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Historical Year Data · 1988

South Korea Current Account (% GDP, WEO) in 1988

South Korea Current Account (% GDP, WEO) opened 1988 at 6.21% and closed at 6.21%, a +0.00% move for the year. The high of 6.21% was reached on December 31, and the low of 6.21% on December 31.

Open
6.21%
1988-01
Close
6.21%
1 data points
High
6.21%
Dec 31
Low
6.21%
Dec 31
Full Year Change
+0.00%
1987 Change
+0.00%

Monthly Breakdown

MonthOpenCloseHighLowChange
Dec6.21%6.21%6.21%6.21%+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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Related Metrics

US Real GDP Growth (WEO)
1988
Canada Real GDP Growth (WEO)
1988
Mexico Real GDP Growth (WEO)
1988
Brazil Real GDP Growth (WEO)
1988
Argentina Real GDP Growth (WEO)
1988
UK Real GDP Growth (WEO)
1988

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