PEM walks you through the forest of figures that the 2010 Bank Negara Report put together. We point out where the trees are to you and discuss their significance.
THE BANK NEGARA REPORT on the economic performance of the nation in 2010 was released in March 2011. To date, SERI is the only Malaysian institution that analyses the central bank’s figures in the format of the four accounts that make up the system of national accounts (SNA) as prescribed by the United Nations.1
Eleven numbers make up the four accounts:
1) consumption;
2) investments;
3) exports;
4) gross domestic product (GDP);
5) net incomes abroad;
6) gross national income (GNI);
7) draw down on stocks;
8) gross national savings;
9) imports;
10) net transfers abroad; and
11) current account balance.
These numbers appear more than once, either on the left side or the right side of the different accounts – the demand and output side of production, the production and consumption side of appropriation, savings, and investments from the perspective of accumulation, and outflows and inflows between Malaysia and the rest of the world.
