Historical Year Data · 2003

Spain Credit-to-GDP Gap in 2003

Spain Credit-to-GDP Gap opened 2003 at 26.19 and closed at 28.47, a +8.72% move for the year. The high of 28.47 was reached on December 31, and the low of 26.03 on September 30.

Open

26.19

2003-01

28.47

4 data points

High

28.47

Dec 31

Low

26.03

Sep 30

Full Year Change

+8.72%

2002 Change

-5.65%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	26.19	26.19	26.19	26.19	+0.00%
Jun	26.47	26.47	26.47	26.47	+0.00%
Sep	26.03	26.03	26.03	26.03	+0.00%
Dec	28.47	28.47	28.47	28.47	+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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Historical Year Data · 2003

Spain Credit-to-GDP Gap in 2003

Spain Credit-to-GDP Gap opened 2003 at 26.19 and closed at 28.47, a +8.72% move for the year. The high of 28.47 was reached on December 31, and the low of 26.03 on September 30.