Historical Year Data · 1989

Germany Current Account (% GDP, WEO) in 1989

Germany Current Account (% GDP, WEO) opened 1989 at 4.06% and closed at 4.06%, a +0.00% move for the year. The high of 4.06% was reached on December 31, and the low of 4.06% on December 31.

Open

4.06%

1989-01

4.06%

1 data points

High

4.06%

Dec 31

Low

4.06%

Dec 31

Full Year Change

+0.00%

1988 Change

+0.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Dec	4.06%	4.06%	4.06%	4.06%	+0.00%

Events During 1989

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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