Costa Rica vs Nicaragua

Costa Rica vs Nicaragua: Government debt

Government debt in 2025: 60.4% of GDP in Costa Rica and 34.6% of GDP in Nicaragua, by IMF estimates. In 2025 the value was higher in Costa Rica, by 25.8 percentage points, or 1.74 times that in Nicaragua.

% of GDP · IMF

Costa Rica vs Nicaragua: Government debtGovernment debt in 2025: 60.4% of GDP in Costa Rica and 34.6% of GDP in Nicaragua, by IMF estimates. In 2025 the value was higher in Costa Rica, by 25.8 percentage points, or 1.74 times that in Nicaragua.
Costa RicaNicaraguaIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Costa Rica has been higher since 2011, when it overtook Nicaragua.
  • In 2025, Costa Rica ranked 55 and Nicaragua ranked 117 of 149 countries, counting from the highest.
  • The IMF projection (World Economic Outlook, October 2026) puts Costa Rica at 62.4% of GDP and Nicaragua at 26.8% of GDP in 2031.

Every year

% of GDP · IMF

YearCosta RicaNicaragua
202560.434.6
202458.937.9
202360.442.4
202261.445.9
20216748.4
202066.549.2
201956.144.2
201851.739.1
201747.134.7
201644.130.9
201539.828.9
201437.428.7
201335.128.8
201233.727.9
201129.528.8
201028.130.4
20092629.3
20082426
20072730.9
20063351.2
200537.366.6
20044184.1
200340.6109.5
200241.4110.4
200139.687.5
200038.995.2
19993999.8
199840.786.5
199730.686.4
199633.7–
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearCosta RicaNicaragua
202661.831.7
202762.828.8
202863.328.4
202963.327.9
20306327
203162.426.8

Each country on its own

Good to know

  • What the government owes, as a share of the economy’s yearly output.
  • Source: IMF, World Economic Outlook, October 2026.
  • The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
  • Ranks count the 149 countries with a value in 2025, highest first.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

Costa Rica vs Nicaragua

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