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Historical Year Data · 1979

Mexico Current Account (% GDP, WEO) in 1979

Mexico Current Account (% GDP, WEO) opened 1979 at -4.02% and closed at -4.02%, a +0.00% move for the year. The high of -4.02% was reached on December 31, and the low of -4.02% on December 31.

Open
-4.02%
1979-01
Close
-4.02%
1 data points
High
-4.02%
Dec 31
Low
-4.02%
Dec 31
Full Year Change
+0.00%

Monthly Breakdown

MonthOpenCloseHighLowChange
Dec-4.02%-4.02%-4.02%-4.02%+0.00%

Events During 1979

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.

Next Year
Mexico Current Account (% GDP, WEO) in 1980→

Related Metrics

US Real GDP Growth (WEO)
1979
Canada Real GDP Growth (WEO)
1979
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1979
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1979
UK Real GDP Growth (WEO)
1979

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