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Historical Year Data · 1981

Australia Real GDP Growth (WEO) in 1981

Australia Real GDP Growth (WEO) opened 1981 at 3.34% and closed at 3.34%, a +0.00% move for the year. The high of 3.34% was reached on December 31, and the low of 3.34% on December 31.

Open
3.34%
1981-01
Close
3.34%
1 data points
High
3.34%
Dec 31
Low
3.34%
Dec 31
Full Year Change
+0.00%
1980 Change
+0.00%

Monthly Breakdown

MonthOpenCloseHighLowChange
Dec3.34%3.34%3.34%3.34%+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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