Skip to content
FinObservatory

Crisis atlas / NZL

New Zealand

15 distinct crisis events in 9 episodes, 1888–2008, from the union of five primary chronologies.

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

6
Banking crises
8
Currency crises
1
Sovereign debt crises
15
Crisis events
1888–2008
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. 2008
    Currencyrr1 source
  2. 1997
    Currencyrr1 source
  3. 1990
    Bankingrr1 source
  4. 1989
    Bankingrr1 source
  5. 1988
    Bankingrr1 source
  6. 1987
    Bankinggmd, rr2 sources
  7. 1984
    Currencygmd, laeven_valencia, rr3 sources
  8. 1981
    Currencyrr1 source
  9. 1976
    Currencyrr1 source
  10. 1974
    Currencyrr1 source
  11. 1967
    Currencygmd, rr2 sources
  12. 1948
    Currencygmd, rr2 sources
  13. 1933
    Sovereign debtgmd, rr2 sources
  14. 1893
    Bankingrr1 source
  15. 1888
    Bankinggmd1 source

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 | Laeven & Valencia (2020, 2026) | 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.

1888

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

1893

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

1933

Sovereign debt
Inflation (% y/y)
Policy rate (%)
Govt debt (% of GDP)

1948

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

1967

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

1974–1976

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

1981–1990

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

1997

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

2008

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

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