Historical Year Data · 2011
Spain Credit-to-GDP Gap in 2011
Spain Credit-to-GDP Gap opened 2011 at 8.5 and closed at -1, a -111.76% move for the year. The high of 8.5 was reached on March 31, and the low of -1 on December 31.
Open
8.5
2011-01
Close
-1
4 data points
High
8.5
Mar 31
Low
-1
Dec 31
Full Year Change
-111.76%
2010 Change
-41.45%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Mar | 8.5 | 8.5 | 8.5 | 8.5 | +0.00% |
| Jun | 5.9 | 5.9 | 5.9 | 5.9 | +0.00% |
| Sep | 2.1 | 2.1 | 2.1 | 2.1 | +0.00% |
| Dec | -1 | -1 | -1 | -1 | +0.00% |
Events During 2011
2011 US Debt Ceiling & Downgrade
Mixed
July–August 2011
S&P stripped the United States of its AAA credit rating on August 5, 2011, the first time in history. Markets whipsawed as the debt ceiling fight showed political risk could reprice government creditworthiness.
2010 European Sovereign Debt Crisis
Deflation
April 2010 – July 2012
Greece's debt revelation in October 2009 triggered a multi-year eurozone crisis that threatened the euro's survival. Greece, Ireland, Portugal, Spain, and Italy required emergency support. Mario Draghi's "whatever it takes" in 2012 ended the acute phase.
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