Private credit by deposit money banks to GDP in Costa Rica
Costa Rica: Private credit by deposit money banks to GDP was 56.0% in 2021. ▲ Rising
Private credit by deposit money banks to GDP in Costa Rica, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, private credit by deposit money banks to gdp in Costa Rica stood at 56.0%.
That represents a change of down 5.7% on the previous year and up 23.2% over ten years.
Over the whole period, private credit by deposit money banks to gdp in Costa Rica peaked at 59.4% in 2020 and was at its lowest, 10.7%, in 1995.
That places Costa Rica 73rd out of 187 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 62 years of available data.
Private credit by deposit money banks to GDP in Costa Rica, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 27.0% | — |
| 1961 | 27.2% | +0.5% |
| 1962 | 25.8% | -5.2% |
| 1963 | 26.7% | +3.7% |
| 1964 | 29.2% | +9.4% |
| 1965 | 29.9% | +2.2% |
| 1966 | 27.7% | -7.3% |
| 1967 | 27.4% | -1.1% |
| 1968 | 25.9% | -5.3% |
| 1969 | 25.2% | -2.7% |
| 1970 | 25.4% | +0.7% |
| 1971 | 29.6% | +16.5% |
| 1972 | 28.8% | -2.7% |
| 1973 | 25.6% | -11.3% |
| 1974 | 28.0% | +9.6% |
| 1975 | 29.2% | +4.4% |
| 1976 | 28.6% | -2.2% |
| 1977 | 26.4% | -7.8% |
| 1978 | 28.5% | +8.1% |
| 1979 | 29.5% | +3.3% |
| 1980 | 27.7% | -5.8% |
| 1981 | 23.2% | -16.4% |
| 1982 | 18.7% | -19.3% |
| 1983 | 21.4% | +14.1% |
| 1984 | 19.9% | -6.9% |
| 1985 | 19.0% | -4.4% |
| 1986 | 17.9% | -6.0% |
| 1987 | 19.0% | +6.0% |
| 1988 | 17.8% | -6.3% |
| 1989 | 16.3% | -8.0% |
| 1990 | 15.8% | -3.0% |
| 1991 | 11.0% | -30.5% |
| 1992 | 12.5% | +13.2% |
| 1993 | 14.3% | +15.1% |
| 1994 | 14.0% | -2.5% |
| 1995 | 10.7% | -23.3% |
| 1996 | 13.6% | +26.8% |
| 1997 | 14.8% | +8.8% |
| 1998 | 19.1% | +28.7% |
| 1999 | 22.5% | +17.8% |
| 2000 | 25.5% | +13.6% |
| 2001 | 28.2% | +10.7% |
| 2002 | 30.4% | +7.6% |
| 2003 | 31.6% | +4.0% |
| 2004 | 31.8% | +0.8% |
| 2005 | 35.3% | +11.0% |
| 2006 | 37.4% | +5.9% |
| 2007 | 43.3% | +15.7% |
| 2008 | 48.9% | +12.9% |
| 2009 | 47.0% | -3.9% |
| 2010 | 43.7% | -7.1% |
| 2011 | 45.5% | +4.2% |
| 2012 | 46.9% | +3.2% |
| 2013 | 49.1% | +4.7% |
| 2014 | 52.5% | +6.9% |
| 2015 | 54.5% | +3.8% |
| 2016 | 57.8% | +6.2% |
| 2017 | 58.6% | +1.3% |
| 2018 | 59.4% | +1.4% |
| 2019 | 55.2% | -7.0% |
| 2020 | 59.4% | +7.6% |
| 2021 | 56.0% | -5.7% |
Costa Rica compared with similar countries
- Costa Rica's 56.0% is below the median for high income countries, which is 79.1%, 71% of the median. (62 countries reporting)
- Costa Rica's 56.0% is above the median for Latin America & Caribbean, which is 50.9%, 1.1× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 27.2% | 25.2% | 29.9% | 10 |
| 1970s | 28.0% | 25.4% | 29.6% | 10 |
| 1980s | 20.1% | 16.3% | 27.7% | 10 |
| 1990s | 14.8% | 10.7% | 22.5% | 10 |
| 2000s | 36.0% | 25.5% | 48.9% | 10 |
| 2010s | 52.3% | 43.7% | 59.4% | 10 |
| 2020s | 57.7% | 56.0% | 59.4% | 2 |
Countries ranked near Costa Rica
- 70 Grenada 57.3% compare
- 71 Greece 56.8% compare
- 72 Russian Federation 56.3% compare
- 74 United States of America 54.6% compare
- 75 Saudi Arabia 54.0% compare
- 76 Croatia 54.0% compare
More financial sector data for Costa Rica
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 18.96 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0007 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 13.85 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 18.96 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is private credit by deposit money banks to gdp in Costa Rica?
- Private credit by deposit money banks to gdp in Costa Rica was 56.0% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks to gdp recorded in Costa Rica?
- The highest recorded value was 59.4% in 2020.
- What is the lowest private credit by deposit money banks to gdp recorded in Costa Rica?
- The lowest recorded value was 10.7% in 1995.
- How does Costa Rica rank for private credit by deposit money banks to gdp?
- Costa Rica ranks 73rd out of 187 countries with data for 2021.
- Is private credit by deposit money banks to gdp rising or falling in Costa Rica?
- Over the last ten years it is up 23.2%. The long-run trend across the full record is rising.
- Where does this Costa Rica data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks (IFS line 22d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).