FinObservatory

Crisis atlas / NIC

Nicaragua

132 distinct crisis events in 6 episodes, 1828–2020, from the union of five primary chronologies.

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

15
Banking crises
19
Currency crises
98
Sovereign debt crises
132
Crisis events
1828–2020
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. 2020
    Bankinglaeven_valencia1 source
  2. 2019
    Bankinglaeven_valencia1 source
  3. 2018
    Bankinglaeven_valencia1 source
  4. 2016
    Sovereign debtrr1 source
  5. 2015
    Sovereign debtrr1 source
  6. 2014
    Sovereign debtrr1 source
  7. 2013
    Sovereign debtrr1 source
  8. 2012
    Sovereign debtrr1 source
  9. 2011
    Sovereign debtrr1 source
  10. 2010
    Sovereign debtrr1 source
  11. 2009
    Sovereign debtrr1 source
  12. 2008
    Sovereign debtgmd, laeven_valencia, rr3 sources
  13. 2007
    Sovereign debtrr1 source
  14. 2006
    Sovereign debtrr1 source
  15. 2005
    Sovereign debtrr1 source
  16. 2004
    Sovereign debtrr1 source
  17. 2003
    Sovereign debtgmd, laeven_valencia, rr3 sources
  18. 2002
    Sovereign debtrr1 source
  19. 2001
    Sovereign debtrr1 source
    Bankinglaeven_valencia, rr2 sources
  20. 2000
    Sovereign debtrr1 source
    Bankinggmd, laeven_valencia, rr3 sources
  21. 1999
    Sovereign debtrr1 source
  22. 1998
    Sovereign debtrr1 source
  23. 1997
    Sovereign debtrr1 source
  24. 1996
    Sovereign debtrr1 source
    Bankingrr1 source
  25. 1995
    Sovereign debtgmd, laeven_valencia, rr3 sources
    Bankingrr1 source
  26. 1994
    Sovereign debtrr1 source
    Bankingrr1 source
  27. 1993
    Sovereign debtrr1 source
    Currencyrr1 source
    Bankinglaeven_valencia, rr2 sources
  28. 1992
    Sovereign debtrr1 source
    Bankinglaeven_valencia, rr2 sources
  29. 1991
    Sovereign debtrr1 source
    Currencyrr1 source
    Bankinglaeven_valencia, rr2 sources
  30. 1990
    Sovereign debtrr1 source
    Currencygmd, laeven_valencia, rr3 sources
    Bankinggmd, laeven_valencia, rr3 sources
  31. 1989
    Sovereign debtrr1 source
    Currencyrr1 source
    Bankingrr1 source
  32. 1988
    Sovereign debtrr1 source
    Currencyrr1 source
    Bankingrr1 source
  33. 1987
    Sovereign debtrr1 source
    Bankingrr1 source
  34. 1986
    Sovereign debtrr1 source
    Currencyrr1 source
  35. 1985
    Sovereign debtrr1 source
    Currencygmd, laeven_valencia, rr3 sources
  36. 1984
    Sovereign debtrr1 source
  37. 1983
    Sovereign debtrr1 source
  38. 1982
    Sovereign debtrr1 source
  39. 1981
    Sovereign debtrr1 source
  40. 1980
    Sovereign debtgmd, laeven_valencia, rr3 sources
  41. 1979
    Sovereign debtrr1 source
    Currencygmd, laeven_valencia, rr3 sources
  42. 1946
    Currencygmd, rr2 sources
  43. 1939
    Currencyrr1 source
  44. 1938
    Currencyrr1 source
  45. 1937
    Sovereign debtrr1 source
    Currencygmd, rr2 sources
  46. 1936
    Sovereign debtrr1 source
  47. 1935
    Sovereign debtrr1 source
  48. 1934
    Sovereign debtrr1 source
  49. 1933
    Sovereign debtrr1 source
  50. 1932
    Sovereign debtgmd, rr2 sources
  51. 1917
    Sovereign debtrr1 source
  52. 1916
    Sovereign debtrr1 source
  53. 1915
    Sovereign debtgmd, rr2 sources
  54. 1912
    Sovereign debtrr1 source
    Currencyrr1 source
  55. 1911
    Sovereign debtgmd, rr2 sources
    Currencygmd, rr2 sources
  56. 1909
    Currencyrr1 source
  57. 1907
    Currencygmd, rr2 sources
  58. 1905
    Currencyrr1 source
  59. 1904
    Currencyrr1 source
  60. 1903
    Currencygmd, rr2 sources
  61. 1895
    Sovereign debtrr1 source
  62. 1894
    Sovereign debtgmd, rr2 sources
  63. 1874
    Sovereign debtrr1 source
  64. 1873
    Sovereign debtrr1 source
  65. 1872
    Sovereign debtrr1 source
  66. 1871
    Sovereign debtrr1 source
  67. 1870
    Sovereign debtrr1 source
  68. 1869
    Sovereign debtrr1 source
  69. 1868
    Sovereign debtrr1 source
  70. 1867
    Sovereign debtrr1 source
  71. 1866
    Sovereign debtrr1 source
  72. 1865
    Sovereign debtrr1 source
  73. 1864
    Sovereign debtrr1 source
  74. 1863
    Sovereign debtrr1 source
  75. 1862
    Sovereign debtrr1 source
  76. 1861
    Sovereign debtrr1 source
  77. 1860
    Sovereign debtrr1 source
  78. 1859
    Sovereign debtrr1 source
  79. 1858
    Sovereign debtrr1 source
  80. 1857
    Sovereign debtrr1 source
  81. 1856
    Sovereign debtrr1 source
  82. 1855
    Sovereign debtrr1 source
  83. 1854
    Sovereign debtrr1 source
  84. 1853
    Sovereign debtrr1 source
  85. 1852
    Sovereign debtrr1 source
  86. 1851
    Sovereign debtrr1 source
  87. 1850
    Sovereign debtrr1 source
  88. 1849
    Sovereign debtrr1 source
  89. 1848
    Sovereign debtrr1 source
  90. 1847
    Sovereign debtrr1 source
  91. 1846
    Sovereign debtrr1 source
  92. 1845
    Sovereign debtrr1 source
  93. 1844
    Sovereign debtrr1 source
  94. 1843
    Sovereign debtrr1 source
  95. 1842
    Sovereign debtrr1 source
  96. 1841
    Sovereign debtrr1 source
  97. 1840
    Sovereign debtrr1 source
  98. 1839
    Sovereign debtrr1 source
  99. 1838
    Sovereign debtrr1 source
  100. 1837
    Sovereign debtrr1 source
  101. 1836
    Sovereign debtrr1 source
  102. 1835
    Sovereign debtrr1 source
  103. 1834
    Sovereign debtrr1 source
  104. 1833
    Sovereign debtrr1 source
  105. 1832
    Sovereign debtrr1 source
  106. 1831
    Sovereign debtrr1 source
  107. 1830
    Sovereign debtrr1 source
  108. 1829
    Sovereign debtrr1 source
  109. 1828
    Sovereign debtgmd, 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.

1828–1874

Sovereign debt

No macro panel coverage for this window.

1894–1895

Sovereign debt

No macro panel coverage for this window.

1903–1917

CurrencySovereign debt
Inflation (% y/y)
No data for this window
Policy rate (%)
No data for this window
Govt debt (% of GDP)
050100150189819031922

1932–1939

Sovereign debtCurrency
Inflation (% y/y)
-250255075192719321944
Policy rate (%)
No data for this window
Govt debt (% of GDP)
050100150192719321944

1946

Currency
Inflation (% y/y)
-50050100194119461951
Policy rate (%)
No data for this window
Govt debt (% of GDP)
02040194119461951

1979–2020

CurrencySovereign debtBankingoutput loss 11.4% of GDP (Laeven-Valencia 2026)
Inflation (% y/y)
05k10k15k197419792025
Policy rate (%)
0510197419792025
Govt debt (% of GDP)
01k2k197419792025

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