Historical Year Data · 1988

Spain Credit-to-GDP Gap in 1988

Spain Credit-to-GDP Gap opened 1988 at -9.3 and closed at -2.8, a +69.89% move for the year. The high of -2.8 was reached on December 31, and the low of -9.3 on March 31.

Open

-9.3

1988-01

-2.8

4 data points

High

-2.8

Dec 31

Low

-9.3

Mar 31

Full Year Change

+69.89%

1987 Change

+24.07%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	-9.3	-9.3	-9.3	-9.3	+0.00%
Jun	-8	-8	-8	-8	+0.00%
Sep	-6.8	-6.8	-6.8	-6.8	+0.00%
Dec	-2.8	-2.8	-2.8	-2.8	+0.00%

Events During 1988

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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