Historical Year Data · 1982
Australia Credit-to-GDP Gap in 1982
Australia Credit-to-GDP Gap opened 1982 at 3.3 and closed at 4.3, a +30.30% move for the year. The high of 4.3 was reached on September 30, and the low of 3.3 on March 31.
Open
3.3
1982-01
Close
4.3
4 data points
High
4.3
Sep 30
Low
3.3
Mar 31
Full Year Change
+30.30%
1981 Change
+52.94%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Mar | 3.3 | 3.3 | 3.3 | 3.3 | +0.00% |
| Jun | 3.9 | 3.9 | 3.9 | 3.9 | +0.00% |
| Sep | 4.3 | 4.3 | 4.3 | 4.3 | +0.00% |
| Dec | 4.3 | 4.3 | 4.3 | 4.3 | +0.00% |
Events During 1982
1979 Volcker Shock
Stagflation
October 1979 – August 1982
Paul Volcker's Fed raised interest rates to 20% to break entrenched inflation. The policy triggered the deepest post-war recession but ended the stagflation era and established inflation-targeting credibility.
1982 Latin American Debt Crisis
Deflation
August 1982 – 1989
Mexico defaulted on its external debt in August 1982, triggering a seven-year crisis that engulfed Brazil, Argentina, Chile, and most of Latin America. The "lost decade" reshaped emerging market finance.
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