National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Costa Rica
CRINAEXCP03STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,755,386,050,000.00
Year-over-Year Change
9.69%
Date Range
1/1/1991 - 7/1/2023
Summary
This economic indicator measures government final consumption expenditure in Costa Rica, a key component of the country's GDP. It provides insight into the size and role of the public sector in the broader 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
Government final consumption expenditure includes spending by all levels of government on goods and services, a critical factor in understanding Costa Rica's economic activity and policy. This indicator is used by economists and policymakers to analyze the government's fiscal position and its impact on overall GDP.
Methodology
The data is collected and calculated by the Costa Rican Central Bank as part of the country's national accounts.
Historical Context
This indicator is closely watched by investors, analysts, and policymakers to gauge the government's fiscal stance and its influence on Costa Rica's economic performance.
Key Facts
- Costa Rica's government consumption expenditure was 15.5% of GDP in 2021.
- This indicator has grown at an average annual rate of 3.2% over the past decade.
- Government spending accounts for a significant portion of Costa Rica's economic activity.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the final consumption expenditure of the government in Costa Rica, which includes spending on goods and services by all levels of government.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the size and role of the public sector in Costa Rica's economy, which is crucial for understanding the country's fiscal position and its impact on overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Costa Rican Central Bank as part of the country's national accounts.
Q: How is this trend used in economic policy?
A: This indicator is closely monitored by investors, analysts, and policymakers to gauge the government's fiscal stance and its influence on Costa Rica's economic performance.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule of the Costa Rican Central Bank and may have a slight delay in availability.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Costa Rica (CRINAEXCP03STSAQ), retrieved from FRED.