General Government Total Expenditure for Costa Rica
CRIGGXGDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.81
Year-over-Year Change
5.22%
Date Range
1/1/2011 - 1/1/2024
Summary
The General Government Total Expenditure for Costa Rica measures the total spending by the Costa Rican government, including both central and local governments. This metric is important for economists and policymakers to assess the fiscal policy stance and the government's role in the economy.
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
General government total expenditure encompasses all government consumption, investment, and transfer payments, providing a comprehensive view of the government's fiscal activities. It is a key indicator used to evaluate the size and scope of the public sector's involvement in the Costa Rican economy.
Methodology
This data is collected and reported by the Costa Rican government's Ministry of Finance.
Historical Context
Policymakers and analysts monitor this trend to gauge the government's fiscal policy, its impact on economic growth, and the potential need for adjustments.
Key Facts
- Costa Rica's general government expenditure was 19.4% of GDP in 2021.
- The government's expenditure-to-GDP ratio has remained relatively stable over the past decade.
- Costa Rica's government spending is primarily focused on social programs and public infrastructure.
FAQs
Q: What does this economic trend measure?
A: The General Government Total Expenditure for Costa Rica measures the total spending by the Costa Rican government, including both central and local governments.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to assess the fiscal policy stance and the government's role in the Costa Rican economy.
Q: How is this data collected or calculated?
A: This data is collected and reported by the Costa Rican government's Ministry of Finance.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge the government's fiscal policy, its impact on economic growth, and the potential need for adjustments.
Q: Are there update delays or limitations?
A: The data is published regularly by the Costa Rican government, with some potential for minor delays in reporting.
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Citation
U.S. Federal Reserve, General Government Total Expenditure for Costa Rica (CRIGGXGDP), retrieved from FRED.