Historical Year Data · 1979

Germany Current Account (% GDP, WEO) in 1979

Germany Current Account (% GDP, WEO) opened 1979 at -0.61% and closed at -0.61%, a +0.00% move for the year. The high of -0.61% was reached on December 31, and the low of -0.61% on December 31.

Open

-0.61%

1979-01

-0.61%

1 data points

High

-0.61%

Dec 31

Low

-0.61%

Dec 31

Full Year Change

+0.00%

1978 Change

+0.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Dec	-0.61%	-0.61%	-0.61%	-0.61%	+0.00%

Events During 1979

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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