Historical Year Data · 2003

Australia Credit-to-GDP Gap in 2003

Australia Credit-to-GDP Gap opened 2003 at 5.1 and closed at 8.9, a +74.51% move for the year. The high of 8.9 was reached on December 31, and the low of 5.1 on March 31.

Open

5.1

2003-01

8.9

4 data points

High

8.9

Dec 31

Low

5.1

Mar 31

Full Year Change

+74.51%

2002 Change

+150.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	5.1	5.1	5.1	5.1	+0.00%
Jun	6.7	6.7	6.7	6.7	+0.00%
Sep	6.8	6.8	6.8	6.8	+0.00%
Dec	8.9	8.9	8.9	8.9	+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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