Global Economics
New Zealand Raises Benchmark Rate
Published: 7/28/2010 6:34:14 PM
By: TradingEconomics.com, RBNZ
New Zealand’s central bank raised its benchmark interest rate for a second month to control inflation, and said the pace of future increases is likely to be slower than previously indicated.
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Australia Inflation Cools
Published: 7/28/2010 11:40:49 AM
By: TradingEconomics.com, Bloomberg
Australian consumer prices rose by much less than expected last quarter while core inflation slowed to its lowest in over three years, all but ruling out the need for an interest rate rise next week and possibly for the rest of the year.
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US Consumer Confidence Falls in July
Published: 7/27/2010 10:18:30 AM
By: TradingEconomics.com, Bloomberg
Confidence among U.S. consumers declined in July to a five-month low, a sign the lack of jobs will limit the economy’s recovery.
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Japan Export Growth Slows
Published: 7/26/2010 1:27:36 PM
By: TradingEconomics.com, Reuters
Japanese exports rose more than expected in June from a year earlier but the pace of increase slowed for the fourth straight month, a sign the economic recovery may lose steam on moderating overseas demand.
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Canada June Inflation Rate Slows to 1%
Published: 7/23/2010 10:11:52 AM
By: TradingEconomics.com, Bloomberg
Canada’s annual inflation rate slowed in June as gasoline prices fell for the first time since October 2009 while the costs of home upkeep and car insurance advanced.
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U.K. Economy Grows 1.1% in Q2
Published: 7/23/2010 10:08:48 AM
By: TradingEconomics.com, AP
Britain's economy grew by 1.1 percent in the second quarter, the Office for National Statistics said, surprising markets that had expected more modest expansion.
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Canada Raises Key Rate to 0.75%
Published: 7/20/2010 11:04:44 AM
By: TradingEconomics.com, Bank of Canada
The Bank of Canada raised its benchmark lending rate for a second month, and said that slower economic growth through next year means any future moves will be “weighed carefully.”
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US Consumer Prices Dip for Third Month
Published: 7/18/2010 9:02:14 PM
By: TradingEconomics.com, AFP
American consumers saw prices fall for the third consecutive month in June on the back of lower gasoline costs, the government said Thursday amid concerns over deflation.
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Bank Of Japan Predicts Growth to Slow in 2011, Keeps 0.1% Rate
Published: 7/15/2010 10:09:56 AM
By: TradingEconomics.com, Bank of Japan
The Bank of Japan kept interest rates unchanged and predicted growth in the world’s second- largest economy will slow next year as fiscal stimulus evaporates worldwide and overseas demand loses steam.
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China Economy Cools in Second Quarter
Published: 7/15/2010 9:58:48 AM
By: TradingEconomics.com, Reuters
China's economy cooled in the second quarter, a slowdown that is likely to extend over the rest of the year as Beijing steers monetary and fiscal policy back to normal after a record credit surge to counter the global crisis.
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Current Account Definition
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). The balance of trade is typically the most important part of the current account. This means that changes in the patterns of trade are key drivers in the current accounts of most of the world's economies. However, for the few countries with substantial overseas assets or liabilities, net factor payments may be significant.
Positive net sales to abroad generally contributes to a current account surplus; negative net sales to abroad generally contributes to a current account deficit. Because exports generate positive net sales, and because the trade balance is typically the largest component of the current account, a current account surplus is usually associated with positive net exports.
The net factor income or income account, a sub-account of the current account, is usually presented under the headings income payments as outflows, and income receipts as inflows. Income refers not only to the money received from investments made abroad (note: investments are recorded in the capital account but income from investments is recorded in the current account) but also to the money sent by individuals working abroad, known as remittances, to their families back home. If the income account is negative, the country is paying more than it is taking in interest, dividends, etc. For example, the United States' net income has been declining exponentially since it has allowed the dollar's price relative to other currencies to be determined by the market to a point where income payments and receipts are roughly equal
of trade forms part of the current account, which also includes other transactions such as income from the international investment position as well as international aid. If the current account is in surplus, the country's net international asset position increases correspondingly. Equally, a deficit decreases the net international asset position.
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