Historical Year Data · 1988

Nominal GDP in 1988

Nominal GDP opened 1988 at $5B and closed at $5B, a +6.43% move for the year. The high of $5B was reached on October 1, and the low of $5B on January 1.

Open

$5B

1988-01

$5B

4 data points

High

$5B

Oct 1

Low

$5B

Jan 1

Full Year Change

+6.43%

1987 Change

+6.05%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	$5B	$5B	$5B	$5B	+0.00%
Apr	$5B	$5B	$5B	$5B	+0.00%
Jul	$5B	$5B	$5B	$5B	+0.00%
Oct	$5B	$5B	$5B	$5B	+0.00%

Events During 1988

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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