Historical Year Data · 1988

France Credit-to-GDP Gap in 1988

France Credit-to-GDP Gap opened 1988 at 2.9 and closed at 6.9, a +137.93% move for the year. The high of 6.9 was reached on December 31, and the low of 2.9 on March 31.

Open

2.9

1988-01

6.9

4 data points

High

6.9

Dec 31

Low

2.9

Mar 31

Full Year Change

+137.93%

1987 Change

+92.31%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	2.9	2.9	2.9	2.9	+0.00%
Jun	3.5	3.5	3.5	3.5	+0.00%
Sep	4	4	4	4	+0.00%
Dec	6.9	6.9	6.9	6.9	+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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