FinObservatory

Crisis atlas / AUS

Australia

62 distinct crisis events in 10 episodes, 1826–2016, from the union of five primary chronologies.

Debt profile: government debt trajectory and crisis-start levels →

11
Banking crises
49
Currency crises
2
Sovereign debt crises
62
Crisis events
1826–2016
Span

Crisis timeline

Every distinct (year, type) event, most recent first, with the chronologies flagging it. Start-year sources (GMD, JST) do not mark continuation years, so long episodes show lower agreement after their first year.

  1. 2016
    Currencyrr1 source
  2. 2015
    Currencyrr1 source
  3. 2014
    Currencyrr1 source
  4. 2013
    Currencygmd, rr2 sources
  5. 2002
    Currencygmd, rr2 sources
  6. 1992
    Currencyrr1 source
    Bankingrr1 source
  7. 1991
    Currencyrr1 source
    Bankingrr1 source
  8. 1990
    Currencyrr1 source
    Bankingrr1 source
  9. 1989
    Currencyrr1 source
    Bankinggmd, jst, rr3 sources
  10. 1988
    Currencyrr1 source
  11. 1987
    Currencyrr1 source
  12. 1986
    Currencyrr1 source
  13. 1985
    Currencyrr1 source
  14. 1984
    Currencyrr1 source
  15. 1983
    Currencyrr1 source
  16. 1982
    Currencyrr1 source
  17. 1981
    Currencyrr1 source
  18. 1980
    Currencyrr1 source
  19. 1979
    Currencyrr1 source
  20. 1978
    Currencyrr1 source
  21. 1977
    Currencyrr1 source
  22. 1976
    Currencyrr1 source
  23. 1975
    Currencyrr1 source
  24. 1974
    Currencygmd, rr2 sources
  25. 1971
    Currencyrr1 source
  26. 1970
    Currencyrr1 source
  27. 1969
    Currencyrr1 source
  28. 1967
    Currencygmd, rr2 sources
  29. 1965
    Currencyrr1 source
  30. 1964
    Currencyrr1 source
  31. 1962
    Currencygmd, rr2 sources
  32. 1959
    Currencyrr1 source
  33. 1958
    Currencygmd, rr2 sources
  34. 1955
    Currencyrr1 source
  35. 1954
    Currencyrr1 source
  36. 1951
    Currencygmd, rr2 sources
  37. 1949
    Currencyrr1 source
  38. 1948
    Currencyrr1 source
  39. 1946
    Currencygmd, rr2 sources
  40. 1941
    Currencygmd, rr2 sources
  41. 1933
    Currencyrr1 source
  42. 1932
    Sovereign debtrr1 source
    Bankingrr1 source
  43. 1931
    Sovereign debtgmd, rr2 sources
    Currencyrr1 source
    Bankinggmd, rr2 sources
  44. 1930
    Currencygmd, rr2 sources
  45. 1923
    Currencyrr1 source
  46. 1920
    Currencygmd, rr2 sources
  47. 1893
    Bankinggmd, jst, rr3 sources
  48. 1891
    Currencyrr1 source
  49. 1890
    Currencyrr1 source
  50. 1889
    Currencygmd, rr2 sources
  51. 1885
    Currencygmd, rr2 sources
  52. 1843
    Bankinggmd, rr2 sources
  53. 1828
    Bankingrr1 source
  54. 1827
    Bankingrr1 source
  55. 1826
    Bankinggmd, rr2 sources

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 | Laeven & Valencia (2020) | Reinhart-Rogoff via HBS BFFS | ECB/ESRB Financial Crises Database Methodology

Macro context around each episode

Inflation, central-bank policy rate, and government debt in a window of five years either side of each crisis episode (consecutive crisis years bridged across gaps of up to two years). Crisis years shaded.

1826–1828

Banking
Inflation (% y/y)
-40-2002040182118261833
Policy rate (%)
No data for this window
Govt debt (% of GDP)
No data for this window

1843

Banking
Inflation (% y/y)
-50-2502550183818431848
Policy rate (%)
No data for this window
Govt debt (% of GDP)
No data for this window

1885

Currency
Inflation (% y/y)
-10-50510188018851890
Policy rate (%)
No data for this window
Govt debt (% of GDP)
02040188018851890

1889–1893

CurrencyBanking
Inflation (% y/y)
-10-50510188418891898
Policy rate (%)
No data for this window
Govt debt (% of GDP)
0255075188418891898

1920–1923

Currency
Inflation (% y/y)
-5051015191519201928
Policy rate (%)
No data for this window
Govt debt (% of GDP)
0255075191519201928

1930–1933

CurrencyBankingSovereign debt
Inflation (% y/y)
-10-505192519301938
Policy rate (%)
No data for this window
Govt debt (% of GDP)
050100192519301938

1941

Currency
Inflation (% y/y)
0510193619411946
Policy rate (%)
0246193619411946
Govt debt (% of GDP)
050100193619411946

1946–1992

CurrencyBanking
Inflation (% y/y)
0102030194119461997
Policy rate (%)
01020194119461997
Govt debt (% of GDP)
050100194119461997

2002

Currency
Inflation (% y/y)
0246199720022007
Policy rate (%)
02.557.5199720022007
Govt debt (% of GDP)
0102030199720022007

2013–2016

Currency
Inflation (% y/y)
0246200820132021
Policy rate (%)
0246200820132021
Govt debt (% of GDP)
0204060200820132021

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) Inflation is % year over year; policy rate is the central-bank rate in %; government debt is % of GDP. Methodology