These large deficits have in turn pushed debt increasingly higher, and … While Costa Rica’s 2018 fiscal reform would have led to “fiscal sustainability in the medium term,” according to the Finance Ministry, the pandemic changed projections. Costa Rica - External Debt The economic panorama likely remained downbeat in Q3 due to the ongoing health crisis. That’s helped Costa Rica to remain a peaceful oasis in an unstable region, but it’s also meant that the fiscal deficit ballooned to 7% of gross domestic product last year, the widest in 40 years. China’s national debt is currently 54.44% of its GDP, a significant increase from 2014 when the national debt was at 41.54% of China’s GDP. The economy of Costa Rica has been very stable for some years now, with continuing growth in the GDP (Gross Domestic Product) and moderate inflation, though with a high unemployment rate: 11.49% in 2019. Costa Rica closed 2019 with a fiscal deficit of 6.96% of GDP, already the highest of the last three decades. Government issuance in the domestic capital market had raised the equivalent of 4.8% of GDP by end-July and it plans further domestic issuance worth 2.4% of GDP this year. Gross External Debt for Costa Rica from The World Bank for the Quarterly External Debt Statistics release. Total National Debt per capita. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Factbook > Countries > Costa Rica > Economy. Costa Rica trade to gdp ratio for 2019 was 66.10%, a 0.6% decline from 2018. Government Debt to GDP in Costa Rica is expected to reach 87.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. Costa Rica debt to gdp ratio for 1999 was 40.27%, a 0.13% decline from 1998. External Debt in Costa Rica averaged 13475.35 USD Million from 1999 until 2020, reaching an all time high of 30667 USD Million in the second quarter of 2020 and a record low of 4464.80 USD Million in the fourth quarter of 1999. The Costa Rican Tourism Board (ICT) said it would contribute its ¢14 billion (about $24.5 million) surplus to the Finance Ministry for this purpose. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Topic Overview Largest Countries by Population U.S. States by Population U.S. and World Cities by Population. Costa Rica - Public Debt The economic panorama likely remained downbeat in Q3 due to the ongoing health crisis. Live statistics for Economy of Costa Rica. Costa Rica’s economic freedom score is 65.8, making its economy the 68th freest in the 2020 Index. GDP … Public debt should not be confused with external debt, which reflects the foreign currency liabilities of both the private and public sector and must be financed out of foreign exchange earnings. Unlike the rest of Central America, Costa Rica is not highly dependent on remittances - which represented just 1 % of GDP in 2016, but instead relies on FDI - which accounted for 5.1% of GDP. Given the fiscal reform is largely spending based and Costa Rica’s tax-to-GDP ratio is relatively low, further adjustment should be underpinned by well-designed revenue measures while protecting the poor. Please check your download folder. That’s helped Costa Rica to remain a peaceful oasis in an unstable region, but it’s also meant that the fiscal deficit ballooned to 7% of gross domestic product last year, the widest in 40 years. Tuesday, November 10, 2020. Poverty has remained around 20-25% for nearly 20 years, and the government’s strong social safety net has … Download historical data for 20 million indicators using your browser. Live estimate for national public debt today and since the beginning of the year. Graph and download economic data for Central government debt, total (% of GDP) for Costa Rica (GCDODTOTLGDZSCRI) from 1996 to 2001 about Costa Rica, debt, government, and GDP. Debt > Government debt > Public debt, share of GDP: Public debt as % of GDP (CIA). 44.9% of GDP (2016 est.) (QCOSTARICA) It could take up to 10 years to considerably reduce Costa Rica’s public debt, after it takes a gigantic step and reaches 80% of gross domestic product (GDP) by the end of 2021, a…