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FinObservatory

Crisis atlas / THA

Thailand

26 distinct crisis events in 11 episodes, 1862–2002, from the union of five primary chronologies.

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

13
Banking crises
13
Currency crises
0
Sovereign debt crises
26
Crisis events
1862–2002
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. 2002
    Bankingrr1 source
  2. 2001
    Bankingrr1 source
  3. 2000
    Currencyrr1 source
    Bankinglaeven_valencia, rr2 sources
  4. 1999
    Bankinglaeven_valencia, rr2 sources
  5. 1998
    Currencygmd, laeven_valencia2 sources
    Bankinglaeven_valencia, rr2 sources
  6. 1997
    Currencyrr1 source
    Bankinggmd, laeven_valencia, rr3 sources
  7. 1996
    Bankingrr1 source
  8. 1987
    Bankingrr1 source
  9. 1986
    Bankingrr1 source
  10. 1985
    Bankingrr1 source
  11. 1984
    Currencyrr1 source
    Bankingrr1 source
  12. 1983
    Bankinggmd, laeven_valencia, rr3 sources
  13. 1979
    Bankinggmd, rr2 sources
  14. 1954
    Currencygmd, rr2 sources
  15. 1950
    Currencygmd, rr2 sources
  16. 1942
    Currencygmd, rr2 sources
  17. 1932
    Currencygmd, rr2 sources
  18. 1922
    Currencygmd, rr2 sources
  19. 1894
    Currencygmd, rr2 sources
  20. 1883
    Currencygmd, rr2 sources
  21. 1863
    Currencyrr1 source
  22. 1862
    Currencygmd, rr2 sources

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.

1862–1863

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

1883

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

1894

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

1922

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

1932

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

1942

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

1950

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

1954

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

1979

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

1983–1987

BankingCurrency1983: fiscal cost 0.7% of GDP, output loss 24.8% of GDP(Laeven-Valencia 2026)
Inflation (% y/y)
Policy rate (%)
Govt debt (% of GDP)

1996–2002

BankingCurrency1997–2000: fiscal cost 43.8% of GDP, output loss 109.3% of GDP(Laeven-Valencia 2026)
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