Historical Year Data · 1981

Turkey Current Account (% GDP, WEO) in 1981

Turkey Current Account (% GDP, WEO) opened 1981 at -2.72% and closed at -2.72%, a +0.00% move for the year. The high of -2.72% was reached on December 31, and the low of -2.72% on December 31.

Open

-2.72%

1981-01

-2.72%

1 data points

High

-2.72%

Dec 31

Low

-2.72%

Dec 31

Full Year Change

+0.00%

1980 Change

+0.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Dec	-2.72%	-2.72%	-2.72%	-2.72%	+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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