Historical Year Data · 2006

Australia Credit-to-GDP Gap in 2006

Australia Credit-to-GDP Gap opened 2006 at 13.7 and closed at 16.8, a +22.63% move for the year. The high of 16.8 was reached on December 31, and the low of 13.7 on March 31.

Open

13.7

2006-01

16.8

4 data points

High

16.8

Dec 31

Low

13.7

Mar 31

Full Year Change

+22.63%

2005 Change

+45.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	13.7	13.7	13.7	13.7	+0.00%
Jun	15.9	15.9	15.9	15.9	+0.00%
Sep	16.6	16.6	16.6	16.6	+0.00%
Dec	16.8	16.8	16.8	16.8	+0.00%

Events During 2006

2006 US Housing Market Peak

Goldilocks

June 2006 – February 2007

US home prices peaked in summer 2006 after a 106% rally from 2000. Subprime mortgage underwriting collapsed in late 2006, setting up the 2008 crisis. The peak is the canonical example of a market top visible only in retrospect.

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