Historical Year Data · 1981

US Credit-to-GDP Gap in 1981

US Credit-to-GDP Gap opened 1981 at -2.7 and closed at -3.6, a -33.33% move for the year. The high of -2.7 was reached on March 31, and the low of -3.6 on December 31.

Open

-2.7

1981-01

-3.6

4 data points

High

-2.7

Mar 31

Low

-3.6

Dec 31

Full Year Change

-33.33%

1980 Change

+7.69%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	-2.7	-2.7	-2.7	-2.7	+0.00%
Jun	-2.7	-2.7	-2.7	-2.7	+0.00%
Sep	-3.4	-3.4	-3.4	-3.4	+0.00%
Dec	-3.6	-3.6	-3.6	-3.6	+0.00%

Events During 1981

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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