Historical Year Data · 1989

Korea Credit-to-GDP Gap in 1989

Korea Credit-to-GDP Gap opened 1989 at -8.8 and closed at -1.5, a +82.95% move for the year. The high of -1.5 was reached on December 31, and the low of -8.8 on March 31.

Open

-8.8

1989-01

-1.5

4 data points

High

-1.5

Dec 31

Low

-8.8

Mar 31

Full Year Change

+82.95%

1988 Change

-23.91%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	-8.8	-8.8	-8.8	-8.8	+0.00%
Jun	-4.1	-4.1	-4.1	-4.1	+0.00%
Sep	-1.8	-1.8	-1.8	-1.8	+0.00%
Dec	-1.5	-1.5	-1.5	-1.5	+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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