Australia Current Account (% GDP, WEO) in 1999
Australia Current Account (% GDP, WEO) opened 1999 at -5.58% and closed at -5.58%, a +0.00% move for the year. The high of -5.58% was reached on December 31, and the low of -5.58% on December 31.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Dec | -5.58% | -5.58% | -5.58% | -5.58% | +0.00% |
Events During 1999
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.
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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