Historical Year Data · 2016
UK Credit-to-GDP Gap in 2016
UK Credit-to-GDP Gap opened 2016 at -23.9 and closed at -17.4, a +27.20% move for the year. The high of -17.3 was reached on September 30, and the low of -23.9 on March 31.
Open
-23.9
2016-01
Close
-17.4
4 data points
High
-17.3
Sep 30
Low
-23.9
Mar 31
Full Year Change
+27.20%
2015 Change
+0.78%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Mar | -23.9 | -23.9 | -23.9 | -23.9 | +0.00% |
| Jun | -19.9 | -19.9 | -19.9 | -19.9 | +0.00% |
| Sep | -17.3 | -17.3 | -17.3 | -17.3 | +0.00% |
| Dec | -17.4 | -17.4 | -17.4 | -17.4 | +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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