Historical Year Data · 1981

Spain Credit-to-GDP Gap in 1981

Spain Credit-to-GDP Gap opened 1981 at -3.69 and closed at 1.31, a +135.55% move for the year. The high of 1.31 was reached on December 31, and the low of -3.69 on March 31.

Open

-3.69

1981-01

1.31

4 data points

High

1.31

Dec 31

Low

-3.69

Mar 31

Full Year Change

+135.55%

1980 Change

+44.36%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	-3.69	-3.69	-3.69	-3.69	+0.00%
Jun	-2.36	-2.36	-2.36	-2.36	+0.00%
Sep	-1.36	-1.36	-1.36	-1.36	+0.00%
Dec	1.31	1.31	1.31	1.31	+0.00%

Events During 1981

1979 Volcker Shock

Stagflation

October 1979 – August 1982

Paul Volcker's Fed raised interest rates to 20% to break entrenched inflation. The policy triggered the deepest post-war recession but ended the stagflation era and established inflation-targeting credibility.

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1981

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Historical Year Data · 1981

Spain Credit-to-GDP Gap in 1981

Spain Credit-to-GDP Gap opened 1981 at -3.69 and closed at 1.31, a +135.55% move for the year. The high of 1.31 was reached on December 31, and the low of -3.69 on March 31.