Historical Year Data · 1983

Nominal GDP in 1983

Nominal GDP opened 1983 at $3B and closed at $4B, a +9.25% move for the year. The high of $4B was reached on October 1, and the low of $3B on January 1.

Open

$3B

1983-01

$4B

4 data points

High

$4B

Oct 1

Low

$3B

Jan 1

Full Year Change

+9.25%

1982 Change

+3.92%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	$3B	$3B	$3B	$3B	+0.00%
Apr	$4B	$4B	$4B	$4B	+0.00%
Jul	$4B	$4B	$4B	$4B	+0.00%
Oct	$4B	$4B	$4B	$4B	+0.00%

Events During 1983

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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