Historical Year Data · 1999
US Credit-to-GDP Gap in 1999
US Credit-to-GDP Gap opened 1999 at 2.2 and closed at 4.2, a +90.91% move for the year. The high of 4.2 was reached on December 31, and the low of 2.2 on March 31.
Open
2.2
1999-01
Close
4.2
4 data points
High
4.2
Dec 31
Low
2.2
Mar 31
Full Year Change
+90.91%
1998 Change
+184.21%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Mar | 2.2 | 2.2 | 2.2 | 2.2 | +0.00% |
| Jun | 2.7 | 2.7 | 2.7 | 2.7 | +0.00% |
| Sep | 3.9 | 3.9 | 3.9 | 3.9 | +0.00% |
| Dec | 4.2 | 4.2 | 4.2 | 4.2 | +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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