Formal & Mobile Money Borrowing Statistics in Costa Rica (2026)
In 2024, 14.2% of adults in Costa Rica borrowed from a formal financial institution or using a mobile money account, according to World Bank Global Findex data. Down from 17.5% in 2021 to 14.2% in 2024 (−3.2 percentage points). Costa Rica ranks #14 of 20 economies in Latin America & Caribbean on this measure, and #86 of 142 globally.
Key Statistics
- Latest value (2024)
- 14.2% (2024)
- Formal & Mobile Money Borrowing in Costa Rica as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2021
- −3.2 pp (2024)
- Down from 17.5% in 2021 to 14.2% in 2024 (−3.2 percentage points).
- Earliest value in this dataset (2014)
- 20.4% (2014)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 20.4% in 2014 to 14.2% in 2024.
- Peak value (2017)
- 21.2% (2017)
- Highest value in the available series; the 2024 value is 14.2%.
- Rank in Latin America & Caribbean
- #14 of 20 (2024)
- Costa Rica ranks 14 of 20 countries in Latin America & Caribbean with data, based on each country's latest value.
- Global rank
- #86 of 142 (2024)
- Costa Rica ranks 86 of 142 countries with data globally.
- Latin America & Caribbean average
- 19.8% (2024)
- Costa Rica (14.2%) is below the average of 19.8% across the 20 countries in Latin America & Caribbean with data.
- Borrowed from a formal bank or similar financial institution (% age 15+) (2024)
- 14.2% (2024)
- Related indicator from World Bank Global Findex.
- Internet use in Costa Rica (2024)
- 87.2% (2024)
- 87.2% of the population in Costa Rica used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 5.1 million (2024)
- Costa Rica had a population of 5.1 million in 2024 (World Bank); shown for scale only.
Trend, 2014–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 14.2% | −3.2 pp |
| 2021 | 17.5% | −3.8 pp |
| 2017 | 21.2% | +0.8 pp |
| 2014 | 20.4% | — |
Frequently asked questions
What share of adults in Costa Rica borrowed from a formal financial institution or using a mobile money account?
14.2% of adults in Costa Rica borrowed from a formal financial institution or using a mobile money account in 2024, according to World Bank Global Findex data.
Where does the formal & mobile money borrowing data for Costa Rica come from?
The data comes from the World Bank Global Findex (indicator fin22a.22a1.22g.d). The latest observation for Costa Rica is from 2024; the snapshot was retrieved on 2026-06-10.
How has formal & mobile money borrowing in Costa Rica changed over time?
World Bank Global Findex data show a decline from 20.4% in 2014 to 14.2% in 2024.
Source & methodology
Source: World Bank Global Findex, indicator
fin22a.22a1.22g.d, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .