Historical Year Data · 1982
US Credit-to-GDP Gap in 1982
US Credit-to-GDP Gap opened 1982 at -3.3 and closed at -1.5, a +54.55% move for the year. The high of -1.5 was reached on December 31, and the low of -3.3 on March 31.
Open
-3.3
1982-01
Close
-1.5
4 data points
High
-1.5
Dec 31
Low
-3.3
Mar 31
Full Year Change
+54.55%
1981 Change
-33.33%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Mar | -3.3 | -3.3 | -3.3 | -3.3 | +0.00% |
| Jun | -2.5 | -2.5 | -2.5 | -2.5 | +0.00% |
| Sep | -2 | -2 | -2 | -2 | +0.00% |
| Dec | -1.5 | -1.5 | -1.5 | -1.5 | +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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