General Government Gross Debt for Costa Rica
CRIGGXWDGGDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.69
Year-over-Year Change
3.57%
Date Range
1/1/1996 - 1/1/2030
Summary
The General Government Gross Debt for Costa Rica measures the total outstanding debt owed by the country's central government and local governments. This metric is crucial for economists and policymakers to assess Costa Rica's fiscal health and ability to service its debt obligations.
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
The General Government Gross Debt for Costa Rica represents the consolidated debt of the central government, state governments, and local governments. It includes both domestic and foreign-held debt, and is a key indicator of the government's overall indebtedness and fiscal sustainability.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on reports from the Costa Rican government.
Historical Context
Policymakers and investors use this metric to evaluate Costa Rica's fiscal policies, debt management, and creditworthiness.
Key Facts
- Costa Rica's general government gross debt was 70.4% of GDP in 2021.
- The government debt-to-GDP ratio has increased from 48.2% in 2015.
- Costa Rica's debt levels are above the Latin American average.
FAQs
Q: What does this economic trend measure?
A: The General Government Gross Debt for Costa Rica measures the total outstanding debt owed by the country's central government and local governments.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for evaluating Costa Rica's fiscal health, debt sustainability, and creditworthiness, which are important considerations for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on reports from the Costa Rican government.
Q: How is this trend used in economic policy?
A: Policymakers and investors use this metric to assess Costa Rica's fiscal policies, debt management, and overall economic stability, which informs decisions about government spending, taxation, and borrowing.
Q: Are there update delays or limitations?
A: The data is reported annually by the IMF, so there may be a delay of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, General Government Gross Debt for Costa Rica (CRIGGXWDGGDP), retrieved from FRED.