Costa Rica recorded a Government Budget deficit equal to 5.90 percent of the country's Gross Domestic Product in 2018.

Government Budget in Costa Rica averaged -3.34 percent of GDP from 1991 until 2018, reaching an all time high of 0.60 percent of GDP in 2007 and a record low of -5.90 percent of GDP in 2018. This page provides - Costa Rica Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Budget in Costa Rica is expected to be -5.00 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Costa Rica Government Budget is projected to trend around -6.20 percent of GDP in 2020, according to our econometric models.

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Costa Rica Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-5.90 -5.40 0.60 -5.90 1991 - 2018 percent of GDP Yearly

Costa Rica Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.