Historical Year Data · 2016
Mexico Credit-to-GDP Gap in 2016
Mexico Credit-to-GDP Gap opened 2016 at 7.9 and closed at 8.4, a +6.33% move for the year. The high of 8.6 was reached on September 30, and the low of 7.9 on March 31.
Open
7.9
2016-01
Close
8.4
4 data points
High
8.6
Sep 30
Low
7.9
Mar 31
Full Year Change
+6.33%
2015 Change
+22.95%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Mar | 7.9 | 7.9 | 7.9 | 7.9 | +0.00% |
| Jun | 8.4 | 8.4 | 8.4 | 8.4 | +0.00% |
| Sep | 8.6 | 8.6 | 8.6 | 8.6 | +0.00% |
| Dec | 8.4 | 8.4 | 8.4 | 8.4 | +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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