Historical Year Data · 2008

Real GDP in 2008

Real GDP opened 2008 at $17B and closed at $16B, a -2.12% move for the year. The high of $17B was reached on April 1, and the low of $16B on October 1.

Open

$17B

2008-01

$16B

4 data points

High

$17B

Apr 1

Low

$16B

Oct 1

Full Year Change

-2.12%

2007 Change

+1.83%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	$17B	$17B	$17B	$17B	+0.00%
Apr	$17B	$17B	$17B	$17B	+0.00%
Jul	$17B	$17B	$17B	$17B	+0.00%
Oct	$16B	$16B	$16B	$16B	+0.00%

Events During 2008

2008 Financial Crisis

Deflation

September 2007 – March 2009

The 2008 Financial Crisis remains the deepest and most instructive market event of the 21st century. Subprime losses cascaded through leveraged balance sheets, froze interbank lending, and forced unprecedented central bank intervention.