Government Spending in Costa Rica increased to 1222848.20 CRC Million in the fourth quarter of 2019 from 1208957.70 CRC Million in the third quarter of 2019.

Government Spending in Costa Rica averaged 855582.68 CRC Million from 1991 until 2019, reaching an all time high of 1222848.20 CRC Million in the fourth quarter of 2019 and a record low of 579700.90 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 May of 2020.

Government Spending in Costa Rica is expected to be 1179318.00 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 1230185.00 in 12 months time. In the long-term, the Costa Rica Government Spending is projected to trend around 1246663.00 CRC Million in 2021 and 1284063.00 CRC Million in 2022, according to our econometric models.

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Costa Rica Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1222848.20 1208957.70 1222848.20 579700.90 1991 - 2019 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 1222848.20 1208957.70 1222848.20 579700.90 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 33.00 [+]

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.