Historical Year Data · 1989

US Credit-to-GDP Gap in 1989

US Credit-to-GDP Gap opened 1989 at 6.9 and closed at 5.3, a -23.19% move for the year. The high of 6.9 was reached on March 31, and the low of 5.3 on December 31.

Open

6.9

1989-01

5.3

4 data points

High

6.9

Mar 31

Low

5.3

Dec 31

Full Year Change

-23.19%

1988 Change

-6.82%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	6.9	6.9	6.9	6.9	+0.00%
Jun	6.6	6.6	6.6	6.6	+0.00%
Sep	5.6	5.6	5.6	5.6	+0.00%
Dec	5.3	5.3	5.3	5.3	+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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