List of nationalizations by country

This is a list of industries, services, products, or companies that have been nationalized by country.





Most utilities were nationally owned before being privatized in 1994.

  • 2006 On May 1, 2006, newly elected Bolivian president Evo Morales announced plans to nationalize the country's natural gas industry; foreign-based companies were given six months to renegotiate their existing contracts.
  • 2008 On May 1, 2008, the nationalization of Bolivia's leading telecommunications company Entel was completed, previously having been owned by Telecom Italia.[4]
  • 2010 On May 1, 2010, the government nationalized the country's main hydroelectric plant, thereby assuming control over most of Bolivia's electrical generation and end-user sales.[4]
  • 2012 On May 1, 2012, the Morales government nationalized power grid operator Transportadora de Electricidad (TDE), until then 99.94% owned by Red Eléctrica de España. TDE owns and runs 73% of the power lines in Bolivia.[4]


Channel IslandsEdit




On the break-up of Yugoslavia, The HDZ government nationalized private agricultural property and rezoned it under the guise of forest statesmanship, when their publicly professed agenda was to only complete the nationalization of the communists. Much of this land is in the process of being reinstated and the model rethought.


After the Cuban Revolution of 1959 the Castro government gradually expropriated all foreign-owned private companies, most of which were owned by American corporations and individuals. The immediate trigger was the refusal by American-owned oil refineries to refine the crude oil received from the Soviet Union. Faced with the prospect of no oil, Cuba nationalized the three American refineries. This action escalated the US embargo on Cuba, which responded by nationalizing all American owned property. Eventually all Cuban private property, largely owned by Cubans sympathetic to the Batista led dictatorship, was nationalized.

Beginning in 1966, the Castro government nationalized all remaining privately owned businesses in Cuba, down to the level of street vendors. The process accelerated on March 14, 1968, with a new "revolutionary offensive."[5]

Castro had offered bonds at 4.5% interest over twenty years to U.S. companies, but U.S. ambassador Philip Bonsal requested the compensation up front and rejected the offer.[6] A minor amount of $1.3 million, was paid to U.S. interests before deteriorating relations ended all cooperation between the two governments.[6] The U.S. established a registry of claims against the Cuban government, ultimately developing files on 5,911 specific companies. The Cuban government has refused to discuss the compensation of U.S. claims and the U.S. government continues to insist on compensation for U.S. companies.[citation needed]




  • 1993 A minor part of the banking sector is nationalized, Omaisuudenhoitoyhtiö Arsenal was created to solve the banking crisis.
  • 2015: Talvivaara Sotkamo Ltd which operated a nickel mine in Sotkamo, went bankrupt in November 2014, and the Finnish state immediately took over the mine in order to stabilize the mine's operations in order to prevent environmental damage. Terrafame, which is wholly owned by the Finnish state, bought the mine from the bankruptcy estate for one euro in August 2015. Since then, efforts have been made to privatize the mine. The state's holding in November 2020 was still 71.2%.


Nationalisation dates back to the 'regies' or state monopolies organized under the Ancien Régime, for example, the monopoly on tobacco sales. Communications companies France Telecom and La Poste are relics of the state postal and telecommunications monopolies.

There was a major expansion of the nationalised sector following World War II.[7] A second wave followed in 1982.

The Paris regional transport operator, RATP Group, can also be counted as a nationalised industry.


The railways were nationalised after World War I. Partial privatisation of Deutsche Bahn was planned in 2008 but stopped due to the World Economic Crisis. As of 2020 there are no plans for privatisation.

Large sections of the mining, banking, and shipping industries either became dependent on government money or were placed entirely under care of the Weimar Republic in the wake of the Great Depression; these were later reprivatized between 1934-1937 by the Nazi regime.[8]

Nationalization under Nazi Germany was substantial. Over 500 major companies were either nationalized or absorbed by state-owned companies, one of the largest being the Hermann Göring Works (iron), mostly operated by the Nazi Party apparatus.[9]

Most enterprises in East Germany were nationalised following World War II. After reunification, an agency, Treuhand, was established to return them to private ownership, however many were liquidated.

  • 2008 Renationalization of the "Bundesdruckerei" (Federal Print Office), which had been privatized in 2001.







Railways were nationalised in the 1940s as Córas Iompair Éireann.

  • 2007 On August 3, 2007, the Irish government were offered a stake in Eircom's copper network infrastructure.[13] Ireland's telephone networks were privatised in 1999.
  • 2009 On January 16, 2009, the Irish Government nationalised Anglo Irish Bank to secure the bank's viability.[14]
  • 2010 State-owned Anglo Irish Bank is to take majority control of one of Ireland's largest companies QUINN group bringing it under Public ownership.[15]



  • 1905 The railways were nationalised as Ferrovie dello Stato.
  • 1978 The formation of the National Health Service provided free healthcare to all citizens, still some private spending but 77% is public.

The regime of Benito Mussolini extended nationalisation, creating the Istituto per la Ricostruzione Industriale (IRI) as a State holding company for struggling firms, including the car maker Alfa Romeo. A parallel body, Ente Nazionale Idrocarburi (Eni) was set up to manage State oil and gas interests. Fascist Italy had nationalized over three-quarters of its economy by 1939, more so than any nation other than the Soviet Union. Mussolini had earlier boasted in 1934 that “Three-fourths of Italian economy, industrial and agricultural, is in the hands of the state." By 1939 the Italian state had taken over four-fifths of Italy's shipping and shipbuilding, three-fourths of pig iron production, and nearly half of the steel industry.



Many lands, enterprises and industries were also nationalized by the Soviet Civil Administration and the Worker's Party-dominated provisional government in northern Korea after World War II, which later became the Democratic People's Republic of Korea in 1948.


In 2011 Snoras bank was nationalized.


In 2008 Parex Bank was nationalized.



The NetherlandsEdit

  • 2008 The state nationalizes the Dutch activities of Belgian-Dutch banking and insurance company Fortis, which had come in solvability problems due to the international financial crisis.
  • 2013 SNS Bank is nationalized. It had been in trouble for more than a year, not able to find a private investor. On February 1, 2013, Jeroen Dijselbloem (Dutch Minister of Finance) declares SNS nationalized.

New ZealandEdit


  • 1972: On January 2, 1972, Prime Minister Zulfiqar Ali Bhutto, after East Pakistan broke away, announced the nationalisation of all major industries, including iron and steel, heavy engineering, heavy electricals, petrochemicals, cement and public utilities except textiles industry and lands. The process was effectively ended after the overthrow of Prime Minister Bhutto in Operation Fair Play.[19]


During the dictatorship of Ferdinand Marcos, important companies such as Philippine Long Distance Telephone Company (PLDT), Philippine Airlines, Meralco and the Manila Hotel were nationalized. Other companies were sometimes absorbed into these government-owned corporations, as well as other companies, such as National Power Corporation (Napocor) and the Philippine National Railways, which in their own right are monopolies (exceptions are Meralco and the Manila Hotel). Today, these companies have been reprivatized and some, such as PLDT and Philippine Airlines, have been de-monopolized. Others, like government-owned and controlled corporation Napocor, are in the process of privatization.



  • 1974 In the years following the Carnation Revolution, the Junta de Salvação Nacional and Provisional Governments nationalized all the banking, insurance, petrol and industrial companies. Among those companies were Companhia União Fabril (CUF), the assets of the Champalimaud family and SONAE. Along with the telecommunications companies, which were state-owned even before the Revolution, many of the nationalized companies were reprivatized in the 1980s and 1990s. In the agricultural sector, according to government estimates, about 900,000 hectares (2,200,000 acres) of agricultural land were occupied between April 1974 and December 1975 in the name of land reform; about 32% of the occupations were ruled illegal. In January 1976, the government pledged to restore the illegally occupied land to its owners, and in 1977, it promulgated the Land Reform Review Law. Restoration of illegally occupied land began in 1978.[22][23]
  • 2008: BPN - Banco Português de Negócios bank nationalised to prevent its collapse.


  • 1948 With the Decree 119 of June 11, 1948, the new Communist regime nationalised all private companies and their assets leading to the transformation of the economy from a market economy to a planned economy.
  • 1950 With the Decree 92 of April 19, 1950, a huge number of private houses and lands are confiscated.

Russia/Soviet UnionEdit

Saudi ArabiaEdit

  • The government nationalized the oil producer company Aramco in 1980.


Sri LankaEdit


  • 1939-1948 Nationalisation of most of the private railway companies.
  • 1957 The mining company LKAB is nationalized. The state had owned 50% of the corporation's shares, with options to buy the remainder, since 1907.[44]
  • 1992 A minor part of the banking sector is nationalized.[45]


The Arusha Declaration was proclaimed in 1967 by President Julius Nyerere, which aimed to achieve self-reliance through nationalising key sectors of the economy such as banks, large industries and plantations were therefore nationalised. This failed, worsening Tanzania's economic problems until foreign aid and liberalisation took effect in the 1980s and 1990s.[46]


After the abolition of Capitulations of the Ottoman Empire by the Treaty of Lausanne (1923), foreign concessions were suppressed, rail transport, electric power generation and distribution, telephone network and other big industrial firms were nationalized by Turkish government between 1928 and 1940.[47]

United KingdomEdit

Nationalization was a key feature of the first post World War II Labour government, from 1945 to 1951 under Clement Attlee. The coal and steel industries were just two of many industries or services to be nationalised, while the formation of the National Health Service in 1948 entitled everyone to universal health care. The subsequent Conservative governments led by Winston Churchill, Anthony Eden, Harold Macmillan, Alec Douglas-Home and Edward Heath allowed practically all of the nationalized industries and services to remain in public ownership, as part of the Post-War Consensus. However, the election victory of Margaret Thatcher's Conservatives in 1979 saw the vast majority of nationalized industries, services and utilities privatized within a decade, although the National Health Service was allowed to continue. The Labour Party initially opposed Thatcher's privatization, but the party's commitment to nationalisation had been abandoned by the time it swept back into power in 1997 under Tony Blair.[77] However, in February 2008, Blair's successor Gordon Brown nationalized the failing Northern Rock bank during the Great Recession.[78] The much larger Royal Bank of Scotland and Halifax Bank of Scotland were partially nationalized for the same reason in October of that year. After nearly four years in public ownership, Northern Rock was sold to Virgin Money and Royal Bank of Scotland agreed a branch sale to the Santander Group in November 2011. However, Royal Bank of Scotland and Lloyds remain in public ownership five years later and in November 2012 the Public Accounts Committee warned that it could be many years before the banks are sold and the £66 billion so far invested in these banks may never be recovered.[79]

British assets nationalised by other countriesEdit

United StatesEdit


  • 1916, nationalization of the Puerto Cabello and Valencia railway under the rule of Juan Vicente Gómez.[89]
  • 1976, foundation of PDVSA with the nationalization of the Venezuelan oil industry under the presidency of Carlos Andrés Pérez.
  • 2007 On May 1, 2007, the government stripped the world's biggest oil companies of operational control over massive Orinoco Belt crude projects, a controversial component in President Hugo Chávez's nationalization drive.
  • 2008 On April 3, 2008, Chávez ordered the nationalization of the cement industry.[90]
  • 2008 On April 9, 2008, Chávez ordered the nationalization of Venezuelan steel mill Sidor, in which Luxembourg-based Ternium currently holds a 60% stake. Sidor employees and the Government hold a 20% stake respectively.[91]
  • 2008 On August 19, 2008, Chávez ordered the take-over of a cement plant owned and operated by Cemex, an international cement producer. While shares of Cemex fell on the New York Stock Exchange, the cement plant comprises only about 5% of the company's business, and is not expected to adversely affect the company's ability to produce in other markets. Chávez has been looking to nationalize the concrete and steel industries of his country to meet home building and infrastructure goals.[92]
  • 2009 On February 28, 2009, Chávez ordered the army to take over all rice processing and packaging plants.[93]
  • 2010 On January 20, 2010, Chávez signed an ordinance to nationalize six supermarkets under the system of retail stores of a French company because of increasing price and speculation hoarding illicit.[94]
  • 2010 On June 24, 2010, Venezuela announced the intention to nationalize oil drilling rigs belonging to the U.S. company Helmerich & Payne.[95]
  • 2010 On October 25, 2010, Chávez announced that the government was nationalizing two U.S.-owned Owens-Illinois glass-manufacturing plants.[96]
  • 2010 On October 31, 2010, Chávez said his government will take over the Sidetur steel manufacturing plant. Sidetur is owned by Vivencia, which had two mineral plants appropriated by the government in 2008.[96]
  • 2015 Venezuelan President Nicolás Maduro promises to nationalize food distribution.[97]


  • According to the Constitution of the Socialist Republic of Vietnam in 1980, land ownership of farmers disappeared, the State owned land across the country and people have the right to temporary use of land, as a slow result of the Land reform in North Vietnam from 1953 to 1956.[98][99]
  • After the Fall of Saigon in 1975, the government nationalized nearly all the property of the "landlords" and "comprador" in South Vietnam, property of the church and of the government of South Vietnam. All private enterprise was nationalized without compensation down to the street vendors, however "shadow companies" continued to operate.


  • Zimbabwe has nationalized its food distribution infrastructure.

Other countriesEdit


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