Interest rate on bank loans fell 17.0% to 5.51% in Costa Rica in 2021, according to the National Central Bank.
Historically, interest rate on bank loans in Costa Rica reached an all time high of 38.9% in 1991 and an all time low of 5.51% in 2021. When compared to Costa Rica's main peers, interest rate on bank loans in Guatemala amounted to 12.2%, 16.0% in Honduras, 9.62% in Nicaragua and 6.94% in Panama in 2021.
Costa Rica has been ranked 68th within the group of 94 countries we follow in terms of interest rate on bank loans, 42 places below the position seen 10 years ago.
| Interest Rate on Bank Loans (Local Currency) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Belize | % | 10.3% | 9.84% | 9.46% | 9.12% | 9.07% | ||||||||||||||||
| Colombia | % | 11.4% | 14.6% | 13.7% | 12.1% | 11.8% | ||||||||||||||||
| Costa Rica | % | 14.2% | 11.6% | 11.4% | 11.1% | 8.75% | ||||||||||||||||
| El Salvador | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Guatemala | % | 13.2% | 13.1% | 13.1% | 12.9% | 12.7% | ||||||||||||||||
| Honduras | % | 20.7% | 19.3% | 19.3% | 17.8% | 17.3% | ||||||||||||||||
| Mexico | % | 3.44% | 4.75% | 7.33% | 8.04% | 8.43% | ||||||||||||||||
| Nicaragua | % | 12.1% | 11.4% | 10.8% | 10.9% | 12.5% | ||||||||||||||||
| Panama | % | 6.50% | 6.60% | 6.77% | 6.88% | 7.09% | ||||||||||||||||
| USA | % | 3.26% | 3.51% | 4.10% | 4.90% | 5.28% |
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