Government Spending in Costa Rica decreased to 1197723.20 CRC Million in the second quarter of 2020 from 1198341.10 CRC Million in the first quarter of 2020. source: Central Bank of Costa Rica

Government Spending in Costa Rica averaged 861319.68 CRC Million from 1991 until 2020, reaching an all time high of 1208347 CRC Million in the first quarter of 2019 and a record low of 579425.60 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 March of 2021.

Government Spending in Costa Rica is expected to be 1140278.00 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 1263598.00 in 12 months time. In the long-term, the Costa Rica Government Spending is projected to trend around 1168785.00 CRC Million in 2021 and 1203848.00 CRC Million in 2022, according to our econometric models.

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Costa Rica Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1197723.20 1198341.10 1208347.00 579425.60 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 -2906193.83 -2687450.28 166539.98 -2906193.83 CRC Million [+]
Government Spending 1197723.20 1198341.10 1208347.00 579425.60 CRC Million [+]
Government Revenues 4776052.55 4114594.86 5356148.41 117111.90 CRC Million [+]
Fiscal Expenditure 7682246.38 6802045.14 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.