No, because it was such an inane question underserving of a response AND/OR a lame attempt at baiting. But nevertheless I will indulge you to show what a daft post it was:
Here’s a clear, data-driven list of countries whose economies
collapsed in a severe, systemic way — whether through hyperinflation, state failure, war, or debt defaults. I’ve included
key statistics like GDP contractions, inflation levels, currency losses, and unemployment.
This is
not exhaustive, but it covers the most widely recognised “economic collapses” in the modern era.
Looking at Greece specifically, they are recovering from their situation with the help of massive IMF bailout. If we go that way, the IMF cannot afford it - our economy is too big for them to save.
Major Economic Collapses (with Stats)
1. Zimbabwe (2007–2009) — Hyperinflation Collapse
Type: Complete monetary collapse, hyperinflation
Key Stats:
- Hyperinflation peaked at 89.7 sextillion percent (10²¹%) per year (Nov 2008)
- Prices doubled every 24 hours
- GDP fell 17% in 2008
- Central bank issued 100 trillion dollar notes
Outcome: Abandoned its currency; switched to USD/ZAR.
2. Venezuela (2014–present) — Hyperinflation + State Collapse
Type: Hyperinflation, collapse of oil sector, institutional failure
Key Stats:
- Inflation peaked at 10,000,000% in 2018
- GDP contracted by ~75% between 2014–2022
- Oil production down from 3.5m bpd (1998) to ~700k bpd (2020)
- Poverty rate > 90%
Outcome: Ongoing crisis; partial dollarisation.
3. Argentina (2001–2002) — Sovereign Default + Banking Collapse
Type: Currency crisis, default, depression
Key Stats:
- Peso lost 75% of value in 2002
- GDP contracted 20% in 4 years
- Unemployment hit 25%
- Sovereign default of $100bn (largest at the time)
Outcome: Social and political crisis; long recovery.
4. Greece (2010–2015) — Debt Crisis
Type: Sovereign debt collapse, depression
Key Stats:
- GDP fell 25% between 2008–2016
- Unemployment peaked at 27.5%
- Youth unemployment over 60%
- Public debt > 180% of GDP
Outcome: Bailouts, austerity, long-term stagnation.
5. Soviet Union (1990–1992) — Systemic Collapse
Type: Complete economic + political disintegration
Key Stats:
- GDP contracted 40% in early 1990s (post-collapse)
- Industrial output fell 50%
- Inflation exceeded 2,500% in 1992 (Russia)
Outcome: End of USSR; transition shock.
6. Weimar Germany (1921–1923) — Classical Hyperinflation
Type: Hyperinflationary collapse
Key Stats:
- Prices doubled every 3.7 days
- Inflation reached 29,500% per month (late 1923)
- 1 USD = 4.2 trillion marks by Nov 1923
Outcome: Currency replaced by the Rentenmark.
7. Yugoslavia (1992–1994) — World’s Worst Hyperinflation
Type: Hyperinflation + civil war
Key Stats:
- Inflation of 5 × 10¹⁵% per month (Jan 1994)
- Prices doubled every 34 hours
- Currency redenominated 5 times
Outcome: Currency collapse; country dissolved.
8. North Korea (1990s) — Famine + Economic Collapse
Type: State collapse + famine
Key Stats:
- GDP fell by ~35% between 1990–1998
- Famine deaths: 600,000–2,000,000
- Industrial output collapsed by 50%
Outcome: Partial recovery later, but chronic stagnation.
9. Lebanon (2019–present) — Banking + Currency Collapse
Type: Currency crash, banking insolvency
Key Stats:
- Lebanese pound lost ~98% of value
- Inflation over 200% annually
- GDP shrank from $55bn (2018) to $23bn (2021)
- Poverty > 70%
Outcome: Ongoing severe crisis.
10. Sri Lanka (2022) — First Sovereign Default in History
Type: Forex crisis, energy collapse
Key Stats:
- Foreign reserves fell to $50m
- Inflation hit 70%
- Economy contracted 7.8% in 2022
Outcome: IMF programme; partial stabilisation.
11. Iceland (2008–2010) — Banking System Collapse
Type: Entire banking sector failed
Key Stats:
- Banking assets = 10× national GDP collapsed
- GDP contracted 10%
- Krona fell ~50%
Outcome: Capital controls; surprisingly fast recovery.
12. Myanmar (2021–present) — Coup-Induced Collapse
Type: Political collapse + economic freefall
Key Stats:
- GDP fell 18% in 2021 alone
- Currency depreciated 50%
- Inflation over 30%
Outcome: Ongoing conflict, collapse continues.
13. Haiti (multiple periods) — State Failure
Type: Political instability, economic collapse
Key Stats (recent decade):
- GDP per capita now lower than in the 1970s
- Inflation ~ 50%
- State capacity nearly nonexistent
Outcome: Chronic instability.
