Historical Year Data · 1999
UK Credit-to-GDP Gap in 1999
UK Credit-to-GDP Gap opened 1999 at 0.7 and closed at 3.7, a +428.57% move for the year. The high of 3.7 was reached on December 31, and the low of 0.7 on March 31.
Open
0.7
1999-01
Close
3.7
4 data points
High
3.7
Dec 31
Low
0.7
Mar 31
Full Year Change
+428.57%
1998 Change
+75.38%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Mar | 0.7 | 0.7 | 0.7 | 0.7 | +0.00% |
| Jun | 2.6 | 2.6 | 2.6 | 2.6 | +0.00% |
| Sep | 2.7 | 2.7 | 2.7 | 2.7 | +0.00% |
| Dec | 3.7 | 3.7 | 3.7 | 3.7 | +0.00% |
Events During 1999
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.
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