Historical Year Data · 1988

Australia Credit-to-GDP Gap in 1988

Australia Credit-to-GDP Gap opened 1988 at 15.78 and closed at 14.22, a -9.91% move for the year. The high of 17.53 was reached on June 30, and the low of 14.22 on December 31.

Open

15.78

1988-01

14.22

4 data points

High

17.53

Jun 30

Low

14.22

Dec 31

Full Year Change

-9.91%

1987 Change

+12.03%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	15.78	15.78	15.78	15.78	+0.00%
Jun	17.53	17.53	17.53	17.53	+0.00%
Sep	16.53	16.53	16.53	16.53	+0.00%
Dec	14.22	14.22	14.22	14.22	+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

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Euro Area Credit-to-GDP Gap

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1988

Germany Credit-to-GDP Gap

1988

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Historical Year Data · 1988

Australia Credit-to-GDP Gap in 1988

Australia Credit-to-GDP Gap opened 1988 at 15.78 and closed at 14.22, a -9.91% move for the year. The high of 17.53 was reached on June 30, and the low of 14.22 on December 31.