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FinObservatory

Crisis atlas / DZA

Algeria

21 distinct crisis events in 4 episodes, 18701996, from the union of five primary chronologies.

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

6
Banking crises
9
Currency crises
6
Sovereign debt crises
21
Crisis events
1870–1996
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. 1996
    Sovereign debtrr1 source
  2. 1995
    Sovereign debtrr1 source
    Currencyrr1 source
  3. 1994
    Sovereign debtrr1 source
    Currencygmd, laeven_valencia, rr3 sources
    Bankinglaeven_valencia1 source
  4. 1993
    Sovereign debtrr1 source
    Bankinglaeven_valencia1 source
  5. 1992
    Sovereign debtrr1 source
    Bankinglaeven_valencia, rr2 sources
  6. 1991
    Sovereign debtrr1 source
    Currencyrr1 source
    Bankinglaeven_valencia, rr2 sources
  7. 1990
    Currencyrr1 source
    Bankinggmd, laeven_valencia, rr3 sources
  8. 1989
    Currencyrr1 source
  9. 1988
    Currencygmd, laeven_valencia, rr3 sources
  10. 1960
    Currencygmd, rr2 sources
  11. 1944
    Currencyrr1 source
  12. 1943
    Currencygmd, rr2 sources
  13. 1870
    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.

1870

Banking
Inflation (% y/y)
02040186518701875
Policy rate (%)
No data for this window
Govt debt (% of GDP)
No data for this window

1943–1944

Currency
Inflation (% y/y)
0255075193819431949
Policy rate (%)
No data for this window
Govt debt (% of GDP)
No data for this window

1960

Currency
Inflation (% y/y)
051015195519601965
Policy rate (%)
No data for this window
Govt debt (% of GDP)
0102030195519601965

1988–1996

CurrencyBankingSovereign debtoutput loss 41.4% of GDP (Laeven-Valencia 2026)
Inflation (% y/y)
02040198319882001
Policy rate (%)
051015198319882001
Govt debt (% of GDP)
050100150198319882001

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