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Malaysia: External debt exceeds 65 percent of GDP

Malaysia's external debt in 2017’s fourth quarter hit 883.4 billion RM or 65.3 percent of the country’s GDP, according to The Star.
Malaysia: External debt exceeds 65 percent of GDP ảnh 1Breakdown of Foreign Currency-Denominated External Debt (% of Share) (Photo: thestar.com.my)

Hanoi (VNA) – Malaysia's external debt in 2017’s fourth quarter hit883.4 billion RM (215.5 billion USD) or 65.3 percent of the country’s GDP, according to The Star.

The Q4 debt increased from the 873.8 billion RM (204.7 billionUSD) or 64.6 percent of GDP recorded in the preceding quarter.

The Central Bank of Malaysia said the higherexternal debt was partially caused by valuation effects following the strengtheningof the ringgit against selected major and regional currencies during the fourthquarter.

It also noted the debt remains manageable given the country’scurrency and maturity profiles, and the availability of large external assets.More than one-third of total external debt (34.3 percent) is denominated inringgit, it said.

In the fourth quarter of 2017, Malaysia’s GDP grew by 5.9percent, lower than the figure of the third quarter (6.2 percent), but higherthan that of 2016’s Q4 (4.2 percent).-VNA
VNA
#Malaysia's external debt Q4 2017#Central Bank of Malaysia#Malaysia’s GDP#Malaysia economic affairs#Vietnam News Agency#vietnamplus
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