Malaysia’s Balance of Payments statistics measure the international economic transactions between Malaysia and the rest of the world in terms of magnitude and types of transactions in current, capital, and financial accounts. The compilation is in accordance with the methodology set forth in the Sixth Edition of the Balance of Payments and International Investment Position Manual (BPM6) of the International Monetary Fund (IMF).
So, what is actually balance of payments? Why is it important? Check these videos that help you to understand the concept and definitions in compiling this statistics:
An explainer video defining and describing the Balance of Payments and its various components. Also includes how to calculate the Balance of Payments. Useful for beginner economists and economics students. Check it out
A detailed look at the structure of the balance of payments including the current account, financial account and capital account whilst also considering how the balance of payments must balance. Check it out
Measuring the Balance of payments in brief. Check it out
