Historical Year Data · 2016
Nominal GDP in 2016
Nominal GDP opened 2016 at $19B and closed at $19B, a +3.04% move for the year. The high of $19B was reached on October 1, and the low of $19B on January 1.
Open
$19B
2016-01
Close
$19B
4 data points
High
$19B
Oct 1
Low
$19B
Jan 1
Full Year Change
+3.04%
2015 Change
+2.06%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | $19B | $19B | $19B | $19B | +0.00% |
| Apr | $19B | $19B | $19B | $19B | +0.00% |
| Jul | $19B | $19B | $19B | $19B | +0.00% |
| Oct | $19B | $19B | $19B | $19B | +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.
Related Metrics
Get historical context as markets unfold, regime classification, scenario triggers, and analysis in your inbox.