Historical Year Data · 1991

Spain Credit-to-GDP Gap in 1991

Spain Credit-to-GDP Gap opened 1991 at 2.5 and closed at 3.6, a +44.00% move for the year. The high of 3.6 was reached on December 31, and the low of 2.5 on March 31.

Open

2.5

1991-01

3.6

4 data points

High

3.6

Dec 31

Low

2.5

Mar 31

Full Year Change

+44.00%

1990 Change

+100.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	2.5	2.5	2.5	2.5	+0.00%
Jun	3.4	3.4	3.4	3.4	+0.00%
Sep	3	3	3	3	+0.00%
Dec	3.6	3.6	3.6	3.6	+0.00%

Events During 1991

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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