Historical Year Data · 1985
Spain Credit-to-GDP Gap in 1985
Spain Credit-to-GDP Gap opened 1985 at -6.1 and closed at -6.1, a +0.00% move for the year. The high of -5.6 was reached on June 30, and the low of -7.2 on September 30.
Open
-6.1
1985-01
Close
-6.1
4 data points
High
-5.6
Jun 30
Low
-7.2
Sep 30
Full Year Change
+0.00%
1984 Change
-3.45%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Mar | -6.1 | -6.1 | -6.1 | -6.1 | +0.00% |
| Jun | -5.6 | -5.6 | -5.6 | -5.6 | +0.00% |
| Sep | -7.2 | -7.2 | -7.2 | -7.2 | +0.00% |
| Dec | -6.1 | -6.1 | -6.1 | -6.1 | +0.00% |
Events During 1985
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.
1985 Plaza Accord
Reflation
September 22, 1985
G5 finance ministers agreed at the Plaza Hotel in New York to coordinate intervention that weakened the dollar. The accord engineered a 50% decline in DXY over two years and set the stage for the 1987 crash and Japan's bubble.
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