Costa Rica: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Costa Rica

Fiscal balance, percent of GDP

 Latest value -4.20
 Year 2021
 Measure percent
 Data availability 1983 - 2021
 Average -3.90
 Min - Max -7.43 - 0.83
 Source Central Bank of Costa Rica
For that indicator, we provide data for Costa Rica from 1983 to 2021. The average value for Costa Rica during that period was -3.9 percent with a minimum of -7.43 percent in 2020 and a maximum of 0.83 percent in 2007. The latest value from 2021 is -4.2 percent. For comparison, the world average in 2021 based on 172 countries is -4.00 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Costa Rica - Fiscal balance, percent of GDP - Recent values chart

Historical chart
Costa Rica - Fiscal balance, percent of GDP - historical chart - 1983-2021

Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.

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 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 15.40 2022 percent
 Government spending, in dollars 12.87 2023 billion U.S. dollars
 Fiscal balance, percent of GDP -4.20 2021 percent
 Government debt 77.67 2023 percent
 Government expenditure 1,662.21 Q3/2023 billion
 Tax revenue 14.00 2021 percent
 Commercial tax rate 58.30 2019 percent
 Tax preparation time 151 2019 hours
 Number of taxes 10 2019 taxes
 Taxes on goods and services 28.47 2021 percent
 Taxes on international trade 4.29 2021 percent
 Income and profits taxes 17.65 2021 percent
 Foreign aid 77.87 2021 million U.S. dollars
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