Historical Year Data · 1979

Nominal GDP in 1979

Nominal GDP opened 1979 at $3B and closed at $3B, a +7.81% move for the year. The high of $3B was reached on October 1, and the low of $3B on January 1.

Open

$3B

1979-01

$3B

4 data points

High

$3B

Oct 1

Low

$3B

Jan 1

Full Year Change

+7.81%

1978 Change

+12.45%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	$3B	$3B	$3B	$3B	+0.00%
Apr	$3B	$3B	$3B	$3B	+0.00%
Jul	$3B	$3B	$3B	$3B	+0.00%
Oct	$3B	$3B	$3B	$3B	+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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