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%.