Government Spending in Costa Rica increased to 1203286.90 CRC Million in the third quarter of 2019 from 1191511.60 CRC Million in the second quarter of 2019. Costa Rica Government Spending - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Government Spending in Costa Rica averaged 852240.25 CRC Million from 1991 until 2019, reaching an all time high of 1203286.90 CRC Million in the third quarter of 2019 and a record low of 579742 CRC Million in the first quarter of 1991. This page provides the latest reported value for - Costa Rica Government Spending - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Government Spending in Costa Rica is expected to be 1200061.00 CRC Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Costa Rica to stand at 1206461.00 in 12 months time. In the long-term, the Costa Rica Government Spending is projected to trend around 1242655.00 CRC Million in 2021 and 1279935.00 CRC Million in 2022, according to our econometric models.

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Costa Rica Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1203286.90 1191511.60 1203286.90 579742.00 1991 - 2019 CRC Million Quarterly
Constant Prices 2012

Costa Rica Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.