Historical Year Data · 1988

US Credit-to-GDP Gap in 1988

US Credit-to-GDP Gap opened 1988 at 8.77 and closed at 8.17, a -6.91% move for the year. The high of 8.92 was reached on June 30, and the low of 8.17 on December 31.

Open

8.77

1988-01

8.17

4 data points

High

8.92

Jun 30

Low

8.17

Dec 31

Full Year Change

-6.91%

1987 Change

+6.58%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	8.77	8.77	8.77	8.77	+0.00%
Jun	8.92	8.92	8.92	8.92	+0.00%
Sep	8.31	8.31	8.31	8.31	+0.00%
Dec	8.17	8.17	8.17	8.17	+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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Historical Year Data · 1988

US Credit-to-GDP Gap in 1988

US Credit-to-GDP Gap opened 1988 at 8.77 and closed at 8.17, a -6.91% move for the year. The high of 8.92 was reached on June 30, and the low of 8.17 on December 31.