Historical Year Data · 1999
Italy Credit-to-GDP Gap in 1999
Italy Credit-to-GDP Gap opened 1999 at 0 and closed at 5.9, a +0.00% move for the year. The high of 5.9 was reached on December 31, and the low of 0 on March 31.
Open
0
1999-01
Close
5.9
4 data points
High
5.9
Dec 31
Low
0
Mar 31
Full Year Change
+0.00%
1998 Change
+400.00%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Mar | 0 | 0 | 0 | 0 | +0.00% |
| Jun | 3 | 3 | 3 | 3 | +0.00% |
| Sep | 3.5 | 3.5 | 3.5 | 3.5 | +0.00% |
| Dec | 5.9 | 5.9 | 5.9 | 5.9 | +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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