Historical Year Data · 2023
Nominal GDP in 2023
Nominal GDP opened 2023 at $27B and closed at $28B, a +4.44% move for the year. The high of $28B was reached on October 1, and the low of $27B on January 1.
Open
$27B
2023-01
Close
$28B
4 data points
High
$28B
Oct 1
Low
$27B
Jan 1
Full Year Change
+4.44%
2022 Change
+6.02%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | $27B | $27B | $27B | $27B | +0.00% |
| Apr | $28B | $28B | $28B | $28B | +0.00% |
| Jul | $28B | $28B | $28B | $28B | +0.00% |
| Oct | $28B | $28B | $28B | $28B | +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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