|
|
Malaysia Current AccountMalaysia reported a current account surplus equivalent to 26.6 Billion MYR in the third quarter of 2011. 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.
About Current Account
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.
|
Global News
Japan’s Trade Deficit Widens in January
Published: 2/20/2012 10:53:57 AM
By: TradingEconomics.com, Ministry of Finance Japan
Japan’s trade deficit widened to a record level in January, as falling exports combined with surging imports of energy.
|
U.S. Annual Inflation Rate Down to 2.9% in January
Published: 2/17/2012 7:16:50 PM
By: TradingEconomics.com, U.S. Bureau of Labor Statistics
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased 2.9 percent before seasonal adjustment
|
Canada's Annual Inflation Rate Up to 2.5% in January
Published: 2/17/2012 7:14:14 PM
By: TradingEconomics.com, Statistics Canada
Consumer prices rose 2.5% in the 12 months to January, led by increases for food and energy. The January rise followed a 2.3% increase in December.
|
Australia's Unemployment Rate Down to 5.1% in January
Published: 2/16/2012 1:14:57 PM
By: TradingEconomics.com, ABS
Australia's seasonally adjusted unemployment rate decreased 0.1 percentage points to 5.1 per cent in January, as announced by the Australian Bureau of Statistics (ABS).
|
Euro Area Trade Surplus Widens in December
Published: 2/15/2012 12:31:14 PM
By: TradingEconomics.com, Eurostat
The first estimate for the euro area (EA17) trade in goods balance with the rest of the world in December 2011 gave a 9.7 bn euro surplus, compared with -1.7 bn in December 2010.
|
U.K. Unemployment Rate at 8.4% in December
Published: 2/15/2012 10:47:34 AM
By: TradingEconomics.com, ONS
U.K. unemployment rate was 8.4 per cent of the economically active population, up 0.1 on the quarter. There were 2.67 million unemployed people, up 48,000 on the quarter. The unemployment rate has not been higher since 1995.
|
Euro Area GDP Down by 0.3% in Q4
Published: 2/15/2012 10:08:12 AM
By: TradingEconomics.com, Eurostat
Euro Area GDP fell by 0.3% in both the euro area (EA17) and the EU271 during the fourth quarter of 2011, compared with the previous quarter, according to flash estimates published by Eurostat. In the third quarter of 2011, growth rates were +0.1% and +0.3% respectively.
|
Bank of Japan Announces New Stimulus
Published: 2/14/2012 11:38:02 AM
By: TradingEconomics.com, Bank of Japan
The Bank of Japan on February 14th further eased monetary policy, increasing its asset purchase programme by 10 trillion yen to about 65 trillion yen, as it looks to end deflation.
|
U.K. Inflation Rate Drops to 3.6% in January
Published: 2/14/2012 11:20:43 AM
By: TradingEconomics.com, ONS
U.K. prices rose at an annual rate of 3.6% in January, official figures show, slower than the 4.2% rate recorded the month earlier.
|
Japan GDP Contracts 0.6% in Q4
Published: 2/13/2012 11:08:06 AM
By: TradingEconomics.com, Cabinet Office
Japan's economy shrank 0.6 percent in the October-December quarter compared with the previous three months as slowing global trade, a strong currency and disruption from severe floods in Thailand all took their toll.
|
|
|
|
|
|
|
|
|
|