FinObservatory

Crisis atlas / CRI

Costa Rica

88 distinct crisis events in 9 episodes, 1828–1996, from the union of five primary chronologies.

Debt profile: government debt trajectory and crisis-start levels →

8
Banking crises
9
Currency crises
71
Sovereign debt crises
88
Crisis events
1828–1996
Span

Crisis timeline

Every distinct (year, type) event, most recent first, with the chronologies flagging it. Start-year sources (GMD, JST) do not mark continuation years, so long episodes show lower agreement after their first year.

  1. 1996
    Bankingrr1 source
  2. 1995
    Currencyrr1 source
    Bankinglaeven_valencia, rr2 sources
  3. 1994
    Bankinggmd, laeven_valencia, rr3 sources
  4. 1991
    Currencygmd, laeven_valencia, rr3 sources
    Bankinglaeven_valencia, rr2 sources
  5. 1990
    Sovereign debtgmd, laeven_valencia, rr3 sources
    Bankinglaeven_valencia, rr2 sources
  6. 1989
    Sovereign debtrr1 source
    Bankinglaeven_valencia, rr2 sources
  7. 1988
    Sovereign debtrr1 source
    Bankinglaeven_valencia, rr2 sources
  8. 1987
    Sovereign debtrr1 source
    Currencyrr1 source
    Bankinggmd, laeven_valencia, rr3 sources
  9. 1986
    Sovereign debtrr1 source
  10. 1985
    Sovereign debtrr1 source
  11. 1984
    Sovereign debtrr1 source
  12. 1983
    Sovereign debtrr1 source
  13. 1982
    Sovereign debtrr1 source
  14. 1981
    Sovereign debtgmd, laeven_valencia, rr3 sources
    Currencygmd, laeven_valencia, rr3 sources
  15. 1974
    Currencyrr1 source
  16. 1962
    Sovereign debtgmd, rr2 sources
  17. 1952
    Sovereign debtrr1 source
  18. 1951
    Sovereign debtrr1 source
  19. 1950
    Sovereign debtrr1 source
  20. 1949
    Sovereign debtrr1 source
  21. 1948
    Sovereign debtrr1 source
  22. 1947
    Sovereign debtrr1 source
  23. 1946
    Sovereign debtrr1 source
  24. 1945
    Sovereign debtrr1 source
  25. 1944
    Sovereign debtrr1 source
  26. 1943
    Sovereign debtrr1 source
  27. 1942
    Sovereign debtrr1 source
  28. 1941
    Sovereign debtrr1 source
  29. 1940
    Sovereign debtrr1 source
  30. 1939
    Sovereign debtrr1 source
  31. 1938
    Sovereign debtrr1 source
  32. 1937
    Sovereign debtrr1 source
  33. 1936
    Sovereign debtrr1 source
  34. 1935
    Sovereign debtrr1 source
    Currencyrr1 source
  35. 1934
    Sovereign debtrr1 source
  36. 1933
    Sovereign debtrr1 source
    Currencygmd, rr2 sources
  37. 1932
    Sovereign debtgmd, rr2 sources
  38. 1922
    Currencyrr1 source
  39. 1920
    Currencygmd, rr2 sources
  40. 1911
    Sovereign debtrr1 source
  41. 1910
    Sovereign debtrr1 source
  42. 1909
    Sovereign debtrr1 source
  43. 1908
    Sovereign debtrr1 source
  44. 1907
    Sovereign debtrr1 source
  45. 1906
    Sovereign debtrr1 source
  46. 1905
    Sovereign debtrr1 source
  47. 1904
    Sovereign debtrr1 source
  48. 1903
    Sovereign debtrr1 source
  49. 1902
    Sovereign debtrr1 source
  50. 1901
    Sovereign debtgmd, rr2 sources
  51. 1897
    Sovereign debtrr1 source
  52. 1896
    Sovereign debtrr1 source
  53. 1895
    Sovereign debtgmd, rr2 sources
  54. 1885
    Sovereign debtrr1 source
  55. 1884
    Sovereign debtrr1 source
  56. 1883
    Sovereign debtrr1 source
  57. 1882
    Sovereign debtrr1 source
  58. 1881
    Sovereign debtrr1 source
  59. 1880
    Sovereign debtrr1 source
  60. 1879
    Sovereign debtrr1 source
  61. 1878
    Sovereign debtrr1 source
  62. 1877
    Sovereign debtrr1 source
  63. 1876
    Sovereign debtrr1 source
  64. 1875
    Sovereign debtrr1 source
  65. 1874
    Sovereign debtgmd, rr2 sources
  66. 1840
    Sovereign debtrr1 source
  67. 1839
    Sovereign debtrr1 source
  68. 1838
    Sovereign debtrr1 source
  69. 1837
    Sovereign debtrr1 source
  70. 1836
    Sovereign debtrr1 source
  71. 1835
    Sovereign debtrr1 source
  72. 1834
    Sovereign debtrr1 source
  73. 1833
    Sovereign debtrr1 source
  74. 1832
    Sovereign debtrr1 source
  75. 1831
    Sovereign debtrr1 source
  76. 1830
    Sovereign debtrr1 source
  77. 1829
    Sovereign debtrr1 source
  78. 1828
    Sovereign debtgmd, rr2 sources

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 | Laeven & Valencia (2020) | Reinhart-Rogoff via HBS BFFS | ECB/ESRB Financial Crises Database Methodology

Macro context around each episode

Inflation, central-bank policy rate, and government debt in a window of five years either side of each crisis episode (consecutive crisis years bridged across gaps of up to two years). Crisis years shaded.

1828–1840

Sovereign debt

No macro panel coverage for this window.

1874–1885

Sovereign debt

No macro panel coverage for this window.

1895–1897

Sovereign debt
Inflation (% y/y)
No data for this window
Policy rate (%)
No data for this window
Govt debt (% of GDP)
024189018951902

1901–1911

Sovereign debt
Inflation (% y/y)
No data for this window
Policy rate (%)
No data for this window
Govt debt (% of GDP)
02.557.5189619011916

1920–1922

Currency
Inflation (% y/y)
No data for this window
Policy rate (%)
No data for this window
Govt debt (% of GDP)
01020191519201927

1932–1952

Sovereign debtCurrency
Inflation (% y/y)
-2002040192719321957
Policy rate (%)
0246192719321957
Govt debt (% of GDP)
0255075192719321957

1962

Sovereign debt
Inflation (% y/y)
-2024195719621967
Policy rate (%)
0246195719621967
Govt debt (% of GDP)
0102030195719621967

1974

Currency
Inflation (% y/y)
02040196919741979
Policy rate (%)
0510196919741979
Govt debt (% of GDP)
0204060196919741979

1981–1996

CurrencySovereign debtBankingoutput loss 0.0% of GDP (Laeven-Valencia 2026)
Inflation (% y/y)
050100197619812001
Policy rate (%)
02040197619812001
Govt debt (% of GDP)
0204060197619812001

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) Inflation is % year over year; policy rate is the central-bank rate in %; government debt is % of GDP. Methodology