Costa Rica fiscal deficit narrows to 3.4% of GDP

Created at 7 Jun · 12:33 UTC1 source↑ Market-relevant

IN SHORT

Costa Rica's fiscal deficit narrowed to 3.4% of GDP on a 12-month rolling basis as of March. Revenues fell to 3.7% of GDP in Q1, while expenditures declined to 4.4% of GDP. The debt-to-GDP ratio stood at 59.2% by the end of the quarter.

Key Numbers

3.4%fiscal deficit as % of GDP (March, 12m rolling)

3.7%Q1 revenues as % of GDP

4.4%Q1 expenditures as % of GDP

0.5%Q1 primary surplus as % of GDP

59.2%debt-to-GDP ratio (end-Q1)

Who's Involved

Costa Rica

nation reporting fiscal data

↳ Why This Matters

The fiscal performance of Costa Rica is closely watched by investors and international financial institutions as it impacts the country's creditworthiness and borrowing costs.

Key facts

Costa Rica's fiscal deficit narrowed to 3.4% of GDP in March (12m rolling).
Revenues decreased to 3.7% of GDP in Q1.
Expenditures declined to 4.4% of GDP in Q1.
The primary surplus fell to 0.5% of GDP in Q1.
The debt-to-GDP ratio reached 59.2% by end-Q1.

Costa Rica's fiscal deficit narrowed to 3.4% of its Gross Domestic Product (GDP) on a 12-month rolling basis as of March. During the first quarter (Q1), the nation's revenues decreased to 3.7% of GDP, while expenditures saw a decline to 4.4% of GDP. The primary surplus also contracted, falling to 0.5% of GDP in Q1 from 0.6% recorded a year prior. Concurrently, the overall fiscal deficit saw a slight increase to 0.8% of GDP from 0.7% in the same period. By the end of the first quarter, Costa Rica's debt-to-GDP ratio stood at 59.2%.

FREQUENTLY ASKED

Costa Rica's fiscal deficit narrowed to 3.4% of GDP in March on a 12-month rolling basis.

Revenues fell to 3.7% of GDP in Q1, while expenditures declined to 4.4% of GDP.

The primary surplus fell to 0.5% of GDP in Q1, down from 0.6% a year earlier.

The debt-to-GDP ratio reached 59.2% by the end of Q1.

Key facts

Costa Rica's fiscal deficit narrowed to 3.4% of GDP in March (12m rolling).

Revenues decreased to 3.7% of GDP in Q1.

Expenditures declined to 4.4% of GDP in Q1.

The primary surplus fell to 0.5% of GDP in Q1.

The debt-to-GDP ratio reached 59.2% by end-Q1.

Costa Rica fiscal deficit narrows to 3.4% of GDP

PiQ Daily

Key facts

Costa Rica fiscal deficit narrows to 3.4% of GDP

PiQ Daily

Key facts

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