Government Spending in Costa Rica increased to 1566628.41 CRC Million in the first quarter of 2021 from 1533389.49 CRC Million in the fourth quarter of 2020. source: Central Bank of Costa Rica

Government Spending in Costa Rica averaged 1066940.70 CRC Million from 1991 until 2021, reaching an all time high of 1566628.41 CRC Million in the first quarter of 2021 and a record low of 711089.32 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 October of 2021.

Government Spending in Costa Rica is expected to be 1589768.00 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 1629932.00 CRC Million in 2022 and 1680460.00 CRC Million in 2023, according to our econometric models.

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Costa Rica Government Spending


Costa Rica Last Unit Reference Previous Highest Lowest
Government Budget Value -1322402.66 CRC Million Aug/21 -969205.45 166539.98 -2906193.83
Government Spending 1566628.41 CRC Million Mar/21 1533389.49 1566628.41 711089.32
Government Revenues 4025472.23 CRC Million Aug/21 3593685.76 5356148.41 117111.90
Fiscal Expenditure 5347874.89 CRC Million Aug/21 4562891.21 7880403.58 165441.00


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.