Malaysia Current Account to GDP

Malaysia recorded a Current Account surplus of 7.90 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Malaysia is reported by the Department of Statistics, Malaysia. From 1980 until 2012, Malaysia Current Account to GDP averaged 3.4 Percent reaching an all time high of 17.1 Percent in December of 2008 and a record low of -13.2 Percent in December of 1982. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Malaysia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
7.90 11.00 17.10 -13.20 5.04 | 2014/06 1980 - 2012 Percent Yearly

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Malaysia Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Current Account 16220.00 2013-12-31 9842.00 38598.00 2553.00 9726.21 2014-06-30 MYR Million [+]
Exports 58912.20 2014-02-15 63974.00 67108.20 328.10 63529.08 2014-03-31 MYR Million [+]
Imports 48476.09 2014-02-15 57618.83 58876.27 313.60 56550.45 2014-03-31 MYR Million [+]
Balance of Trade 10436.16 2014-02-15 6355.15 15767.47 -2880.61 10326.30 2014-03-31 MYR Million [+]
Crude Oil Production 504.00 2013-12-15 526.00 790.00 450.00 495.35 2014-01-31 Thousands Barrels per Day [+]
External Debt 16763.00 2013-12-31 16929.20 40185.00 9063.00 16674.98 2014-06-30 MYR Million [+]
Terms of Trade 106.10 2014-02-15 105.90 127.00 100.20 106.15 2014-03-31 Index Points [+]
Tourist Arrivals 2093392.00 2013-09-15 1980960.00 2436613.00 459374.00 2039970.07 2013-10-31 [+]
Current Account to GDP 7.90 2012-12-31 11.00 17.10 -13.20 5.04 2014-06-30 Percent [+]
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Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


RELATED NEWS

Malaysian Inflation Rate Unchanged in March  
Malaysian annual inflation remained steady at 3.5 percent in March of 2014, after accelerating in the previous six months. A slowdown in transport prices was enough to offset higher food, housing and gas prices.
Malaysian Trade Surplus Widens To Highest in Nearly 2 Years  
Trade surplus in Malaysia increased to MYR 10.4 billion in February of 2014, up from MYR 8.2 billion a year earlier. Exports expanded at a double-digit 12.3 percent on the year due to a strong rise in electronic sales, liquefied natural gas products and machinery. Imports increased 9.5 percent.
Malaysian Inflation Rate Rises Further in February  
Malaysian annual inflation rate accelerated for the sixth consecutive month to 3.5 percent, the highest in 32 months, due to higher housing utilities and transport cost.
Malaysia Trade Surplus Widens 94% in January over a Year Earlier  
In the first month of 2014, Malaysian trade deficit increased to MYR 6.4 billion from MYR 3.2 billion a year earlier due to higher trade with China and the European Union.
Malaysian Central Bank Leaves Benchmark Rate on Hold at 3%  
In its March 6th, 2014 meeting, Bank Negara Malaysia left the overnight policy rate unchanged at 3 percent as widely expected, reiterating that a slowdown in domestic spending will contain the inflation rate.
Malaysia Inflation Rate Edges Up to 27-Month High  
In January of 2014, Malaysian annual inflation rate accelerated for the fifth consecutive month to 3.4 percent, the highest rate since October of 2011, due to higher food, transport and electricity prices.
Malaysian GDP Accelerates in Q4 2013  
In the last quarter of 2013, Malaysian economy expanded at a faster pace of 2.1 percent over the previous quarter, up from 1.7 percent in the previous three-month period. Full 2013 growth rate decelerated to 4.7 percent, from 5.6 percent in 2012.
Malaysia GDP Expands 5.1% in Q4 2013  
In the fourth quarter of 2013, Malaysian economy accelerated to an annual growth rate of 5.1 percent, the fastest pace in the last four quarters, supported by private sector demand and an improvement in exports.
Malaysian Trade Surplus Shrinks Slightly in December  
In December of 2013, Malaysian trade surplus decreased slightly top MYR 9.47 billion, from MYR 9.7 billion in November. Yet, compared with the same month last year, the surplus widened from MYR 8.46 billion, as exports surged 14.4 percent.
Malaysia Monetary Policy Unchanged in January  
In its January 29th, 2014 meeting, Bank Negara Malaysia decided to leave the overnight policy rate unchanged at 3 percent, saying that inflationary pressures are expected to be tempered by a slow down in domestic demand.
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