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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, 3 successful
Kuwait 2012
Reserves YoY
+11.5%
GDP growth
6.6%
C/A balance
45.5%
24 mo later
0.5%
Kuwait 2011
Reserves YoY
+19.7%
GDP growth
9.6%
C/A balance
42.9%
24 mo later
1.1%
Kuwait 2007
Reserves YoY
+32.4%
GDP growth
6.0%
C/A balance
36.1%
24 mo later
-7.1%
Kuwait 2006
Reserves YoY
+39.5%
GDP growth
7.5%
C/A balance
44.6%
24 mo later
2.5%
Kuwait 2000
Reserves YoY
+39.9%
GDP growth
4.7%
C/A balance
38.9%
24 mo later
3.0%
Kuwait 1998
Reserves YoY
+11.7%
GDP growth
3.7%
C/A balance
8.5%
24 mo later
4.7%
Kuwait 1989
Reserves YoY
+38.9%
GDP growth
25.9%
C/A balance
37.6%
24 mo later
-41.0%