Costa Rica recorded a Government Budget deficit equal to 5.70 percent of the country's Gross Domestic Product in 2019.

Government Budget in Costa Rica averaged -3.38 percent of GDP from 1991 until 2019, reaching an all time high of 0.60 percent of GDP in 2007 and a record low of -5.70 percent of GDP in 2019. This page provides - Costa Rica Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Costa Rica Government Budget - values, historical data and charts - was last updated on August of 2020.

Government Budget in Costa Rica is expected to reach -7.40 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Costa Rica Government Budget is projected to trend around -6.10 percent of GDP in 2021 and -5.70 percent of GDP in 2022, according to our econometric models.

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Costa Rica Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-5.70 -4.70 0.60 -5.70 1991 - 2019 percent of GDP Yearly

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 -1049419.08 -786352.27 166539.98 -2524255.17 CRC Million [+]
Government Spending 1190126.40 1197611.90 1208747.00 579530.90 CRC Million [+]
Government Revenues 1998855.88 1672912.67 5356148.41 117111.90 CRC Million [+]
Fiscal Expenditure 3048274.96 2459264.94 7880403.58 165441.00 CRC Million [+]
Credit Rating 31.00 [+]


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.