Costa Rica - Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in Costa Rica was 59.71 as of 2020. Its highest value over the past 60 years was 59.71 in 2020, while its lowest value was 10.72 in 1995.

Definition: Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.

Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1960 27.05
1961 27.17
1962 25.76
1963 26.71
1964 29.21
1965 29.86
1966 27.69
1967 27.38
1968 25.92
1969 25.23
1970 25.40
1971 29.59
1972 28.80
1973 25.55
1974 28.00
1975 29.24
1976 28.60
1977 26.38
1978 28.52
1979 29.47
1980 27.75
1981 23.20
1982 18.74
1983 21.38
1984 19.91
1985 19.02
1986 17.89
1987 18.96
1988 17.76
1989 16.34
1990 15.84
1991 11.01
1992 12.45
1993 14.34
1994 13.98
1995 10.72
1996 13.60
1997 14.80
1998 19.05
1999 22.45
2000 25.50
2001 28.24
2002 30.38
2003 31.59
2004 31.84
2005 35.34
2006 37.44
2007 43.30
2008 48.90
2009 46.99
2010 43.66
2011 45.47
2012 46.92
2013 49.12
2014 52.49
2015 54.48
2016 57.84
2017 58.56
2018 59.37
2019 55.53
2020 59.71

Development Relevance: Private sector development and investment - tapping private sector initiative and investment for socially useful purposes - are critical for poverty reduction. In parallel with public sector efforts, private investment, especially in competitive markets, has tremendous potential to contribute to growth. Private markets are the engine of productivity growth, creating productive jobs and higher incomes. And with government playing a complementary role of regulation, funding, and service provision, private initiative and investment can help provide the basic services and conditions that empower poor people - by improving health, education, and infrastructure.

Limitations and Exceptions: Credit to the private sector may sometimes include credit to state-owned or partially state-owned enterprises.

Statistical Concept and Methodology: Credit is an important link in money transmission; it finances production, consumption, and capital formation, which in turn affect economic activity. The data on domestic credit provided to the private sector by banks are taken from the other depository corporations survey (line 22D) of the International Monetary Fund's (IMF) International Financial Statistics. The other depository corporations include all deposit taking corporations (deposit money banks) except monetary authorities (the central bank).

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Assets