Historical Year Data · 1982
US Current Account (% GDP, WEO) in 1982
US Current Account (% GDP, WEO) opened 1982 at -0.35% and closed at -0.35%, a +0.00% move for the year. The high of -0.35% was reached on December 31, and the low of -0.35% on December 31.
Open
-0.35%
1982-01
Close
-0.35%
1 data points
High
-0.35%
Dec 31
Low
-0.35%
Dec 31
Full Year Change
+0.00%
1981 Change
+0.00%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Dec | -0.35% | -0.35% | -0.35% | -0.35% | +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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