Historical Year Data · 1989

Nominal GDP in 1989

Nominal GDP opened 1989 at $6B and closed at $6B, a +4.28% move for the year. The high of $6B was reached on October 1, and the low of $6B on January 1.

Open

$6B

1989-01

$6B

4 data points

High

$6B

Oct 1

Low

$6B

Jan 1

Full Year Change

+4.28%

1988 Change

+6.43%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	$6B	$6B	$6B	$6B	+0.00%
Apr	$6B	$6B	$6B	$6B	+0.00%
Jul	$6B	$6B	$6B	$6B	+0.00%
Oct	$6B	$6B	$6B	$6B	+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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