Historical Year Data · 2006

Australia Current Account (% GDP, WEO) in 2006

Australia Current Account (% GDP, WEO) opened 2006 at -6.17% and closed at -6.17%, a +0.00% move for the year. The high of -6.17% was reached on December 31, and the low of -6.17% on December 31.

Open

-6.17%

2006-01

-6.17%

1 data points

High

-6.17%

Dec 31

Low

-6.17%

Dec 31

Full Year Change

+0.00%

2005 Change

+0.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Dec	-6.17%	-6.17%	-6.17%	-6.17%	+0.00%

Events During 2006

2006 US Housing Market Peak

Goldilocks

June 2006 – February 2007

US home prices peaked in summer 2006 after a 106% rally from 2000. Subprime mortgage underwriting collapsed in late 2006, setting up the 2008 crisis. The peak is the canonical example of a market top visible only in retrospect.

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