corporate/other corporate/other includes certain unallocated costs of global staff functions ( including finance , risk , human resources , legal and compliance ) , other corporate expenses and unallocated global operations and technology expenses and income taxes , as well as corporate treasury , certain north america legacy consumer loan portfolios , other legacy assets and discontinued operations ( for additional information on corporate/other , see 201ccitigroup segments 201d above ) . at december 31 , 2018 , corporate/other had $ 91 billion in assets , an increase of 17% ( 17 % ) from the prior year . in millions of dollars 2018 2017 2016 % (  % ) change 2018 vs . 2017 % (  % ) change 2017 vs . 2016 .

2018: net interest revenue: 2254
non-interest revenue: -171
total revenues net of interest expense: 2083
total operating expenses: 2272
net credit losses: 21
credit reserve build ( release ): -218
provision ( release ) for unfunded lending commitments: -3
provision for benefits and claims: -2
provisions for credit losses and for benefits and claims: -202
income ( loss ) from continuing operations before taxes: 13
income taxes ( benefits ): -113
income ( loss ) from continuing operations: 126
income ( loss ) from discontinued operations net of taxes: -8
net income ( loss ) before attribution of noncontrolling interests: 118
noncontrolling interests: 11
net income ( loss ): 107
2017: net interest revenue: 2000
non-interest revenue: 1132
total revenues net of interest expense: 3132
total operating expenses: 3814
net credit losses: 149
credit reserve build ( release ): -317
provision ( release ) for unfunded lending commitments: 2014
provision for benefits and claims: -7
provisions for credit losses and for benefits and claims: -175
income ( loss ) from continuing operations before taxes: -507
income taxes ( benefits ): 19064
income ( loss ) from continuing operations: -19571
income ( loss ) from discontinued operations net of taxes: -111
net income ( loss ) before attribution of noncontrolling interests: -19682
noncontrolling interests: -6
net income ( loss ): -19676
2016: net interest revenue: 3045
non-interest revenue: 2188
total revenues net of interest expense: 5233
total operating expenses: 5042
net credit losses: 435
credit reserve build ( release ): -456
provision ( release ) for unfunded lending commitments: -8
provision for benefits and claims: 98
provisions for credit losses and for benefits and claims: 69
income ( loss ) from continuing operations before taxes: 122
income taxes ( benefits ): -455
income ( loss ) from continuing operations: 577
income ( loss ) from discontinued operations net of taxes: -58
net income ( loss ) before attribution of noncontrolling interests: 519
noncontrolling interests: -2
net income ( loss ): 521
% (  % ) change2018 vs . 2017: net interest revenue: -13
non-interest revenue: nm
total revenues net of interest expense: -33
total operating expenses: -40
net credit losses: -86
credit reserve build ( release ): 31
provision ( release ) for unfunded lending commitments: 2014
provision for benefits and claims: 71
provisions for credit losses and for benefits and claims: -15
income ( loss ) from continuing operations before taxes: nm
income taxes ( benefits ): nm
income ( loss ) from continuing operations: nm
income ( loss ) from discontinued operations net of taxes: 93
net income ( loss ) before attribution of noncontrolling interests: nm
noncontrolling interests: nm
net income ( loss ): nm
% (  % ) change2017 vs . 2016: net interest revenue: -34
non-interest revenue: -48
total revenues net of interest expense: -40
total operating expenses: -24
net credit losses: -66
credit reserve build ( release ): 30
provision ( release ) for unfunded lending commitments: 100
provision for benefits and claims: nm
provisions for credit losses and for benefits and claims: nm
income ( loss ) from continuing operations before taxes: nm
income taxes ( benefits ): nm
income ( loss ) from continuing operations: nm
income ( loss ) from discontinued operations net of taxes: -91
net income ( loss ) before attribution of noncontrolling interests: nm
noncontrolling interests: nm
net income ( loss ): nm

nm not meaningful 2018 vs . 2017 net income was $ 107 million in 2018 , compared to a net loss of $ 19.7 billion in the prior year , primarily driven by the $ 19.8 billion one-time , non-cash charge recorded in the tax line in 2017 due to the impact of tax reform . results in 2018 included the one-time benefit of $ 94 million in the tax line , related to tax reform . for additional information , see 201csignificant accounting policies and significant estimates 2014income taxes 201d below . excluding the one-time impact of tax reform in 2018 and 2017 , net income decreased 92% ( 92 % ) , reflecting lower revenues , partially offset by lower expenses , lower cost of credit and tax benefits related to the reorganization of certain non-u.s . subsidiaries . the tax benefits were largely offset by the release of a foreign currency translation adjustment ( cta ) from aoci to earnings ( for additional information on the cta release , see note 19 to the consolidated financial statements ) . revenues decreased 33% ( 33 % ) , driven by the continued wind-down of legacy assets . expenses decreased 40% ( 40 % ) , primarily driven by the wind-down of legacy assets , lower infrastructure costs and lower legal expenses . provisions decreased $ 27 million to a net benefit of $ 202 million , primarily due to lower net credit losses , partially offset by a lower net loan loss reserve release . net credit losses declined 86% ( 86 % ) to $ 21 million , primarily reflecting the impact of ongoing divestiture activity and the continued wind-down of the north america mortgage portfolio . the net reserve release declined by $ 96 million to $ 221 million , and reflected the continued wind-down of the legacy north america mortgage portfolio and divestitures . 2017 vs . 2016 the net loss was $ 19.7 billion , compared to net income of $ 521 million in the prior year , primarily driven by the one-time impact of tax reform . excluding the one-time impact of tax reform , net income declined 69% ( 69 % ) to $ 168 million , reflecting lower revenues , partially offset by lower expenses and lower cost of credit . revenues declined 40% ( 40 % ) , primarily reflecting the continued wind-down of legacy assets and the absence of gains related to debt buybacks in 2016 . revenues included approximately $ 750 million in gains on asset sales in the first quarter of 2017 , which more than offset a roughly $ 300 million charge related to the exit of citi 2019s u.s . mortgage servicing operations in the quarter . expenses declined 24% ( 24 % ) , reflecting the wind-down of legacy assets and lower legal expenses , partially offset by approximately $ 100 million in episodic expenses primarily related to the exit of the u.s . mortgage servicing operations . also included in expenses is an approximately $ 255 million provision for remediation costs related to a card act matter in 2017 . provisions decreased $ 244 million to a net benefit of $ 175 million , primarily due to lower net credit losses and a lower provision for benefits and claims , partially offset by a lower net loan loss reserve release . net credit losses declined 66% ( 66 % ) , primarily reflecting the impact of ongoing divestiture activity and the continued wind-down of the north america mortgage portfolio . the decline in the provision for benefits and claims was primarily due to lower insurance activity . the net reserve release declined $ 147 million , and reflected the continued wind-down of the legacy north america mortgage portfolio and divestitures. .

Questions:
what were total operating expenses in 2018?
what were total operating expenses in 2016?
what is the net change in value?
what is the percent change?

Answers:
2272
5042
-2770
-55%