Costa Rica Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Costa Rica's credit to gdp was 47.95% in 2025, ranked 67th globally. This represents a 7.7% decrease from 2024. Data from World Bank, covering 2005–2025.
Overview
Costa Rica's credit to gdp stood at 47.95% in 2025, a decline of +4.01% from 2024. Based on recent trends, this figure is projected to reach 47.95% by 2025. Costa Rica ranked 67th globally.
Costa Rica’s credit to GDP ratio has risen steadily over the 21‑year series, moving from an all‑time trough of 35.86 in 2005 to a peak of 60.30 in 2018 before easing to 47.95 in 2025, placing the country 67th in the global ranking. The post‑peak decline reflects a modest slowdown in credit expansion after the 2018 high, yet the 2025 figure remains markedly above the early‑2000s level, indicating that the financial sector retains a higher leverage base than a decade ago. Compared with peers of similar rank, Costa Rica’s ratio is virtually identical to the Philippines at 47.97 and modestly above Trinidad and Tobago’s 46.23, suggesting a comparable credit environment within the region. The upward trajectory since 2005 has been driven by expanding private sector borrowing and supportive monetary policy, while the recent pull‑back may signal tighter credit standards. Continued economic growth and stable inflation could sustain incremental credit growth, whereas a sharp external shock or fiscal tightening would likely reverse the current trend.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 43.58% | - | - |
| 2026* trend | 45.77% | - | - |
| 2025* trend | 47.95% | - | - |
| 2025 | 47.95% | −4.01% | #67 |
| 2024 | 51.96% | +0.84% | #73 |
| 2023 | 51.12% | −1.54% | #89 |
| 2022 | 52.66% | −3.93% | #97 |
| 2021 | 56.59% | −3.55% | #103 |
| 2020 | 60.14% | +3.96% | #104 |
| 2019 | 56.18% | −4.13% | #112 |
| 2018 | 60.30% | +0.62% | #118 |
| 2017 | 59.69% | +1.05% | #120 |
| 2016 | 58.64% | +3.51% | #120 |
| 2015 | 55.13% | +2.03% | #112 |
| 2014 | 53.10% | +3.37% | #106 |
| 2013 | 49.73% | +2.28% | #102 |
| 2012 | 47.45% | +1.43% | #99 |
| 2011 | 46.02% | +1.71% | #98 |
Detected Pattern
Analysis
Costa Rica matched the Orthodox Tightening Cycle pattern in 1995. Historically, 57% of countries showing this pattern (177 out of 311) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Costa Rica's credit to gdp was 47.95% in 2025. Ranked 67th globally. This represents a 7.7% decrease from the previous year.
Costa Rica's credit to gdp peaked at 60.30% in 2018.
The lowest credit to gdp in Costa Rica was 35.86% in 2005.
Costa Rica ranks 67th globally in credit to gdp as of 2025.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
Costa Rica's credit to gdp is projected to reach 47.95% by 2025 based on trend extrapolation.
The credit to gdp of Costa Rica in 2025 was 47.95%. This ranks 67th in the world.
Cite this page
@misc{historysaid_costa-rica_credit-to-gdp,
title = {Costa Rica Credit to GDP},
url = {https://historysaid.com/costa-rica/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}