Historical Year Data · 1989

Canada Credit-to-GDP Gap in 1989

Canada Credit-to-GDP Gap opened 1989 at 2.91 and closed at 7.04, a +141.65% move for the year. The high of 7.04 was reached on December 31, and the low of 2.91 on March 31.

Open

2.91

1989-01

7.04

4 data points

High

7.04

Dec 31

Low

2.91

Mar 31

Full Year Change

+141.65%

1988 Change

+261.87%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	2.91	2.91	2.91	2.91	+0.00%
Jun	4.07	4.07	4.07	4.07	+0.00%
Sep	5.41	5.41	5.41	5.41	+0.00%
Dec	7.04	7.04	7.04	7.04	+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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Related Metrics

US Credit-to-GDP Gap

1989

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

1989

Germany Credit-to-GDP Gap

1989

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Historical Year Data · 1989

Canada Credit-to-GDP Gap in 1989

Canada Credit-to-GDP Gap opened 1989 at 2.91 and closed at 7.04, a +141.65% move for the year. The high of 7.04 was reached on December 31, and the low of 2.91 on March 31.