Historical Year Data · 2002

Real GDP in 2002

Real GDP opened 2002 at $14B and closed at $15B, a +1.15% move for the year. The high of $15B was reached on October 1, and the low of $14B on January 1.

Open

$14B

2002-01

$15B

4 data points

High

$15B

Oct 1

Low

$14B

Jan 1

Full Year Change

+1.15%

2001 Change

+0.50%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	$14B	$14B	$14B	$14B	+0.00%
Apr	$14B	$14B	$14B	$14B	+0.00%
Jul	$15B	$15B	$15B	$15B	+0.00%
Oct	$15B	$15B	$15B	$15B	+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.