Historical Year Data · 2016
France Credit-to-GDP Gap in 2016
France Credit-to-GDP Gap opened 2016 at 3.1 and closed at 5, a +61.29% move for the year. The high of 5 was reached on December 31, and the low of 3.1 on March 31.
Open
3.1
2016-01
Close
5
4 data points
High
5
Dec 31
Low
3.1
Mar 31
Full Year Change
+61.29%
2015 Change
-8.93%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Mar | 3.1 | 3.1 | 3.1 | 3.1 | +0.00% |
| Jun | 4.3 | 4.3 | 4.3 | 4.3 | +0.00% |
| Sep | 4.5 | 4.5 | 4.5 | 4.5 | +0.00% |
| Dec | 5 | 5 | 5 | 5 | +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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