Costa Rica Lending Rate
Lending interest rate FR.INR.LEND
Costa Rica's lending rate was 8.68% in 2025, ranked 52nd globally. This represents a 18.4% increase from 2024. Data from World Bank, covering 1982–2025.
Overview
Costa Rica's lending rate stood at 8.68% in 2025, a rise of +1.35pp from 2024. Based on recent trends, this figure is projected to reach 8.68% by 2025. Costa Rica ranked 52nd globally.
Costa Rica’s lending rate has fallen sharply from an early‑record 25.00% in 1982 to 8.68% in 2025, placing the country 52nd globally. The most dramatic spike occurred in 1991, when the rate peaked at 38.88%, reflecting the severe macro‑financial stress of the early 1990s, while the post‑pandemic trough of 5.51% in 2021 marked the lowest point in the 44‑year series. The current level is slightly above Indonesia’s 8.49% and just below Jordan’s 9.04%, indicating Costa Rica remains marginally more expensive than some emerging markets but cheaper than the higher‑priced peer of Seychelles at 8.87%. The long‑term decline suggests that monetary policy has progressively anchored inflation expectations, yet the modest rise from the 2021 trough signals residual tightening pressures. Continued disinflation and deeper financial market development could sustain the downward trajectory, whereas external shocks or fiscal imbalances might halt or reverse the trend.
Data & projection
| Year | Lending Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 9.68% | - | - |
| 2026* trend | 9.18% | - | - |
| 2025* trend | 8.68% | - | - |
| 2025 | 8.68% | +1.35pp | #52 |
| 2024 | 7.33% | −1.76pp | #29 |
| 2023 | 9.10% | +1.74pp | #43 |
| 2022 | 7.36% | +1.85pp | #32 |
| 2021 | 5.51% | −1.13pp | #28 |
| 2020 | 6.64% | −2.11pp | #35 |
| 2019 | 8.75% | −2.38pp | #53 |
| 2018 | 11.12% | −0.24pp | #77 |
| 2017 | 11.37% | −0.27pp | #85 |
| 2016 | 11.64% | −2.59pp | #83 |
| 2015 | 14.23% | −0.67pp | #100 |
| 2014 | 14.90% | −0.29pp | #105 |
| 2013 | 15.19% | −3.02pp | #110 |
| 2012 | 18.21% | +2.07pp | #120 |
| 2011 | 16.15% | −0.95pp | #109 |
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 lending rate improve within 24 months. View full analysis →
Frequently Asked Questions
Costa Rica's lending rate was 8.68% in 2025. Ranked 52nd globally. This represents a 18.4% increase from the previous year.
Costa Rica's lending rate peaked at 38.88% in 1991.
The lowest lending rate in Costa Rica was 5.51% in 2021.
Costa Rica ranks 52nd globally in lending rate as of 2025.
The World Bank indicator code is FR.INR.LEND. Data sourced from World Bank.
Costa Rica's lending rate is projected to reach 8.68% by 2025 based on trend extrapolation.
The lending rate of Costa Rica in 2025 was 8.68%. This ranks 52nd in the world.
Cite this page
@misc{historysaid_costa-rica_lending-rate,
title = {Costa Rica Lending Rate},
url = {https://historysaid.com/costa-rica/lending-rate/},
publisher = {HistorySaid},
year = {2026}
}