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Historical Year Data · 1988

Australia Credit-to-GDP Gap in 1988

Australia Credit-to-GDP Gap opened 1988 at 15.8 and closed at 14.2, a -10.13% move for the year. The high of 17.5 was reached on June 30, and the low of 14.2 on December 31.

Open
15.8
1988-01
Close
14.2
4 data points
High
17.5
Jun 30
Low
14.2
Dec 31
Full Year Change
-10.13%
1987 Change
+12.12%

Monthly Breakdown

MonthOpenCloseHighLowChange
Mar15.815.815.815.8+0.00%
Jun17.517.517.517.5+0.00%
Sep16.516.516.516.5+0.00%
Dec14.214.214.214.2+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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Related Metrics

US Credit-to-GDP Gap
1988
China Credit-to-GDP Gap
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Japan Credit-to-GDP Gap
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Euro Area Credit-to-GDP Gap
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UK Credit-to-GDP Gap
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Germany Credit-to-GDP Gap
1988

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