Historical Year Data · 1988

Canada Credit-to-GDP Gap in 1988

Canada Credit-to-GDP Gap opened 1988 at -1.3 and closed at 2.1, a +261.54% move for the year. The high of 2.1 was reached on December 31, and the low of -1.3 on March 31.

Open

-1.3

1988-01

2.1

4 data points

High

2.1

Dec 31

Low

-1.3

Mar 31

Full Year Change

+261.54%

1987 Change

+52.94%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	-1.3	-1.3	-1.3	-1.3	+0.00%
Jun	-0.3	-0.3	-0.3	-0.3	+0.00%
Sep	1.3	1.3	1.3	1.3	+0.00%
Dec	2.1	2.1	2.1	2.1	+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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