Area
|
Country
|
Date
|
Type, causes, consequences, and references
|
Asia |
Republic of China (1912–49) |
1921 |
[citation needed]
|
Asia |
Republic of China (1912–49) |
1932 |
[2]
|
Asia |
Republic of China (1912–49) |
1939 |
[citation needed][3]
|
Asia |
Indonesia |
1966 |
[citation needed]
|
Asia |
Iran |
1990 |
[citation needed]
|
Asia |
Iran |
1992 |
[citation needed]
|
Asia |
Japan |
1942 |
[citation needed]
|
Asia |
Japan |
1946–52 |
Due to the over-issued national bond amounted more than twice as GDP, bank accounts were blocked (bank blockade [ja]) [2]
|
Asia |
Jordan |
1989 |
[citation needed]
|
Asia |
Kuwait |
1990–91 |
[2]
|
Asia |
Lebanon |
2020 |
Lebanon defaulted on US$1.2 billion in Eurobonds.[4]
|
Asia |
Myanmar |
1984 |
[2]
|
Asia |
Myanmar |
1987 |
[2]
|
Asia |
Myanmar |
2002 |
[citation needed]
|
Asia |
Mongolia |
1997–2000 |
[2]
|
Asia |
North Korea |
1975–1990 |
[5]
|
Asia |
The Philippines |
1983 |
[citation needed]
|
Asia |
Solomon Islands |
1995–2004 |
[2]
|
Asia
|
Sri Lanka
|
2022
|
2019–present Sri Lankan economic crisis[6][7]
|
Asia |
Thailand |
1997–2007 |
1997 Asian financial crisis.
|
Asia |
Turkey |
1931 |
[citation needed]
|
Asia |
Turkey |
1940 |
[citation needed]
|
Asia |
Turkey |
1978 |
[citation needed]
|
Asia |
Turkey |
1982 |
[citation needed]
|
Asia |
Vietnam |
1975 |
[2]
|
Europe/Asia |
Ottoman Empire |
1876 |
[citation needed]
|
Europe/Asia |
Ottoman Empire |
1915 |
[citation needed]
|
Europe |
Albania |
1990 |
[citation needed]
|
Europe |
Archduchy of Austria |
1796 |
[citation needed]
|
Europe |
Archduchy of Austria |
1802 |
[citation needed]
|
Europe |
Austrian Empire |
1811 |
[8]
|
Europe |
Austrian Empire |
1816 |
Caused by the War of the Sixth Coalition. Ended by the establishment of Austria's central bank Oesterreichische Nationalbank.[8]
|
Europe |
Austria-Hungary |
1868 |
[citation needed]
|
Europe |
Austria |
1938 |
[citation needed]
|
Europe |
Austria |
1940 |
[citation needed]
|
Europe |
Austria |
1945 |
[2]
|
Europe |
Bulgaria |
1932 |
[citation needed]
|
Europe |
Bulgaria |
1990 |
[citation needed]
|
Europe |
Croatia |
1993–96 |
[2]
|
Europe |
Denmark |
1813 |
Danish state bankruptcy of 1813.[2]
|
Europe |
France |
1812 |
State spending during the Napoleonic Wars was extremely high due in large manner to the high level of military expenditures.
|
Europe |
Germany |
1932 |
Under the Versailles Treaty ending the First World War, Germany was forced to make war reparations. The Young Plan of 1929 was meant to settle the structure, but after the Wall Street Crash, repayments were becoming impossible. In the Lausanne Conference of 1932, the UK and France agreed to a suspension of payments. The US Congress rejected it, but payments were never continued.
|
Europe |
Germany |
1939 |
[citation needed]
|
Europe |
Germany |
1948 |
See London Agreement on German External Debts[2]
|
Europe |
Germany - Hesse |
1814 |
[citation needed]
|
Europe |
Germany - Prussia |
1807 |
[citation needed]
|
Europe |
Germany - Prussia |
1813 |
[citation needed]
|
Europe |
Germany - Schleswig-Holstein |
1850 |
[citation needed]
|
Europe |
Germany - Westphalia |
1812 |
[citation needed]
|
Europe |
Greece |
1826 |
[citation needed]
|
Europe |
Greece |
1843 |
[citation needed]
|
Europe |
Greece |
1860 |
[citation needed]
|
Europe |
Greece |
1893 |
[citation needed]
|
Europe |
Greece |
1932 |
[citation needed]
|
Europe |
Greece |
2012 |
[9]
|
Europe |
Greece |
2015 |
Due to the Greek government-debt crisis, Greece failed to make a €1.6 billion payment to the IMF on time (payment was made with a 20-day delay[10][11]).
|
Europe |
Hungary |
1932 |
[citation needed]
|
Europe |
Hungary |
1941 |
[citation needed]
|
Europe |
Poland |
1936 |
[citation needed]
|
Europe |
Poland |
1981 |
[citation needed]
|
Europe |
Netherlands |
1814 |
Instability resulting from the rule of Napoleon I in France
|
Europe |
Portugal |
1828 |
[citation needed]
|
Europe |
Portugal |
1837 |
[citation needed]
|
Europe |
Portugal |
1841 |
[citation needed]
|
Europe |
Portugal |
1845 |
[citation needed]
|
Europe |
Portugal |
1852 |
[citation needed]
|
Europe |
Portugal |
1890 |
[citation needed]
|
Europe |
Romania |
1933 |
[citation needed]
|
Europe |
Russia |
1839 |
[citation needed]
|
Europe |
Russia |
1885 |
[citation needed]
|
Europe |
Russia |
1918 |
Repudiation of Tsarist debts by Bolshevik revolutionaries.[12]
|
Europe |
Russia |
1998 |
After world commodity prices dropped on major Russian exports (particularly metals and oil) the 1998 Russian financial crisis ensued. Mounting debts led to the government declaring a moratorium on payments to international creditors.
|
Europe |
Russia |
2022 |
2022 Russian debt default[13]
|
Europe |
Soviet Union |
1947 |
[2]
|
Europe |
Soviet Union |
1957 |
[2]
|
Europe |
Soviet Union |
1991 |
In its final monetary reform, the government retired all large ruble notes with severe limits on exchange.
|
Europe |
Spain |
1557 |
[14]
|
Europe |
Spain |
1575 |
[14]
|
Europe |
Spain |
1596 |
[14]
|
Europe |
Spain |
1607 |
[14]
|
Europe |
Spain |
1627 |
[14]
|
Europe |
Spain |
1647 |
[14]
|
Europe |
Spain |
1652 |
[14]
|
Europe |
Spain |
1662 |
[14]
|
Europe |
Spain |
1666 |
[14]
|
Europe |
Spain |
1809 |
[citation needed]
|
Europe |
Spain |
1820 |
[citation needed]
|
Europe |
Spain |
1831 |
[citation needed]
|
Europe |
Spain |
1834 |
[citation needed]
|
Europe |
Spain |
1851 |
[citation needed]
|
Europe |
Spain |
1867 |
[citation needed]
|
Europe |
Spain |
1872 |
[citation needed]
|
Europe |
Spain |
1882 |
[citation needed]
|
Europe |
Spain |
1936–39 |
[2]
|
Europe |
Sweden |
1812 |
Military expenditures as a consequence of the Napoleonic Wars.[citation needed]
|
Europe |
Ukraine |
1998–2000 |
[2]
|
Europe |
United Kingdom |
1822 |
[citation needed]
|
Europe |
United Kingdom |
1834 |
[citation needed]
|
Europe |
United Kingdom |
1888–89 |
[citation needed]
|
Europe |
United Kingdom |
1932 |
See War bond § United Kingdom[15][2]
|
Europe |
United Kingdom |
1976 |
The 1976 IMF Crisis was a financial crisis in the United Kingdom in 1976 which forced the government to borrow US$3.9 billion (US$17.2 billion in 2018) from the International Monetary Fund, the largest loan ever to have been requested from the IMF.[citation needed]
|
Europe |
Yugoslavia |
1983 |
Avoided default through a multinational emergency loan.[citation needed]
|
Africa |
Algeria |
1991 |
[citation needed]
|
Africa |
Angola |
1976 |
[2]
|
Africa |
Angola |
1985 |
|
Africa |
Angola |
1992–2002 |
[2]
|
Africa |
Cameroon |
2004 |
[2]
|
Africa |
Central African Republic |
1981 |
[citation needed]
|
Africa |
Central African Republic |
1983 |
[citation needed]
|
Africa |
Côte d'Ivoire |
1983 |
[citation needed]
|
Africa |
Côte d'Ivoire |
2000 |
[citation needed]
|
Africa |
Côte d'Ivoire |
2011 |
[citation needed]
|
Africa |
Egypt |
1876 |
The crisis will cause the ʻUrabi revolt and the subsequent British invasion of Egypt.
|
Africa |
Egypt |
1984 |
[citation needed]
|
Africa |
Gabon |
1999–2005 |
[2]
|
Africa |
Ghana |
1979 |
[citation needed]
|
Africa |
Ghana |
1982 |
[2]
|
Africa |
Liberia |
1989–2006 |
[2]
|
Africa |
Kenya |
1994 |
[citation needed]
|
Africa |
Kenya |
2000 |
[citation needed]
|
Africa |
Madagascar |
2002 |
[2]
|
Africa |
Morocco |
1983 |
[citation needed]
|
Africa |
Morocco |
1994 |
[citation needed]
|
Africa |
Morocco |
2000 |
[citation needed]
|
Africa |
Mozambique |
1980 |
[2]
|
Africa |
Nigeria |
1982 |
[citation needed]
|
Africa |
Nigeria |
1986 |
[citation needed]
|
Africa |
Nigeria |
1992 |
[citation needed]
|
Africa |
Nigeria |
2001 |
[citation needed]
|
Africa |
Nigeria |
2004 |
[citation needed]
|
Africa |
Rhodesia |
1965 |
[citation needed]
|
Africa |
Rwanda |
1995 |
[2]
|
Africa |
Sierra Leone |
1997–98 |
[2]
|
Africa |
South Africa |
1985 |
[citation needed]
|
Africa |
South Africa |
1989 |
[citation needed]
|
Africa |
South Africa |
1993 |
[citation needed]
|
Africa |
Sudan |
1991 |
[2]
|
Africa |
Tunisia |
1867 |
[citation needed]
|
Africa |
Tunisia |
1986 |
[16]
|
Africa |
Zaire |
1979 |
[2]
|
Africa |
Zambia |
1983 |
[citation needed]
|
Africa |
Zimbabwe |
2000 |
[citation needed]
|
Africa |
Zimbabwe |
2006 |
See Hyperinflation in Zimbabwe[2]
|
Americas |
Antigua and Barbuda |
1998–2005 |
[2]
|
Americas |
Argentina |
1827 |
Default.[17]
|
Americas |
Argentina |
1890 |
Baring crisis[17]
|
Americas |
Argentina |
1982 |
Latin American debt crisis[17]
|
Americas |
Argentina |
1988–89 |
Latin American debt crisis[17]
|
Americas |
Argentina |
2001 |
Following years of instability, the Argentine economic crisis (1999–2002) came to a head, and a new government announced it could not meet its public debt obligations.[17]
|
Americas |
Argentina |
2005–16 |
Argentine debt restructuring.
|
Americas |
Argentina |
2014 |
[18][19]
|
Americas |
Argentina |
2020 |
[20]
|
Americas |
Barbados |
2018 |
Defaulted on its Eurobonds after the uncovering of its high sovereign debt in terms of debt-to-GDP ratio.[21]
|
Americas |
Bolivia |
1875 |
[citation needed]
|
Americas |
Bolivia |
1927 |
[2]
|
Americas |
Bolivia |
1931 |
[citation needed]
|
Americas |
Bolivia |
1980 |
Latin American debt crisis[citation needed]
|
Americas |
Bolivia |
1986 |
Latin American debt crisis[citation needed]
|
Americas |
Bolivia |
1989 |
Latin American debt crisis[citation needed]
|
Americas |
Brazil |
1898 |
[citation needed]
|
Americas |
Brazil |
1902 |
[citation needed]
|
Americas |
Brazil |
1914 |
[citation needed]
|
Americas |
Brazil |
1931 |
[citation needed]
|
Americas |
Brazil |
1937 |
[citation needed]
|
Americas |
Brazil |
1961 |
[citation needed]
|
Americas |
Brazil |
1964 |
[citation needed]
|
Americas |
Brazil |
1983 |
Latin American debt crisis[citation needed]
|
Americas |
Brazil |
1986–87 |
[2]
|
Americas |
Brazil |
1990 |
[2]
|
Americas |
Chile |
1826 |
[citation needed]
|
Americas |
Chile |
1880 |
[citation needed]
|
Americas |
Chile |
1931 |
[citation needed]
|
Americas |
Chile |
1961 |
[citation needed]
|
Americas |
Chile |
1963 |
[citation needed]
|
Americas |
Chile |
1966 |
[citation needed]
|
Americas |
Chile |
1972 |
[citation needed]
|
Americas |
Chile |
1974 |
[citation needed]
|
Americas |
Chile |
1983 |
Latin American debt crisis[citation needed]
|
Americas |
Colombia |
1826 |
[citation needed]
|
Americas |
Colombia |
1850 |
[citation needed]
|
Americas |
Colombia |
1873 |
[citation needed]
|
Americas |
Colombia |
1880 |
[citation needed]
|
Americas |
Colombia |
1900 |
[citation needed]
|
Americas |
Colombia |
1932 |
[citation needed]
|
Americas |
Colombia |
1935 |
[citation needed]
|
Americas |
Costa Rica |
1828 |
[citation needed]
|
Americas |
Costa Rica |
1874 |
[citation needed]
|
Americas |
Costa Rica |
1895 |
[citation needed]
|
Americas |
Costa Rica |
1901 |
[citation needed]
|
Americas |
Costa Rica |
1932 |
[citation needed]
|
Americas |
Costa Rica |
1962 |
[citation needed]
|
Americas |
Costa Rica |
1981 |
Latin American debt crisis[citation needed]
|
Americas |
Costa Rica |
1983 |
Latin American debt crisis[citation needed]
|
Americas |
Costa Rica |
1984 |
Latin American debt crisis[citation needed]
|
Americas |
Dominica |
2003–05 |
[2]
|
Americas |
Dominican Republic |
1872 |
[citation needed]
|
Americas |
Dominican Republic |
1892 |
[citation needed]
|
Americas |
Dominican Republic |
1897 |
[citation needed]
|
Americas |
Dominican Republic |
1899 |
[citation needed]
|
Americas |
Dominican Republic |
1931 |
[citation needed]
|
Americas |
Dominican Republic |
1975–2001 |
Latin American debt crisis[2]
|
Americas |
Dominican Republic |
2005 |
[citation needed]
|
Americas |
Ecuador |
1826 |
[citation needed]
|
Americas |
Ecuador |
1868 |
[citation needed]
|
Americas |
Ecuador |
1894 |
[citation needed]
|
Americas |
Ecuador |
1906 |
[citation needed]
|
Americas |
Ecuador |
1909 |
[citation needed]
|
Americas |
Ecuador |
1914 |
[citation needed]
|
Americas |
Ecuador |
1929 |
[citation needed]
|
Americas |
Ecuador |
1982 |
[citation needed]
|
Americas |
Ecuador |
1984 |
[citation needed]
|
Americas |
Ecuador |
2000 |
[citation needed]
|
Americas |
Ecuador |
2008 |
[citation needed]
|
Americas |
El Salvador |
1828 |
[citation needed]
|
Americas |
El Salvador |
1876 |
[citation needed]
|
Americas |
El Salvador |
1894 |
[citation needed]
|
Americas |
El Salvador |
1899 |
[citation needed]
|
Americas |
El Salvador |
1921 |
[citation needed]
|
Americas |
El Salvador |
1932 |
[citation needed]
|
Americas |
El Salvador |
1938 |
[citation needed]
|
Americas |
El Salvador |
1981–96 |
[2]
|
Americas |
Grenada |
2004–05 |
[2]
|
Americas |
Guatemala |
1933 |
[citation needed]
|
Americas |
Guatemala |
1986 |
[citation needed]
|
Americas |
Guatemala |
1989 |
Latin American debt crisis[citation needed]
|
Americas |
Guyana |
1982 |
[citation needed]
|
Americas |
Honduras |
1828 |
[citation needed]
|
Americas |
Honduras |
1873 |
[citation needed]
|
Americas |
Honduras |
1981 |
Latin American debt crisis[citation needed]
|
Americas |
Jamaica |
1978 |
[citation needed]
|
Americas |
Mexico |
1827 |
[citation needed]
|
Americas |
Mexico |
1833 |
[citation needed]
|
Americas |
Mexico |
1844 |
[citation needed]
|
Americas |
Mexico |
1850 |
[2]
|
Americas |
Mexico |
1866 |
[citation needed]
|
Americas |
Mexico |
1898 |
[citation needed]
|
Americas |
Mexico |
1914 |
[citation needed]
|
Americas |
Mexico |
1928–30s |
[citation needed]
|
Americas |
Mexico |
1982 |
Latin American debt crisis
|
Americas |
Nicaragua |
1828 |
[citation needed]
|
Americas |
Nicaragua |
1894 |
[citation needed]
|
Americas |
Nicaragua |
1911 |
[citation needed]
|
Americas |
Nicaragua |
1915 |
[citation needed]
|
Americas |
Nicaragua |
1932 |
[citation needed]
|
Americas |
Nicaragua |
1979 |
[citation needed]
|
Americas |
Panama |
1932 |
[citation needed]
|
Americas |
Panama |
1983 |
Latin American debt crisis[citation needed]
|
Americas |
Panama |
1987 |
Latin American debt crisis[citation needed]
|
Americas |
Panama |
1988–89 |
[2]
|
Americas |
Paraguay |
1874 |
[citation needed]
|
Americas |
Paraguay |
1892 |
[citation needed]
|
Americas |
Paraguay |
1920 |
[citation needed]
|
Americas |
Paraguay |
1932 |
[citation needed]
|
Americas |
Paraguay |
1986 |
Latin American debt crisis[citation needed]
|
Americas |
Paraguay |
2003 |
[citation needed]
|
Americas |
Peru |
1826 |
[citation needed]
|
Americas |
Peru |
1850 |
[2]
|
Americas |
Peru |
1876 |
[citation needed]
|
Americas |
Peru |
1931 |
[citation needed]
|
Americas |
Peru |
1969 |
[citation needed]
|
Americas |
Peru |
1976 |
[citation needed]
|
Americas |
Peru |
1978 |
[citation needed]
|
Americas |
Peru |
1980 |
Latin American debt crisis[citation needed]
|
Americas |
Peru |
1984 |
Latin American debt crisis[citation needed]
|
Americas |
Surinam |
2001–02 |
[2]
|
Americas |
Texas |
1842 |
The Republic of Texas devalued chartal notes that it had issued extensively after the Panic of 1837.
|
Americas |
Trinidad and Tobago |
1989 |
[citation needed]
|
Americas |
United States |
1780 |
Devaluation of the Continental dollar to 1/40 of face value[22]
|
Americas |
United States |
1790 |
Crisis began in 1782. Ended by the Compromise of 1790 and the Funding Act of 1790.[23][24]
|
Americas |
United States |
1798 |
The United States ceased payment of its debt to the overthrown Kingdom of France, prompting the Quasi-War.
|
Americas |
United States |
1862 |
The Greenback Default[25][23]
|
Americas |
United States |
1933 |
Executive Order 6102[2]
|
Americas |
United States |
1971 |
Nixon shock[26][27]
|
Americas |
Uruguay |
1876 |
[citation needed]
|
Americas |
Uruguay |
1891 |
[citation needed]
|
Americas |
Uruguay |
1915 |
[citation needed]
|
Americas |
Uruguay |
1933 |
[citation needed]
|
Americas |
Uruguay |
1937 |
[2]
|
Americas |
Uruguay |
1983 |
Latin American debt crisis[citation needed]
|
Americas |
Uruguay |
1987 |
Latin American debt crisis[citation needed]
|
Americas |
Uruguay |
1990 |
[citation needed]
|
Americas |
Venezuela |
1826 |
[citation needed]
|
Americas |
Venezuela |
1848 |
[citation needed]
|
Americas |
Venezuela |
1860 |
[citation needed]
|
Americas |
Venezuela |
1865 |
[citation needed]
|
Americas |
Venezuela |
1892 |
[citation needed]
|
Americas |
Venezuela |
1898 |
[citation needed]
|
Americas |
Venezuela |
1982 |
Latin American debt crisis[citation needed]
|
Americas |
Venezuela |
1990 |
[citation needed]
|
Americas |
Venezuela |
1995–97 |
[2]
|
Americas |
Venezuela |
1998 |
[2]
|
Americas |
Venezuela |
2004 |
[citation needed]
|
Americas |
Venezuela |
2017 |
Venezuela defaulted on US$65 billion in external debt in November 2017 after years of unsustainable borrowing and a crash in global oil prices.[28]
|
Oceania |
Australia |
1931 |
Australia defaulted on its entire stock of domestic debt owed to bond and note holders. See Great Depression in Australia
|