Historical Year Data · 2016
Euro Area Credit-to-GDP Gap in 2016
Euro Area Credit-to-GDP Gap opened 2016 at -10.9 and closed at -11.1, a -1.83% move for the year. The high of -10.2 was reached on June 30, and the low of -11.1 on December 31.
Open
-10.9
2016-01
Close
-11.1
4 data points
High
-10.2
Jun 30
Low
-11.1
Dec 31
Full Year Change
-1.83%
2015 Change
-63.64%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Mar | -10.9 | -10.9 | -10.9 | -10.9 | +0.00% |
| Jun | -10.2 | -10.2 | -10.2 | -10.2 | +0.00% |
| Sep | -10.5 | -10.5 | -10.5 | -10.5 | +0.00% |
| Dec | -11.1 | -11.1 | -11.1 | -11.1 | +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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