Historical Year Data · 2016
Australia Current Account (% GDP, WEO) in 2016
Australia Current Account (% GDP, WEO) opened 2016 at -3.60% and closed at -3.60%, a +0.00% move for the year. The high of -3.60% was reached on December 31, and the low of -3.60% on December 31.
Open
-3.60%
2016-01
Close
-3.60%
1 data points
High
-3.60%
Dec 31
Low
-3.60%
Dec 31
Full Year Change
+0.00%
2015 Change
+0.00%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Dec | -3.60% | -3.60% | -3.60% | -3.60% | +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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