Historical Year Data · 1989

Spain Credit-to-GDP Gap in 1989

Spain Credit-to-GDP Gap opened 1989 at -3.2 and closed at 1.1, a +134.38% move for the year. The high of 1.1 was reached on December 31, and the low of -3.2 on March 31.

Open

-3.2

1989-01

1.1

4 data points

High

1.1

Dec 31

Low

-3.2

Mar 31

Full Year Change

+134.38%

1988 Change

+69.89%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	-3.2	-3.2	-3.2	-3.2	+0.00%
Jun	0.1	0.1	0.1	0.1	+0.00%
Sep	-0.5	-0.5	-0.5	-0.5	+0.00%
Dec	1.1	1.1	1.1	1.1	+0.00%

Events During 1989

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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