Historical Year Data · 1999
Spain Credit-to-GDP Gap in 1999
Spain Credit-to-GDP Gap opened 1999 at 9.7 and closed at 18.4, a +89.69% move for the year. The high of 18.4 was reached on December 31, and the low of 9.7 on March 31.
Open
9.7
1999-01
Close
18.4
4 data points
High
18.4
Dec 31
Low
9.7
Mar 31
Full Year Change
+89.69%
1998 Change
+293.75%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Mar | 9.7 | 9.7 | 9.7 | 9.7 | +0.00% |
| Jun | 15.9 | 15.9 | 15.9 | 15.9 | +0.00% |
| Sep | 16.3 | 16.3 | 16.3 | 16.3 | +0.00% |
| Dec | 18.4 | 18.4 | 18.4 | 18.4 | +0.00% |
Events During 1999
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.
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