Historical Year Data · 1989

Japan Credit-to-GDP Gap in 1989

Japan Credit-to-GDP Gap opened 1989 at 17.2 and closed at 21.2, a +23.26% move for the year. The high of 21.2 was reached on December 31, and the low of 16.8 on June 30.

Open

17.2

1989-01

21.2

4 data points

High

21.2

Dec 31

Low

16.8

Jun 30

Full Year Change

+23.26%

1988 Change

+11.87%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	17.2	17.2	17.2	17.2	+0.00%
Jun	16.8	16.8	16.8	16.8	+0.00%
Sep	19.4	19.4	19.4	19.4	+0.00%
Dec	21.2	21.2	21.2	21.2	+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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