Historical Year Data · 1989

Canada Credit-to-GDP Gap in 1989

Canada Credit-to-GDP Gap opened 1989 at 2.9 and closed at 7, a +141.38% move for the year. The high of 7 was reached on December 31, and the low of 2.9 on March 31.

Open

2.9

1989-01

4 data points

High

Dec 31

Low

2.9

Mar 31

Full Year Change

+141.38%

1988 Change

+261.54%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	2.9	2.9	2.9	2.9	+0.00%
Jun	4.1	4.1	4.1	4.1	+0.00%
Sep	5.4	5.4	5.4	5.4	+0.00%
Dec	7	7	7	7	+0.00%

Events During 1989

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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