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Export Boom Cycle

Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
7 occurrences detected, 4 successful
Denmark 2021
Reserves YoY
+12.9%
GDP growth
6.5%
C/A balance
8.6%
24 mo later
0.6%
Denmark 2017
Reserves YoY
+17.2%
GDP growth
3.1%
C/A balance
7.4%
24 mo later
1.7%
Denmark 1999
Reserves YoY
+44.3%
GDP growth
3.0%
C/A balance
1.7%
24 mo later
1.0%
Denmark 1997
Reserves YoY
+32.9%
GDP growth
3.2%
C/A balance
0.5%
24 mo later
3.0%
Denmark 1996
Reserves YoY
+26.6%
GDP growth
2.9%
C/A balance
1.6%
24 mo later
2.3%
Denmark 1995
Reserves YoY
+20.4%
GDP growth
3.0%
C/A balance
1.0%
24 mo later
3.2%
Denmark 1992
Reserves YoY
+45.1%
GDP growth
2.0%
C/A balance
2.7%
24 mo later
5.3%