Historical Year Data · 1983

Real GDP in 1983

Real GDP opened 1983 at $7B and closed at $8B, a +6.50% move for the year. The high of $8B was reached on October 1, and the low of $7B on January 1.

Open

$7B

1983-01

$8B

4 data points

High

$8B

Oct 1

Low

$7B

Jan 1

Full Year Change

+6.50%

1982 Change

+0.11%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	$7B	$7B	$7B	$7B	+0.00%
Apr	$8B	$8B	$8B	$8B	+0.00%
Jul	$8B	$8B	$8B	$8B	+0.00%
Oct	$8B	$8B	$8B	$8B	+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.