Historical Year Data · 2007
Spain Credit-to-GDP Gap in 2007
Spain Credit-to-GDP Gap opened 2007 at 43.6 and closed at 42.8, a -1.83% move for the year. The high of 47.3 was reached on June 30, and the low of 42.8 on December 31.
Open
43.6
2007-01
Close
42.8
4 data points
High
47.3
Jun 30
Low
42.8
Dec 31
Full Year Change
-1.83%
2006 Change
+11.84%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Mar | 43.6 | 43.6 | 43.6 | 43.6 | +0.00% |
| Jun | 47.3 | 47.3 | 47.3 | 47.3 | +0.00% |
| Sep | 44.9 | 44.9 | 44.9 | 44.9 | +0.00% |
| Dec | 42.8 | 42.8 | 42.8 | 42.8 | +0.00% |
Events During 2007
2008 Financial Crisis
Deflation
September 2007 – March 2009
The 2008 Financial Crisis remains the deepest and most instructive market event of the 21st century. Subprime losses cascaded through leveraged balance sheets, froze interbank lending, and forced unprecedented central bank intervention.
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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