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Historical Year Data · 1974

Germany Credit-to-GDP Gap in 1974

Germany Credit-to-GDP Gap opened 1974 at -1.3 and closed at -1.4, a -7.69% move for the year. The high of -1.2 was reached on June 30, and the low of -1.6 on September 30.

Open
-1.3
1974-01
Close
-1.4
4 data points
High
-1.2
Jun 30
Low
-1.6
Sep 30
Full Year Change
-7.69%
1973 Change
+0.00%

Monthly Breakdown

MonthOpenCloseHighLowChange
Mar-1.3-1.3-1.3-1.3+0.00%
Jun-1.2-1.2-1.2-1.2+0.00%
Sep-1.6-1.6-1.6-1.6+0.00%
Dec-1.4-1.4-1.4-1.4+0.00%

Events During 1974

1973 OPEC Oil Embargo
Stagflation
October 1973 – March 1974

OPEC quadrupled oil prices and embargoed shipments to the United States in response to US support for Israel in the Yom Kippur War. The shock launched a decade of stagflation.

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