Historical Year Data · 1982
Canada Credit-to-GDP Gap in 1982
Canada Credit-to-GDP Gap opened 1982 at 4.7 and closed at -0.6, a -112.77% move for the year. The high of 4.7 was reached on March 31, and the low of -0.6 on December 31.
Open
4.7
1982-01
Close
-0.6
4 data points
High
4.7
Mar 31
Low
-0.6
Dec 31
Full Year Change
-112.77%
1981 Change
-15.38%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Mar | 4.7 | 4.7 | 4.7 | 4.7 | +0.00% |
| Jun | 3.6 | 3.6 | 3.6 | 3.6 | +0.00% |
| Sep | 1.9 | 1.9 | 1.9 | 1.9 | +0.00% |
| Dec | -0.6 | -0.6 | -0.6 | -0.6 | +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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