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FinObservatory

Crisis atlas / PRY

Paraguay

76 distinct crisis events in 7 episodes, 1874–2004, from the union of five primary chronologies.

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

7
Banking crises
23
Currency crises
46
Sovereign debt crises
76
Crisis events
1874–2004
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. 2004
    Sovereign debtrr1 source
  2. 2003
    Sovereign debtrr1 source
  3. 2002
    Currencygmd, laeven_valencia, rr3 sources
    Bankingrr1 source
  4. 2001
    Currencyrr1 source
  5. 1999
    Currencyrr1 source
    Bankingrr1 source
  6. 1998
    Currencyrr1 source
    Bankingrr1 source
  7. 1997
    Bankingrr1 source
  8. 1996
    Bankingrr1 source
  9. 1995
    Bankinggmd, laeven_valencia, rr3 sources
  10. 1993
    Currencyrr1 source
  11. 1992
    Sovereign debtgmd, laeven_valencia, rr3 sources
    Currencyrr1 source
  12. 1991
    Sovereign debtrr1 source
  13. 1990
    Sovereign debtrr1 source
  14. 1989
    Sovereign debtrr1 source
    Currencygmd, laeven_valencia, rr3 sources
  15. 1988
    Sovereign debtrr1 source
  16. 1987
    Sovereign debtrr1 source
  17. 1986
    Sovereign debtrr1 source
    Currencyrr1 source
  18. 1985
    Currencyrr1 source
  19. 1984
    Currencygmd, laeven_valencia, rr3 sources
  20. 1982
    Sovereign debtgmd, laeven_valencia2 sources
  21. 1969
    Sovereign debtrr1 source
  22. 1968
    Sovereign debtgmd, rr2 sources
  23. 1958
    Currencygmd, rr2 sources
  24. 1956
    Currencyrr1 source
  25. 1955
    Currencyrr1 source
  26. 1954
    Currencyrr1 source
  27. 1951
    Currencygmd, rr2 sources
  28. 1944
    Sovereign debtrr1 source
  29. 1943
    Sovereign debtrr1 source
    Currencyrr1 source
  30. 1942
    Sovereign debtrr1 source
  31. 1941
    Sovereign debtrr1 source
    Currencygmd, rr2 sources
  32. 1940
    Sovereign debtrr1 source
  33. 1939
    Sovereign debtrr1 source
  34. 1938
    Sovereign debtrr1 source
  35. 1937
    Sovereign debtrr1 source
  36. 1936
    Sovereign debtrr1 source
    Currencyrr1 source
  37. 1935
    Sovereign debtrr1 source
    Currencygmd, rr2 sources
  38. 1934
    Sovereign debtrr1 source
  39. 1933
    Sovereign debtrr1 source
    Currencyrr1 source
  40. 1932
    Sovereign debtgmd, rr2 sources
  41. 1931
    Currencyrr1 source
  42. 1930
    Currencygmd, rr2 sources
  43. 1924
    Sovereign debtrr1 source
  44. 1923
    Sovereign debtrr1 source
  45. 1922
    Sovereign debtrr1 source
  46. 1921
    Sovereign debtrr1 source
  47. 1920
    Sovereign debtgmd, rr2 sources
    Currencygmd, rr2 sources
  48. 1895
    Sovereign debtrr1 source
  49. 1894
    Sovereign debtrr1 source
  50. 1893
    Sovereign debtrr1 source
  51. 1892
    Sovereign debtgmd, rr2 sources
  52. 1890
    Bankinggmd, rr2 sources
  53. 1885
    Sovereign debtrr1 source
  54. 1884
    Sovereign debtrr1 source
  55. 1883
    Sovereign debtrr1 source
  56. 1882
    Sovereign debtrr1 source
  57. 1881
    Sovereign debtrr1 source
  58. 1880
    Sovereign debtrr1 source
  59. 1879
    Sovereign debtrr1 source
  60. 1878
    Sovereign debtrr1 source
  61. 1877
    Sovereign debtrr1 source
  62. 1876
    Sovereign debtrr1 source
  63. 1875
    Sovereign debtrr1 source
  64. 1874
    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.

1874–1885

Sovereign debt

No macro panel coverage for this window.

1890–1895

BankingSovereign debt

No macro panel coverage for this window.

1920–1924

CurrencySovereign debt

No macro panel coverage for this window.

1930–1944

CurrencySovereign debt
Inflation (% y/y)
02040192519301949
Policy rate (%)
No data for this window
Govt debt (% of GDP)
No data for this window

1951–1958

Currency
Inflation (% y/y)
050100150194619511963
Policy rate (%)
No data for this window
Govt debt (% of GDP)
No data for this window

1968–1969

Sovereign debt
Inflation (% y/y)
-100102030196319681974
Policy rate (%)
No data for this window
Govt debt (% of GDP)
01020196319681974

1982–2004

Sovereign debtCurrencyBankingFiscal cost 12.9% of GDP, output loss 15.3% of GDP (Laeven-Valencia 2026)
Inflation (% y/y)
02040197719822009
Policy rate (%)
02040197719822009
Govt debt (% of GDP)
0255075197719822009

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