Historical Year Data · 2002

Germany Credit-to-GDP Gap in 2002

Germany Credit-to-GDP Gap opened 2002 at 10.3 and closed at 9.9, a -3.88% move for the year. The high of 11 was reached on June 30, and the low of 9.9 on December 31.

Open

10.3

2002-01

9.9

4 data points

High

Jun 30

Low

9.9

Dec 31

Full Year Change

-3.88%

2001 Change

-19.46%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	10.3	10.3	10.3	10.3	+0.00%
Jun	11	11	11	11	+0.00%
Sep	10.2	10.2	10.2	10.2	+0.00%
Dec	9.9	9.9	9.9	9.9	+0.00%

Events During 2002

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.

2000 Dotcom Crash

Deflation

March 2000 – October 2002

The Nasdaq Composite peaked at 5,048 on March 10, 2000 and fell 78% over 31 months. Internet companies went bankrupt en masse. The crash reshaped venture capital, corporate governance, and accounting standards.

Previous Year

← Germany Credit-to-GDP Gap in 2001

Next Year

Germany Credit-to-GDP Gap in 2003→