Historical Year Data · 2003

Germany Credit-to-GDP Gap in 2003

Germany Credit-to-GDP Gap opened 2003 at 9.3 and closed at 6.5, a -30.11% move for the year. The high of 9.3 was reached on March 31, and the low of 6.5 on December 31.

Open

9.3

2003-01

6.5

4 data points

High

9.3

Mar 31

Low

6.5

Dec 31

Full Year Change

-30.11%

2002 Change

-3.88%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	9.3	9.3	9.3	9.3	+0.00%
Jun	9.3	9.3	9.3	9.3	+0.00%
Sep	8.2	8.2	8.2	8.2	+0.00%
Dec	6.5	6.5	6.5	6.5	+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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