Historical Year Data · 1988

Korea Credit-to-GDP Gap in 1988

Korea Credit-to-GDP Gap opened 1988 at -9.2 and closed at -11.4, a -23.91% move for the year. The high of -8 was reached on June 30, and the low of -11.4 on December 31.

Open

-9.2

1988-01

-11.4

4 data points

High

-8

Jun 30

Low

-11.4

Dec 31

Full Year Change

-23.91%

1987 Change

-2600.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	-9.2	-9.2	-9.2	-9.2	+0.00%
Jun	-8	-8	-8	-8	+0.00%
Sep	-9.7	-9.7	-9.7	-9.7	+0.00%
Dec	-11.4	-11.4	-11.4	-11.4	+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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