Historical Year Data · 2016
Australia Credit-to-GDP Gap in 2016
Australia Credit-to-GDP Gap opened 2016 at 2.4 and closed at -0.2, a -108.33% move for the year. The high of 2.7 was reached on June 30, and the low of -0.2 on December 31.
Open
2.4
2016-01
Close
-0.2
4 data points
High
2.7
Jun 30
Low
-0.2
Dec 31
Full Year Change
-108.33%
2015 Change
+205.88%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Mar | 2.4 | 2.4 | 2.4 | 2.4 | +0.00% |
| Jun | 2.7 | 2.7 | 2.7 | 2.7 | +0.00% |
| Sep | 1.8 | 1.8 | 1.8 | 1.8 | +0.00% |
| Dec | -0.2 | -0.2 | -0.2 | -0.2 | +0.00% |
Events During 2016
2016 Brexit Vote
Goldilocks
June 23–24, 2016
The UK voted to leave the European Union on June 23, 2016. The pound fell 10% overnight, its largest single-day drop since floating in 1971.
2014-2016 Oil Price Collapse
Deflation
June 2014 – February 2016
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
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