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Historical Year Data · 2006

South Africa Current Account (% GDP, WEO) in 2006

South Africa Current Account (% GDP, WEO) opened 2006 at -4.00% and closed at -4.00%, a +0.00% move for the year. The high of -4.00% was reached on December 31, and the low of -4.00% on December 31.

Open
-4.00%
2006-01
Close
-4.00%
1 data points
High
-4.00%
Dec 31
Low
-4.00%
Dec 31
Full Year Change
+0.00%
2005 Change
+0.00%

Monthly Breakdown

MonthOpenCloseHighLowChange
Dec-4.00%-4.00%-4.00%-4.00%+0.00%

Events During 2006

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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