Historical Year Data · 1981

UK Real GDP in 1981

UK Real GDP opened 1981 at 281,257 and closed at 285,814, a +1.62% move for the year. The high of 285,814 was reached on October 1, and the low of 281,257 on January 1.

Open

281,257

1981-01

285,814

4 data points

High

285,814

Oct 1

Low

281,257

Jan 1

Full Year Change

+1.62%

1980 Change

-3.06%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	281,257	281,257	281,257	281,257	+0.00%
Apr	282,155	282,155	282,155	282,155	+0.00%
Jul	285,437	285,437	285,437	285,437	+0.00%
Oct	285,814	285,814	285,814	285,814	+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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