General Government Expense for Costa Rica
CRIGGEIGDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.42
Year-over-Year Change
95.05%
Date Range
1/1/2011 - 1/1/2024
Summary
The General Government Expense for Costa Rica measures the total expenses incurred by the Costa Rican government, providing insight into fiscal policy and economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This trend represents the total current and capital expenditures of the Costa Rican government, including compensation of employees, interest payments, subsidies, grants, social benefits, and other expenses. It is a key indicator of the size and role of the public sector in the Costa Rican economy.
Methodology
The data is collected and calculated by the Costa Rican Central Bank.
Historical Context
Policymakers and analysts use this metric to assess the government's fiscal position and its impact on the broader economy.
Key Facts
- Costa Rica's general government expense was 21.2% of GDP in 2021.
- Government spending has increased from 15.6% of GDP in 2010 to 21.2% in 2021.
- The largest components of government spending are social benefits and employee compensation.
FAQs
Q: What does this economic trend measure?
A: The General Government Expense for Costa Rica measures the total current and capital expenditures of the Costa Rican government, including employee compensation, interest payments, subsidies, and social benefits.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and role of the public sector in the Costa Rican economy, which is important for assessing fiscal policy and its impact on economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Costa Rican Central Bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the government's fiscal position and its implications for the broader economy, such as the impact on economic growth, inflation, and public debt.
Q: Are there update delays or limitations?
A: There may be some delays in the availability of the most recent data, as it is collected and published by the Costa Rican Central Bank.
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Citation
U.S. Federal Reserve, General Government Expense for Costa Rica (CRIGGEIGDP), retrieved from FRED.