Historical Year Data · 1982
Turkey Current Account (% GDP, WEO) in 1982
Turkey Current Account (% GDP, WEO) opened 1982 at -1.48% and closed at -1.48%, a +0.00% move for the year. The high of -1.48% was reached on December 31, and the low of -1.48% on December 31.
Open
-1.48%
1982-01
Close
-1.48%
1 data points
High
-1.48%
Dec 31
Low
-1.48%
Dec 31
Full Year Change
+0.00%
1981 Change
+0.00%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Dec | -1.48% | -1.48% | -1.48% | -1.48% | +0.00% |
Events During 1982
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.
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.
Related Metrics
Get historical context as markets unfold, regime classification, scenario triggers, and analysis in your inbox.