Historical Year Data · 1988

US Current Account (% GDP, WEO) in 1988

US Current Account (% GDP, WEO) opened 1988 at -2.32% and closed at -2.32%, a +0.00% move for the year. The high of -2.32% was reached on December 31, and the low of -2.32% on December 31.

Open

-2.32%

1988-01

-2.32%

1 data points

High

-2.32%

Dec 31

Low

-2.32%

Dec 31

Full Year Change

+0.00%

1987 Change

+0.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Dec	-2.32%	-2.32%	-2.32%	-2.32%	+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.

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