Historical Year Data · 2023
Spain Credit-to-GDP Gap in 2023
Spain Credit-to-GDP Gap opened 2023 at -36.5 and closed at -36.9, a -1.10% move for the year. The high of -36.3 was reached on June 30, and the low of -37.5 on September 30.
Open
-36.5
2023-01
Close
-36.9
4 data points
High
-36.3
Jun 30
Low
-37.5
Sep 30
Full Year Change
-1.10%
2022 Change
-15.61%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Mar | -36.5 | -36.5 | -36.5 | -36.5 | +0.00% |
| Jun | -36.3 | -36.3 | -36.3 | -36.3 | +0.00% |
| Sep | -37.5 | -37.5 | -37.5 | -37.5 | +0.00% |
| Dec | -36.9 | -36.9 | -36.9 | -36.9 | +0.00% |
Events During 2023
2023 Silicon Valley Bank Collapse
Mixed
March 2023
Silicon Valley Bank collapsed on March 10, 2023, the second-largest bank failure in US history. The Fed's response redefined liquidity backstops for the banking system.
2023 Credit Suisse Forced Merger
Mixed
March 15-19, 2023
Credit Suisse was forced into an emergency acquisition by UBS over the weekend of March 18-19, 2023. The deal wiped out AT1 bondholders while preserving some equity, reshaping bank capital structure risk assessment globally.
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