Historical Year Data · 2002

Nominal GDP in 2002

Nominal GDP opened 2002 at $11B and closed at $11B, a +2.58% move for the year. The high of $11B was reached on October 1, and the low of $11B on January 1.

Open

$11B

2002-01

$11B

4 data points

High

$11B

Oct 1

Low

$11B

Jan 1

Full Year Change

+2.58%

2001 Change

+1.82%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	$11B	$11B	$11B	$11B	+0.00%
Apr	$11B	$11B	$11B	$11B	+0.00%
Jul	$11B	$11B	$11B	$11B	+0.00%
Oct	$11B	$11B	$11B	$11B	+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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