Historical Year Data · 1988

Real GDP in 1988

Real GDP opened 1988 at $9B and closed at $10B, a +3.27% move for the year. The high of $10B was reached on October 1, and the low of $9B on January 1.

Open

$9B

1988-01

$10B

4 data points

High

$10B

Oct 1

Low

$9B

Jan 1

Full Year Change

+3.27%

1987 Change

+3.71%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	$9B	$9B	$9B	$9B	+0.00%
Apr	$9B	$9B	$9B	$9B	+0.00%
Jul	$10B	$10B	$10B	$10B	+0.00%
Oct	$10B	$10B	$10B	$10B	+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.