Government Spending in Costa Rica increased to 1524899 CRC Million in the fourth quarter of 2020 from 1501742.10 CRC Million in the third quarter of 2020. source: Central Bank of Costa Rica

Government Spending in Costa Rica averaged 1062764.69 CRC Million from 1991 until 2020, reaching an all time high of 1524899 CRC Million in the fourth quarter of 2020 and a record low of 711006.80 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 2021.

Government Spending in Costa Rica is expected to be 1281564.00 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 1226469.00 in 12 months time. In the long-term, the Costa Rica Government Spending is projected to trend around 1273132.00 CRC Million in 2022 and 1312599.00 CRC Million in 2023, according to our econometric models.

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Costa Rica Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1524899.00 1501742.10 1524899.00 711006.80 1991 - 2020 CRC Million Quarterly
Constant Prices 2017

Costa Rica Government Last Previous Highest Lowest Unit
Government Debt to GDP 79.26 73.41 79.26 37.08 percent [+]
Government Budget -7.40 -5.40 0.60 -7.40 percent of GDP [+]
Government Budget Value -451174.50 -184341.18 166539.98 -2906193.83 CRC Million [+]
Government Spending 1524899.00 1501742.10 1524899.00 711006.80 CRC Million [+]
Government Revenues 912392.53 484264.98 5356148.41 117111.90 CRC Million [+]
Fiscal Expenditure 1363567.04 668606.16 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.