Historical Year Data · 1982
Korea Credit-to-GDP Gap in 1982
Korea Credit-to-GDP Gap opened 1982 at 9.3 and closed at 14.1, a +51.61% move for the year. The high of 14.1 was reached on December 31, and the low of 7.9 on June 30.
Open
9.3
1982-01
Close
14.1
4 data points
High
14.1
Dec 31
Low
7.9
Jun 30
Full Year Change
+51.61%
1981 Change
+20.51%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Mar | 9.3 | 9.3 | 9.3 | 9.3 | +0.00% |
| Jun | 7.9 | 7.9 | 7.9 | 7.9 | +0.00% |
| Sep | 9.6 | 9.6 | 9.6 | 9.6 | +0.00% |
| Dec | 14.1 | 14.1 | 14.1 | 14.1 | +0.00% |
Events During 1982
1979 Volcker Shock
Stagflation
October 1979 – August 1982
Paul Volcker's Fed raised interest rates to 20% to break entrenched inflation. The policy triggered the deepest post-war recession but ended the stagflation era and established inflation-targeting credibility.
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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