Historical Year Data · 2023
US Credit-to-GDP Gap in 2023
US Credit-to-GDP Gap opened 2023 at -7.6 and closed at -10.6, a -39.47% move for the year. The high of -7.6 was reached on March 31, and the low of -10.6 on December 31.
Open
-7.6
2023-01
Close
-10.6
4 data points
High
-7.6
Mar 31
Low
-10.6
Dec 31
Full Year Change
-39.47%
2022 Change
-169.57%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Mar | -7.6 | -7.6 | -7.6 | -7.6 | +0.00% |
| Jun | -8.8 | -8.8 | -8.8 | -8.8 | +0.00% |
| Sep | -9.8 | -9.8 | -9.8 | -9.8 | +0.00% |
| Dec | -10.6 | -10.6 | -10.6 | -10.6 | +0.00% |
Events During 2023
2023 Silicon Valley Bank Collapse
Mixed
March 2023
Silicon Valley Bank collapsed on March 10, 2023, the second-largest bank failure in US history. The Fed's response redefined liquidity backstops for the banking system.
2023 Credit Suisse Forced Merger
Mixed
March 15-19, 2023
Credit Suisse was forced into an emergency acquisition by UBS over the weekend of March 18-19, 2023. The deal wiped out AT1 bondholders while preserving some equity, reshaping bank capital structure risk assessment globally.
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