Historical Year Data · 2003

Spain Credit-to-GDP Gap in 2003

Spain Credit-to-GDP Gap opened 2003 at 26.2 and closed at 28.5, a +8.78% move for the year. The high of 28.5 was reached on December 31, and the low of 26 on September 30.

Open

26.2

2003-01

28.5

4 data points

High

28.5

Dec 31

Low

Sep 30

Full Year Change

+8.78%

2002 Change

-5.92%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	26.2	26.2	26.2	26.2	+0.00%
Jun	26.5	26.5	26.5	26.5	+0.00%
Sep	26	26	26	26	+0.00%
Dec	28.5	28.5	28.5	28.5	+0.00%

Events During 2003

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.

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