Costa Rica | Broad money growth (annual %)

Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper. Limitations and exceptions: Monetary accounts are derived from the balance sheets of financial institutions - the central bank, commercial banks, and nonbank financial intermediaries. Although these balance sheets are usually reliable, they are subject to errors of classification, valuation, and timing and to differences in accounting practices. For example, whether interest income is recorded on an accrual or a cash basis can make a substantial difference, as can the treatment of nonperforming assets. Valuation errors typically arise for foreign exchange transactions, particularly in countries with flexible exchange rates or in countries that have undergone currency devaluation during the reporting period. The valuation of financial derivatives and the net liabilities of the banking system can also be difficult. The quality of commercial bank reporting also may be adversely affected by delays in reports from bank branches, especially in countries where branch accounts are not computerized. Thus the data in the balance sheets of commercial banks may be based on preliminary estimates subject to constant revision. This problem is likely to be even more serious for nonbank financial intermediaries. Statistical concept and methodology: Money and the financial accounts that record the supply of money lie at the heart of a country’s financial system. There are several commonly used definitions of the money supply. The narrowest, M1, encompasses currency held by the public and demand deposits with banks. M2 includes M1 plus time and savings deposits with banks that require prior notice for withdrawal. M3 includes M2 as well as various money market instruments, such as certificates of deposit issued by banks, bank deposits denominated in foreign currency, and deposits with financial institutions other than banks. However defined, money is a liability of the banking system, distinguished from other bank liabilities by the special role it plays as a medium of exchange, a unit of account, and a store of value.
Publisher
The World Bank
Origin
Republic of Costa Rica
Records
63
Source
Costa Rica | Broad money growth (annual %)
1960
1961 -2.86476868
1962 13.07931856
1963 10.51352665
1964 7.44649663
1965 6.60300136
1966 3.17379063
1967 33.49044902
1968 -0.66902063
1969 11.84284378
1970 6.8668451
1971 41.81732801
1972 19.5419426
1973 21.92419556
1974 30.49223779
1975 42.32655311
1976 34.36901121
1977 31.46052073
1978 27.91339173
1979 34.90724366
1980 16.15757616
1981 87.09931883
1982 27.35235012
1983 37.55014257
1984 17.74564748
1985 14.33708335
1986 20.94974619
1987 16.27016238
1988 39.82740222
1989 16.62607426
1990 27.40272451
1991 33.67292704
1992 24.16309429
1993 15.13116113
1994 21.98246041
1995 4.68747605
1996 47.58677241
1997 -45.47297403
1998 20.31059411
1999 30.14750611
2000 24.03617731
2001 154.39078285
2002 19.28433984
2003 24.67671635
2004 22.79420641
2005 27.67643605
2006 22.75513537
2007 20.46143223
2008 22.50289525
2009 9.24120092
2010 0.94128585
2011 5.43347065
2012 9.93291577
2013 9.61917073
2014 14.26858649
2015 4.02881858
2016 3.08607994
2017 1.5475479
2018 2.15916074
2019 4.03912134
2020 17.77696485
2021 8.76885327
2022 -2.35512487

Costa Rica | Broad money growth (annual %)

Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper. Limitations and exceptions: Monetary accounts are derived from the balance sheets of financial institutions - the central bank, commercial banks, and nonbank financial intermediaries. Although these balance sheets are usually reliable, they are subject to errors of classification, valuation, and timing and to differences in accounting practices. For example, whether interest income is recorded on an accrual or a cash basis can make a substantial difference, as can the treatment of nonperforming assets. Valuation errors typically arise for foreign exchange transactions, particularly in countries with flexible exchange rates or in countries that have undergone currency devaluation during the reporting period. The valuation of financial derivatives and the net liabilities of the banking system can also be difficult. The quality of commercial bank reporting also may be adversely affected by delays in reports from bank branches, especially in countries where branch accounts are not computerized. Thus the data in the balance sheets of commercial banks may be based on preliminary estimates subject to constant revision. This problem is likely to be even more serious for nonbank financial intermediaries. Statistical concept and methodology: Money and the financial accounts that record the supply of money lie at the heart of a country’s financial system. There are several commonly used definitions of the money supply. The narrowest, M1, encompasses currency held by the public and demand deposits with banks. M2 includes M1 plus time and savings deposits with banks that require prior notice for withdrawal. M3 includes M2 as well as various money market instruments, such as certificates of deposit issued by banks, bank deposits denominated in foreign currency, and deposits with financial institutions other than banks. However defined, money is a liability of the banking system, distinguished from other bank liabilities by the special role it plays as a medium of exchange, a unit of account, and a store of value.
Publisher
The World Bank
Origin
Republic of Costa Rica
Records
63
Source