Historical Year Data · 2002

Spain Credit-to-GDP Gap in 2002

Spain Credit-to-GDP Gap opened 2002 at 28.7 and closed at 27, a -5.92% move for the year. The high of 28.7 was reached on March 31, and the low of 26.4 on September 30.

Open

28.7

2002-01

4 data points

High

28.7

Mar 31

Low

26.4

Sep 30

Full Year Change

-5.92%

2001 Change

+10.42%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	28.7	28.7	28.7	28.7	+0.00%
Jun	28	28	28	28	+0.00%
Sep	26.4	26.4	26.4	26.4	+0.00%
Dec	27	27	27	27	+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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