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) | 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)
-50050100185718621868
Policy rate (%)
No data for this window
Govt debt (% of GDP)
No data for this window

1883

Currency
Inflation (% y/y)
-40-2002040187818831888
Policy rate (%)
No data for this window
Govt debt (% of GDP)
No data for this window

1894

Currency
Inflation (% y/y)
-200204060188918941899
Policy rate (%)
No data for this window
Govt debt (% of GDP)
No data for this window

1922

Currency
Inflation (% y/y)
-100-50050100191719221927
Policy rate (%)
No data for this window
Govt debt (% of GDP)
01020191719221927

1932

Currency
Inflation (% y/y)
-50-25025192719321937
Policy rate (%)
No data for this window
Govt debt (% of GDP)
051015192719321937

1942

Currency
Inflation (% y/y)
-50050100193719421947
Policy rate (%)
02.557.5193719421947
Govt debt (% of GDP)
02040193719421947

1950

Currency
Inflation (% y/y)
-50050100194519501955
Policy rate (%)
02.557.5194519501955
Govt debt (% of GDP)
02040194519501955

1954

Currency
Inflation (% y/y)
-1001020194919541959
Policy rate (%)
02.557.5194919541959
Govt debt (% of GDP)
0102030194919541959

1979

Banking
Inflation (% y/y)
0102030197419791984
Policy rate (%)
051015197419791984
Govt debt (% of GDP)
0204060197419791984

1983–1987

BankingCurrencyFiscal cost 0.7% of GDP, output loss 24.8% of GDP (Laeven-Valencia 2026)
Inflation (% y/y)
01020197819831992
Policy rate (%)
051015197819831992
Govt debt (% of GDP)
0204060197819831992

1996–2002

BankingCurrencyFiscal cost 43.8% of GDP, output loss 109.3% of GDP (Laeven-Valencia 2026)
Inflation (% y/y)
0510199119962007
Policy rate (%)
051015199119962007
Govt debt (% of GDP)
0204060199119962007

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