Area
|
Country
|
Date
|
Type, causes, consequences, and references
|
Europe |
France |
1812 |
State spending during the Napoleonic Wars was extremely high due in large manner to the high level of military expenditures.
|
Europe |
Sweden |
1812 |
Military expenditures as a consequence of the Napoleonic Wars.
|
Europe |
Denmark |
1813 |
The Danish state bankruptcy of 1813.[2]
|
Europe |
Netherlands |
1814 |
Instability resulting from the rule of Napoleon I in France
|
Africa |
Egypt |
1876 |
The crisis will cause the ‘Urabi Revolt and the subsequent British invasion of Egypt.
|
Europe |
Germany |
1932-07-09 |
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 |
Romania |
1933 |
[citation needed]
|
Americas |
Mexico |
1982-08 |
Finance Minister, Jesus Silva-Herzog, declared that it was unable to meet its debt repayment obligations as world interest rates had sharply increased since 1979. This signalled the start of a widespread Latin American debt crisis.
|
Europe |
Yugoslavia |
1983 |
[citation needed]
|
Asia |
Thailand |
1997-07 |
1997 Asian financial crisis.
|
Europe |
Russia |
1998-08-17 |
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 |
Greece |
2015-06-30 |
Due to the Greek government-debt crisis, Greece failed to make a €1.6bn payment to the IMF.
|
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]
|
Asia |
Japan |
1942 |
[citation needed]
|
Asia |
Japan |
1946–1952 |
[2]
|
Asia |
India |
1958 |
[citation needed]
|
Asia |
India |
1969 |
[citation needed]
|
Asia |
India |
1972 |
[3]
|
Asia |
Indonesia |
1966 |
[citation needed]
|
Asia |
Iran |
1992 |
[citation needed]
|
Asia |
Iraq |
1990 |
[citation needed]
|
Asia |
Jordan |
1989 |
[citation needed]
|
Asia |
Kuwait |
1990–1991 |
[2]
|
Asia |
Myanmar |
1984 |
[2]
|
Asia |
Myanmar |
1987 |
[2]
|
Asia |
Myanmar |
2002 |
[citation needed]
|
Asia |
Mongolia |
1997–2000 |
[2]
|
Asia |
The Philippines |
1983 |
[citation needed]
|
Asia |
Solomon Islands |
1995–2004 |
[2]
|
Asia |
Sri Lanka |
1980 |
[citation needed]
|
Asia |
Sri Lanka |
1982 |
[citation needed]
|
Asia |
Sri Lanka |
1996 |
[2]
|
Asia |
Turkey |
1876 |
[citation needed]
|
Asia |
Turkey |
1915 |
[citation needed]
|
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 |
Albania |
1990 |
[citation needed]
|
Europe |
Archduchy of Austria |
1796 |
[citation needed]
|
Europe |
Archduchy of Austria |
1802 |
[citation needed]
|
Europe |
Austrian Empire |
1811 |
[4]
|
Europe |
Austrian Empire |
1816 |
Caused by the War of the Sixth Coalition. Ended by the establishment of Austria's central bank Oesterreichische Nationalbank.[4]
|
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 |
1993–1996 |
[2]
|
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 |
[5]
|
Europe |
Hungary |
1932 |
[citation needed]
|
Europe |
Hungary |
1941 |
[citation needed]
|
Europe |
Poland |
1936 |
[citation needed]
|
Europe |
Poland |
1981 |
[citation needed]
|
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 |
Russia |
1839 |
[citation needed]
|
Europe |
Russia |
1885 |
[citation needed]
|
Europe |
Russia |
1918 |
[citation needed]
|
Europe |
Russia |
1947 |
[2]
|
Europe |
Russia |
1957 |
[2]
|
Europe |
Russia |
1991 |
[citation needed]
|
Europe |
Spain |
1557 |
[6]
|
Europe |
Spain |
1575 |
[7]
|
Europe |
Spain |
1596 |
[8]
|
Europe |
Spain |
1607 |
[9]
|
Europe |
Spain |
1627 |
[10]
|
Europe |
Spain |
1647 |
[11]
|
Europe |
Spain |
1652 |
[12]
|
Europe |
Spain |
1662 |
[13]
|
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 |
1936–1939 |
[2]
|
Europe |
Sweden |
1812 |
[citation needed]
|
Europe |
Ukraine |
1998–2000 |
[2]
|
Europe |
Ukraine |
2016 |
[15]
|
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[16][2]
|
Europe |
Yugoslavia |
1983 |
Did not default directly; default was split between the nations once part of Yugoslavia[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 |
Congo (Kinshasa) |
1979 |
[2]
|
Africa |
Côte d'Ivoire |
1983 |
[citation needed]
|
Africa |
Côte d'Ivoire |
2000 |
[citation needed]
|
Africa |
Côte d'Ivoire |
2011 |
[citation needed]
|
Africa |
Gabon |
1999–2005 |
[2]
|
Africa |
Ghana |
1979 |
[citation needed]
|
Africa |
Ghana |
1982 |
[2]
|
Africa |
Liberia |
1989–2006 |
[2]
|
Africa |
Madagascar |
2002 |
[2]
|
Africa |
Mozambique |
1980 |
[2]
|
Africa |
Rwanda |
1995 |
[2]
|
Africa |
Sierra Leone |
1997–1998 |
[2]
|
Africa |
Sudan |
1991 |
[2]
|
Africa |
Tunisia Tunisia |
1867 |
[citation needed]
|
Africa |
Tunisia Tunisia |
1986 |
[17]
|
Africa |
Egypt |
1984 |
[citation needed]
|
Africa |
Kenya |
1994 |
[citation needed]
|
Africa |
Kenya |
2000 |
[citation needed]
|
Africa |
Morocco |
1983 |
[citation needed]
|
Africa |
Morocco |
1994 |
[citation needed]
|
Africa |
Morocco |
2000 |
[citation needed]
|
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 |
South Africa |
1985 |
[citation needed]
|
Africa |
South Africa |
1989 |
[citation needed]
|
Africa |
South Africa |
1993 |
[citation needed]
|
Africa |
Zambia |
1983 |
[citation needed]
|
Africa |
Zimbabwe |
1965 |
[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.[18]
|
Americas |
Argentina |
1890 |
Default. Panic of 1890[18]
|
Americas |
Argentina |
1915 |
Provincial default.[18]
|
Americas |
Argentina |
1930 |
Provincial default.[18]
|
Americas |
Argentina |
1982 |
Default. Latin American debt crisis[18]
|
Americas |
Argentina |
1988–1989 |
Internal debt default. Latin American debt crisis[18]
|
Americas |
Argentina |
2001 |
Default. 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.[18]
|
Americas |
Argentina |
2005–2016 |
Argentine debt restructuring.
|
Americas |
Argentina |
2014 |
[19][20]
|
Americas |
Barbados |
2018 |
Default on its Eurobonds after the uncovering 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 |
1986–1987 |
[2]
|
Americas |
Brazil |
1990 |
[2]
|
Americas |
Canada - Alberta |
1935 |
[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 |
2003–2005 |
[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 |
1981–1996 |
[2]
|
Americas |
Grenada |
2004–2005 |
[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 |
1928–1930s |
[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 |
1988–1989 |
[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 |
2001–2002 |
[2]
|
Americas |
Trinidad and Tobago |
1989 |
[citation needed]
|
Americas |
United States |
1779 |
Rapid devaluation of the Continental Dollar due to Congress's inability to levy taxes. During a later Constitutional Convention, memory of the suffering inspired the inclusion of the Contract Clause in the modern U.S. Constitution.[22]
|
Americas |
United States |
1790 |
Crisis began in 1782. Ended by the Compromise of 1790 and the Funding Act of 1790.[22][23]
|
Americas |
United States |
1798 |
See Quasi-War
|
Americas |
United States |
1862 |
The Greenback Default[24][22]
|
Americas |
United States |
1933 |
See Executive Order 6102[2]
|
Americas |
United States |
1971 |
Nixon Shock [25][26]
|
Americas |
United States - 9 states |
1841–1842 |
[2]
|
Americas |
United States - 10 states and many local governments |
1873–83 or 1884 |
[2]
|
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 |
1995–1997 |
[2]
|
Americas |
Venezuela |
1998 |
[2]
|
Americas |
Venezuela |
2004 |
[citation needed]
|
Americas |
Venezuela |
2017 |
Venezuela defaulted on USD 65Bn in external debt in November 2017 after years of unsustainable borrowing and a crash in global oil prices. [27]
|