FinObservatory

Crisis atlas / LAO

Laos

4 distinct crisis events in 4 episodes, 19721997, from the union of five primary chronologies.

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

0
Banking crises
4
Currency crises
0
Sovereign debt crises
4
Crisis events
1972–1997
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. 1997
    Currencylaeven_valencia1 source
  2. 1986
    Currencylaeven_valencia1 source
  3. 1978
    Currencylaeven_valencia1 source
  4. 1972
    Currencylaeven_valencia1 source

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.

1972

Currency
Inflation (% y/y)
050100196719721977
Policy rate (%)
No data for this window
Govt debt (% of GDP)
051015196719721977

1978

Currency
Inflation (% y/y)
0100200197319781983
Policy rate (%)
No data for this window
Govt debt (% of GDP)
0255075197319781983

1986

Currency
Inflation (% y/y)
-50050100150198119861991
Policy rate (%)
0102030198119861991
Govt debt (% of GDP)
0100200300198119861991

1997

Currency
Inflation (% y/y)
050100150199219972002
Policy rate (%)
02040199219972002
Govt debt (% of GDP)
050100150199219972002

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