Historical Year Data · 1982
Real GDP in 1982
Real GDP opened 1982 at $7B and closed at $7B, a +0.11% move for the year. The high of $7B was reached on April 1, and the low of $7B on January 1.
Open
$7B
1982-01
Close
$7B
4 data points
High
$7B
Apr 1
Low
$7B
Jan 1
Full Year Change
+0.11%
1981 Change
-0.65%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | $7B | $7B | $7B | $7B | +0.00% |
| Apr | $7B | $7B | $7B | $7B | +0.00% |
| Jul | $7B | $7B | $7B | $7B | +0.00% |
| Oct | $7B | $7B | $7B | $7B | +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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