Historical Year Data · 2002

Australia Credit-to-GDP Gap in 2002

Australia Credit-to-GDP Gap opened 2002 at 2.2 and closed at 5.5, a +150.00% move for the year. The high of 6.2 was reached on September 30, and the low of 2.2 on March 31.

Open

2.2

2002-01

5.5

4 data points

High

6.2

Sep 30

Low

2.2

Mar 31

Full Year Change

+150.00%

2001 Change

-57.89%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	2.2	2.2	2.2	2.2	+0.00%
Jun	4.6	4.6	4.6	4.6	+0.00%
Sep	6.2	6.2	6.2	6.2	+0.00%
Dec	5.5	5.5	5.5	5.5	+0.00%

Events During 2002

1990 Japanese Bubble Collapse

Deflation

January 1990 – 2003

The Nikkei 225 peaked at 38,957 on December 29, 1989, then fell 82% over 13 years. Japan entered its "lost decades" of deflation, zero rates, and structural stagnation that still shapes global markets today.

1998 Euro Launch & 1999 Introduction

Goldilocks

May 1998 – January 2002

Eleven European Union members locked exchange rates on January 1, 1999, creating the euro as a virtual currency. Physical notes and coins circulated from January 1, 2002. The euro became the largest monetary experiment since Bretton Woods.

2000 Dotcom Crash

Deflation

March 2000 – October 2002

The Nasdaq Composite peaked at 5,048 on March 10, 2000 and fell 78% over 31 months. Internet companies went bankrupt en masse. The crash reshaped venture capital, corporate governance, and accounting standards.

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