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Historical Year Data · 1981

Argentina Real GDP Growth (WEO) in 1981

Argentina Real GDP Growth (WEO) opened 1981 at -5.19% and closed at -5.19%, a +0.00% move for the year. The high of -5.19% was reached on December 31, and the low of -5.19% on December 31.

Open
-5.19%
1981-01
Close
-5.19%
1 data points
High
-5.19%
Dec 31
Low
-5.19%
Dec 31
Full Year Change
+0.00%
1980 Change
+0.00%

Monthly Breakdown

MonthOpenCloseHighLowChange
Dec-5.19%-5.19%-5.19%-5.19%+0.00%

Events During 1981

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.

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