Historical Year Data · 1981

Germany Credit-to-GDP Gap in 1981

Germany Credit-to-GDP Gap opened 1981 at 1.8 and closed at 3.3, a +83.33% move for the year. The high of 3.3 was reached on December 31, and the low of 1.8 on March 31.

Open

1.8

1981-01

3.3

4 data points

High

3.3

Dec 31

Low

1.8

Mar 31

Full Year Change

+83.33%

1980 Change

+153.85%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	1.8	1.8	1.8	1.8	+0.00%
Jun	2.7	2.7	2.7	2.7	+0.00%
Sep	2.7	2.7	2.7	2.7	+0.00%
Dec	3.3	3.3	3.3	3.3	+0.00%

Events During 1981

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.

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