Public Debt in Costa Rica

Costa Rica Public Debt | Economic News & Forecasts

Costa Rica - Public Debt

The economy suffered in Q1 due to a deterioration in the construction sector, and a severe downturn in the accommodation and food services sector, particularly in March when the government declared a national emergency due to coronavirus. To help mitigate the financial strain on businesses and consumers, the government has announced fiscal policy changes, including a moratorium on various taxes and direct payments to vulnerable households. To help pay for these, the government requested financial support from the IMF, which was approved on 29 April to the tune of USD 504 million; at the end of March, the World Bank lent the government USD 157 million. On 8 May, Fitch Ratings downgraded Costa Rica's credit rating to B from B+, and assigned a negative rating outlook. In recent weeks, the government has been gradually reducing some restrictions on activity to slowly re-boot the economy.

Costa Rica - Public Debt Data

2014   2015   2016   2017   2018  
Public Debt (% of GDP)38.5  41.0  45.1  48.4  53.2  

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Costa Rica Facts

Value Change Date
Exchange Rate571.0-0.57 %Jan 01

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