Historical Year Data · 1982
Nominal GDP in 1982
Nominal GDP opened 1982 at $3B and closed at $3B, a +3.92% move for the year. The high of $3B was reached on October 1, and the low of $3B on January 1.
Open
$3B
1982-01
Close
$3B
4 data points
High
$3B
Oct 1
Low
$3B
Jan 1
Full Year Change
+3.92%
1981 Change
+5.01%
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 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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