Government Spending in Costa Rica decreased to 1451763.89 CRC Million in the second quarter of 2021 from 1569447.02 CRC Million in the first quarter of 2021. source: Central Bank of Costa Rica

Government Spending in Costa Rica averaged 1070410.09 CRC Million from 1991 until 2021, reaching an all time high of 1569447.02 CRC Million in the first quarter of 2021 and a record low of 709737.95 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 November of 2021.

Government Spending in Costa Rica is expected to be 1610013.00 CRC Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Costa Rica Government Spending is projected to trend around 1661533.00 CRC Million in 2022 and 1713041.00 CRC Million in 2023, according to our econometric models.

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Costa Rica Government Spending

Related Last Previous Unit Reference
Government Budget Value -1486771.58 -1322402.66 CRC Million Sep/21
Government Spending 1451763.89 1569447.02 CRC Million Jun/21
Government Revenues 4554851.98 4025472.23 CRC Million Sep/21
Fiscal Expenditure 6041623.55 5347874.89 CRC Million Sep/21
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.