Dynamic mode decomposition (DMD) has been used for experimental and numerical data analysis in fluid dynamics. Despite of its advantages, the application of the DMD methodology to investigate the natural circulation in nuclear reactors are very scarce in literature. In this paper it is applied the traditional DMD and its variation, the sparsity-promoting dynamic mode decomposition (SPDMD), for analysis of temperature and velocity fields data, generated by computational simulation of an experimental setup in reduced scale, similar to a heat removal system by natural circulation of a pool-type research reactor. Firstly the numerical data is partitioned, using a space-time correlation approach, in order to identify fundamental sequences to compute the dynamic modes. Next, the DMD and SPDMD methodologies are applied over each subsequence to obtain the dynamic modes of the temperature and velocity fields. Finally the flow fields are reconstructed and compared with the original numerical data. The conclusion is that the SPDMD performs better than DMD to represent both the temperature and velocity data.