Economy & TradeThe 2020s

Economy & Trade in the 2020s

Every event in the Terralore archive tagged economy and trade — trade, currency, industry and resources, narrowed to the 2020s — 13 of them, drawn from 13 nations, running from 2020 to 2026. Each entry keeps the sources it was verified against and links back to the chronicle it came from.

Events
13
Nations
13
Earliest
2020
Latest
2026
Asia
4
North America
3
Europe
2
South America
2
Africa
1
Oceania
1

Every entry below is the same record, with the same sources, as the one on its nation’s chronicle.

  1. — Africa:

    Zambia

    Sovereign debt default

    Burdened by debt and falling revenues, Zambia became the first African country of the COVID-19 era to default on its Eurobonds after missing a coupon payment.

    Era: The republic: Humanism, multiparty politics and modern Zambia

    Sources: The Road to Zambia's 2020 Sovereign Debt Default · Finance for Development Lab, Zambia defaults, economically and politically · Institute for Security Studies

  2. — North America:

    El Salvador

    Bitcoin made legal tender

    El Salvador becomes the first country in the world to adopt Bitcoin as legal tender alongside the US dollar.

    Era: Postwar El Salvador and the Bukele Era

    Sources: Nayib Bukele · Encyclopaedia Britannica

  3. — Asia:

    Laos

    Laos-China Railway opens

    The 1,000-km railway linking Vientiane to Kunming begins operating, aiming to turn landlocked Laos into a land-linked hub of regional trade while deepening its debt to China.

    Era: The Lao People's Democratic Republic

    Sources: Lao PDR Overview · World Bank Group

  4. — Asia:

    Sri Lanka

    Economic crisis and sovereign default

    A foreign-exchange crisis forces Sri Lanka's first sovereign default; shortages and protests topple President Gotabaya Rajapaksa, leading to an IMF bailout and, in 2024, the election of Anura Kumara Dissanayake.

    Era: Republic, Civil War and the Modern Nation

    Sources: Sri Lanka: Reconstruction and the modern nation · Encyclopædia Britannica

  5. — Asia:

    Uzbekistan

    End of systemic forced labour in cotton

    After sustained reforms and international monitoring, civil-society groups conclude that Uzbekistan has dismantled the systemic state-imposed forced labour in its cotton harvest.

    Era: Independent Uzbekistan

    Sources: Uzbekistan Ends Systemic Forced Labor, Civil Society Says · Human Rights Watch

  6. — Europe:

    Andorra

    Association agreement with the EU

    After concluding negotiations in 2023, the European Commission in 2024 proposed an association agreement to give Andorra (with San Marino) deep access to the EU single market, comparable to the European Economic Area.

    Era: A Sovereign Democracy in the Heart of Europe

    Sources: Proposal for the EU–Andorra Association Agreement (COM 2024/189) · EUR-Lex (European Commission), EU association agreement with Andorra and San Marino (briefing) · European Parliament

  7. — North America:

    Dominican Republic

    Among the region's top economies

    The Dominican Republic ranks among the fastest-growing economies in Latin America and the Caribbean, driven by tourism, manufacturing, mining, and remittances.

    Era: The Modern Tourism Republic

    Sources: Dominican Republic Overview · The World Bank

  8. — Oceania:

    New Caledonia

    Nickel, still the ground everyone stands on

    Through the unrest and its aftermath the territory mined 116,000 tonnes of nickel in 2024 and an estimated 140,000 in 2025 — one of the largest outputs on earth, and the revenue any future status has to be paid for out of.

    Era: Three Referendums and an Unsettled Future

    Sources: Mineral Commodity Summaries 2026: Nickel · U.S. Geological Survey

  9. — South America:

    Suriname

    GranMorgu oil decision

    TotalEnergies and APA take a final investment decision to develop the offshore GranMorgu field on Block 58, with first oil expected toward 2028.

    Era: Democracy, Diversity, and Oil

    Sources: Suriname: Final Investment Decision for the GranMorgu development on Block 58 · TotalEnergies

  10. — Asia:

    Tajikistan

    A remittance-dependent economy

    Remittances from Tajik labour migrants, mostly working in Russia, reach close to half of GDP — among the highest shares in the world — leaving the economy heavily exposed to external shocks.

    Era: The Rahmon Era and the Mountain Republic

    Sources: Tajikistan Economic Update 2025 · The World Bank, Labour Migration — IOM Tajikistan, UN Migration · International Organization for Migration (IOM)

  11. — Europe:

    Moldova

    Gas to Transnistria stops

    After the Russian-Ukrainian transit deal expired, Gazprom halted gas supplies to Moldova, citing a debt of 709 million dollars that Chisinau disputed. The Tiraspol-administered left bank lost heating and had rolling power cuts for weeks, while the rest of Moldova relied on other supplies.

    Era: Independence, the Transnistria Conflict and the Road to Europe

    Sources: Russian gas cutoff leaves thousands without heat and power in Moldova's Transnistria region · Meduza, Moldova's Transnistria region hit by blackouts and industrial shutdowns after gas cut-off · bne IntelliNews

  12. — North America:

    Belize

    A nation of 419,000

    The Statistical Institute of Belize puts the mid-year population at 418,982 — a country the size of Wales with fewer people than a mid-sized city, holding the Atlantic's largest reef and some of the Maya world's greatest cities.

    Era: Independent Belize and the Guatemalan question

    Sources: Belize population and economic statistics · Statistical Institute of Belize

  13. — South America:

    Falkland Islands

    Contested status and an oil prospect

    The islands remain a British Overseas Territory claimed by Argentina, with an economy led by fisheries and the prospect of Sea Lion offshore oil development.

    Era: Referendum, Fisheries and Oil to the Present

    Sources: Falkland Islands (Malvinas) — The United Nations and Decolonization · United Nations, Department of Political and Peacebuilding Affairs, Sea Lion — North Falkland Basin (project overview) · Rockhopper Exploration plc