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Historical Year Data · 1979

US Credit-to-GDP Gap in 1979

US Credit-to-GDP Gap opened 1979 at -3.5 and closed at -1.2, a +65.71% move for the year. The high of -1.2 was reached on December 31, and the low of -3.5 on March 31.

Open
-3.5
1979-01
Close
-1.2
4 data points
High
-1.2
Dec 31
Low
-3.5
Mar 31
Full Year Change
+65.71%
1978 Change
+27.03%

Monthly Breakdown

MonthOpenCloseHighLowChange
Mar-3.5-3.5-3.5-3.5+0.00%
Jun-2.3-2.3-2.3-2.3+0.00%
Sep-1.6-1.6-1.6-1.6+0.00%
Dec-1.2-1.2-1.2-1.2+0.00%

Events During 1979

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.

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