RM13.1 Bln Deficit In Balance Of Payments For 4Q17

Last update: 14/02/2018

KUALA LUMPUR, Feb 14 (Bernama) -- The overall balance of payments registered a deficit of RM13.1 billion in the fourth quarter of 2017 (4Q17) compared to a surplus of RM2.9 billion in the third quarter of the year, said Bank Negara Malaysia (BNM).

In its Quarterly Bulletin released today, BNM said, the current account surplus widened to RM12.9 billion in 4Q17, accounting for 3.7 per cent of gross national income (GNI), compared to RM12.5 billion in 3Q17.

"This was due to a larger goods surplus and lower deficit in the secondary income account which offset the higher deficits in the services and primary income accounts," it said.

For the full year, the current account surplus widened to RM40.3 billion, or 3.1 per cent of GNI, the highest since 2015 compared to 2.4 per cent of GNI in 2016.

Sustained strong export performance during the quarter has contributed to the increase in the goods surplus to RM34.1 billion compared to the preceding quarter, it said.....