Historical Year Data · 1988

India Credit-to-GDP Gap in 1988

India Credit-to-GDP Gap opened 1988 at 1.5 and closed at 0.2, a -86.67% move for the year. The high of 1.5 was reached on March 31, and the low of -2.4 on September 30.

Open

1.5

1988-01

0.2

4 data points

High

1.5

Mar 31

Low

-2.4

Sep 30

Full Year Change

-86.67%

1987 Change

-122.58%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	1.5	1.5	1.5	1.5	+0.00%
Jun	-1.4	-1.4	-1.4	-1.4	+0.00%
Sep	-2.4	-2.4	-2.4	-2.4	+0.00%
Dec	0.2	0.2	0.2	0.2	+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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