Government Spending in Costa Rica decreased to 1190126.40 CRC Million in the first quarter of 2020 from 1197611.90 CRC Million in the fourth quarter of 2019.

Government Spending in Costa Rica averaged 858371.80 CRC Million from 1991 until 2020, reaching an all time high of 1208747 CRC Million in the first quarter of 2019 and a record low of 579530.90 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. Costa Rica Government Spending - values, historical data and charts - was last updated on July of 2020.

Government Spending in Costa Rica is expected to be 1172689.00 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 1253419.00 in 12 months time. In the long-term, the Costa Rica Government Spending is projected to trend around 1190748.00 CRC Million in 2021 and 1226471.00 CRC Million in 2022, according to our econometric models.

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Costa Rica Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1190126.40 1197611.90 1208747.00 579530.90 1991 - 2020 CRC Million Quarterly
Constant Prices 2012

Costa Rica Government Last Previous Highest Lowest Unit
Government Debt to GDP 77.47 65.79 77.47 37.08 percent [+]
Government Budget -5.70 -4.70 0.60 -5.70 percent of GDP [+]
Government Budget Value -558283.26 -361455.18 166539.98 -2524255.17 CRC Million [+]
Government Spending 1190126.40 1197611.90 1208747.00 579530.90 CRC Million [+]
Government Revenues 1366572.21 827404.10 5356148.41 117111.90 CRC Million [+]
Fiscal Expenditure 1924855.47 1188859.28 7880403.58 165441.00 CRC Million [+]
Credit Rating 31.00 [+]


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.