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Malaysia – 1Q 2020 Balance Of Payments
13/05/2020 04:43 pm MYT
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In 1Q 2020, the current account surplus expanded quarter-on-quarter, but narrowed on a year-on-year basis – see table 1. As a percentage of GDP, the current account surplus stood at 2.8% – see figure 1. On the other hand, the financial account recorded a net outflow of RM13.34 bln, mainly due to the outflow of portfolio investment – see table 1. The overall balance of payments registered a surplus of RM8.67 bln.

 



 

The deficit in the services account increased from RM1.67 bln in 1Q 2019 to RM7.95 bln in 1Q 2020, mainly due to higher deficits in the transportation segment and charges for the use of intellectual property as well as lower surplus in the travel segment – see table 2.

 



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