Historical Year Data · 2006

Spain Credit-to-GDP Gap in 2006

Spain Credit-to-GDP Gap opened 2006 at 39.75 and closed at 44.37, a +11.62% move for the year. The high of 44.37 was reached on December 31, and the low of 39.75 on March 31.

Open

39.75

2006-01

44.37

4 data points

High

44.37

Dec 31

Low

39.75

Mar 31

Full Year Change

+11.62%

2005 Change

+14.18%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	39.75	39.75	39.75	39.75	+0.00%
Jun	41.35	41.35	41.35	41.35	+0.00%
Sep	41.63	41.63	41.63	41.63	+0.00%
Dec	44.37	44.37	44.37	44.37	+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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Related Metrics

US Credit-to-GDP Gap

2006

China Credit-to-GDP Gap

2006

Japan Credit-to-GDP Gap

2006

Euro Area Credit-to-GDP Gap

2006

UK Credit-to-GDP Gap

2006

Germany Credit-to-GDP Gap

2006

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Historical Year Data · 2006

Spain Credit-to-GDP Gap in 2006

Spain Credit-to-GDP Gap opened 2006 at 39.75 and closed at 44.37, a +11.62% move for the year. The high of 44.37 was reached on December 31, and the low of 39.75 on March 31.