Historical Year Data · 1997
Spain Unemployment Rate (WEO) in 1997
Spain Unemployment Rate (WEO) opened 1997 at 20.70% and closed at 20.70%, a +0.00% move for the year. The high of 20.70% was reached on December 31, and the low of 20.70% on December 31.
Open
20.70%
1997-01
Close
20.70%
1 data points
High
20.70%
Dec 31
Low
20.70%
Dec 31
Full Year Change
+0.00%
1996 Change
+0.00%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Dec | 20.70% | 20.70% | 20.70% | 20.70% | +0.00% |
Events During 1997
1990 Japanese Bubble Collapse
Deflation
January 1990 – 2003
The Nikkei 225 peaked at 38,957 on December 29, 1989, then fell 82% over 13 years. Japan entered its "lost decades" of deflation, zero rates, and structural stagnation that still shapes global markets today.
1997 Asian Financial Crisis
Deflation
July 1997 – 1998
Thailand's forced devaluation of the baht on July 2, 1997 triggered contagion across Southeast Asia. Indonesia, Korea, and Malaysia saw currency collapses, sovereign debt crises, and economic contractions of 10-15%.
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