Balance of Payments (BOP), Third Quarter 2021
- BOPstatsMY
- Nov 12, 2021
- 1 min read
Malaysia’s Current Account Balance continued to record a surplus of RM11.6 billion in the third quarter of 2021 while International Investment Position registered a net asset of RM68.1 billion
Malaysia’s current account balance recorded a surplus of RM11.6 billion in the third quarter of 2021, still largely buoyed by the higher net exports of Goods at RM41.2 billion.
Services logged a deficit of RM15.2 billion as compared to RM15.4 billion in the preceding quarter of 2021. This was partially offset by Transport, Other business services and Construction components, albeit Travel remains in the negative trend following the border closure for international tourist arrivals.
Financial account turned around to register a net inflow of RM22.8 billion from a net outflow of RM7.0 billion in the previous quarter, mainly attributed by inflows in Direct investment and Other investment.
FDI expanded to a higher net inflow of RM12.8 billion for this quarter. DIA switched to net inflow of RM4.7 billion from a net outflow of RM4.0 billion in the previous quarter.
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Congrats BOP team 🥰