Malaysia’s current account surplus narrowed to RM7.6 billion from RM11.5 billion in the previous quarter. This was due to wider deficit in services and primary income accounts. The widening deficit in services account was mainly caused by a slower performance in travel activities. Financial account in this quarter recorded a lower net outflow of RM0.6 billion, primarily due to lower outflow in portfolio investment.
In 2019, the current account surplus hit the highest value of RM49.7 billion since 2012 (RM50.2 billion) despite turned downward in the second half of the year. The favourable performance was contributed by higher surplus in goods account at RM125.5 billion and smaller deficit in services account at RM10.9 billion.
Foreign Direct Investment (FDI) recorded a higher net inflow of RM3.7 billion from RM2.9 billion in preceding quarter. The FDI was channelled mainly into Services and Construction sectors, particularly from Singapore, Ireland and Hong Kong. Meanwhile, Direct Investment Abroad (DIA) registered a lower net outflow of RM1.5 billion from RM3.7 billion in previous quarter. Mining & quarrying and Construction were the major sectors for DIA. The main destinations for DIA were Brazil, Singapore and United States of America.
The international reserves of Bank Negara Malaysia stood at RM424.1 billion as compared to RM431.2 billion in last quarter.
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
12 February 2020
Mohd Yusrizal Ab Razak
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
Email : yusrizal.razak[at]dosm.gov.my