Historical Year Data · 2002

France Credit-to-GDP Gap in 2002

France Credit-to-GDP Gap opened 2002 at 3.4 and closed at 1.5, a -55.88% move for the year. The high of 3.4 was reached on March 31, and the low of 1.5 on December 31.

Open

3.4

2002-01

1.5

4 data points

High

3.4

Mar 31

Low

1.5

Dec 31

Full Year Change

-55.88%

2001 Change

+142.86%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	3.4	3.4	3.4	3.4	+0.00%
Jun	2.6	2.6	2.6	2.6	+0.00%
Sep	1.6	1.6	1.6	1.6	+0.00%
Dec	1.5	1.5	1.5	1.5	+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.

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