Historical Year Data · 2008

Australia Credit-to-GDP Gap in 2008

Australia Credit-to-GDP Gap opened 2008 at 16.9 and closed at 10.9, a -35.50% move for the year. The high of 16.9 was reached on March 31, and the low of 10.9 on December 31.

Open

16.9

2008-01

10.9

4 data points

High

16.9

Mar 31

Low

10.9

Dec 31

Full Year Change

-35.50%

2007 Change

+14.01%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	16.9	16.9	16.9	16.9	+0.00%
Jun	15.1	15.1	15.1	15.1	+0.00%
Sep	12.6	12.6	12.6	12.6	+0.00%
Dec	10.9	10.9	10.9	10.9	+0.00%

Events During 2008

2008 Financial Crisis

Deflation

September 2007 – March 2009

The 2008 Financial Crisis remains the deepest and most instructive market event of the 21st century. Subprime losses cascaded through leveraged balance sheets, froze interbank lending, and forced unprecedented central bank intervention.

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