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 September 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

Actual Previous Highest Lowest Dates Unit Frequency
1566628.41 1533389.49 1566628.41 711089.32 1991 - 2021 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 of GDP [+]
Government Budget -7.40 -5.40 0.60 -7.40 percent of GDP [+]
Government Budget Value -744866.09 -609341.98 166539.98 -2906193.83 CRC Million [+]
Government Spending 1566628.41 1533389.49 1566628.41 711089.32 CRC Million [+]
Government Revenues 3147881.06 2614396.24 5356148.41 117111.90 CRC Million [+]
Fiscal Expenditure 3892747.16 3223738.22 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.