Insurance and financial services in Costa Rica
Costa Rica: Insurance and financial services was 10.0% in 2025. ▲ Rising
Insurance and financial services in Costa Rica, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
Costa Rica recorded 10.0% for insurance and financial services in 2025.
Compared with earlier readings it is up 1.4% on the previous year and down 19.6% over ten years.
Over the whole period, insurance and financial services in Costa Rica peaked at 16.7% in 2000 and was at its lowest, 2.3%, in 1991.
Costa Rica ranks 51st of 197 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 49 years of available data.
Insurance and financial services in Costa Rica, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1977 | 7.8% | — |
| 1978 | 7.6% | -2.9% |
| 1979 | 7.4% | -2.9% |
| 1980 | 6.7% | -8.7% |
| 1981 | 8.0% | +18.9% |
| 1982 | 6.1% | -24.2% |
| 1983 | 6.9% | +13.7% |
| 1984 | 8.3% | +20.3% |
| 1985 | 7.9% | -4.7% |
| 1986 | 8.5% | +6.9% |
| 1987 | 7.0% | -17.2% |
| 1988 | 7.4% | +5.8% |
| 1989 | 6.5% | -12.4% |
| 1990 | 5.9% | -8.9% |
| 1991 | 2.3% | -61.1% |
| 1992 | 6.0% | +162.5% |
| 1993 | 6.3% | +4.5% |
| 1994 | 6.3% | -0.5% |
| 1995 | 4.5% | -27.9% |
| 1996 | 4.0% | -12.1% |
| 1997 | 4.1% | +3.4% |
| 1998 | 3.2% | -21.8% |
| 1999 | 3.7% | +16.4% |
| 2000 | 16.7% | +346.4% |
| 2001 | 13.8% | -17.4% |
| 2002 | 11.3% | -18.6% |
| 2003 | 9.8% | -13.2% |
| 2004 | 10.4% | +6.7% |
| 2005 | 12.6% | +20.7% |
| 2006 | 14.6% | +16.2% |
| 2007 | 13.1% | -10.2% |
| 2008 | 13.6% | +3.5% |
| 2009 | 13.3% | -2.2% |
| 2010 | 10.6% | -20.2% |
| 2011 | 10.3% | -2.8% |
| 2012 | 9.9% | -4.3% |
| 2013 | 12.6% | +27.8% |
| 2014 | 14.1% | +11.4% |
| 2015 | 12.5% | -11.2% |
| 2016 | 11.4% | -8.4% |
| 2017 | 10.3% | -9.6% |
| 2018 | 10.1% | -2.5% |
| 2019 | 11.2% | +10.7% |
| 2020 | 15.0% | +34.3% |
| 2021 | 12.0% | -19.7% |
| 2022 | 7.2% | -40.6% |
| 2023 | 10.6% | +48.8% |
| 2024 | 9.9% | -7.0% |
| 2025 | 10.0% | +1.4% |
Costa Rica compared with similar countries
- Costa Rica's 10.0% is above the median for high income countries, which is 6.2%, 1.6× the median. (72 countries reporting)
- Costa Rica's 10.0% is below the median for Latin America & Caribbean, which is 10.1%, 99% of the median. (37 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Costa Rica changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2000 | +346.4% | 3.7% | 16.7% |
| 1992 | +162.5% | 2.3% | 6.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.6% | 7.4% | 7.8% | 3 |
| 1980s | 7.3% | 6.1% | 8.5% | 10 |
| 1990s | 4.6% | 2.3% | 6.3% | 10 |
| 2000s | 12.9% | 9.8% | 16.7% | 10 |
| 2010s | 11.3% | 9.9% | 14.1% | 10 |
| 2020s | 10.8% | 7.2% | 15.0% | 6 |
Countries ranked near Costa Rica
More economy & growth data for Costa Rica
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.74 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.3 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 466.29 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0045 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 90.49 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 5.59 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 3.39 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0543 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,084 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.52 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Costa Rica?
- Insurance and financial services in Costa Rica was 10.0% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Costa Rica?
- The highest recorded value was 16.7% in 2000.
- What is the lowest insurance and financial services recorded in Costa Rica?
- The lowest recorded value was 2.3% in 1991.
- How does Costa Rica rank for insurance and financial services?
- Costa Rica ranks 51st out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Costa Rica?
- Over the last ten years it is down 19.6%. The long-run trend across the full record is rising.
- Where does this Costa Rica data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of service imports, BoP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.