Government Spending Global Industry Almanac 2019-2028


Summary

Global Government Spending industry profile provides top-line qualitative and quantitative summary information including: sector size (value 2019-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the sector.


Key Highlights

  • Government spending refers to the money spent by the government of a country to provide goods and services to its citizens. It helps to drive economic growth, create employment opportunities, and improve the standard of living for its citizens.
  • The market is segmented into defense, education, social protection, healthcare, and others.
  • The defense segment includes all military and civil defense spending, research and development, and other defense-related expenditures.
  • The education segment includes all spending on pre-primary education, primary education, secondary education, tertiary education, research and development, and other education-related expenditures.
  • The social protection segment includes all spending on sickness and disability, old age, survivors, family and children, unemployment, housing, social exclusion, research and development, and other social protection expenditures.
  • The health segment includes all spending on medical products, and equipment, as well as outpatient, hospital, and public health services, research and development, and other health expenditures.
  • The others segment includes spending on general public services, public order and safety, economic affairs, environmental protection, housing and community amenities, recreation, culture and religion, and related government expenditures.
  • All market data and forecasts are adjusted for inflation and all currency conversions used in the creation of this report have been calculated using yearly annual average exchange rates.
  • The global government spending market recorded revenues of $29,421.3 billion in 2023, representing a compound annual growth rate (CAGR) of 5.1% between 2018 and 2023.
  • The social protection segment accounted for the market’s largest proportion in 2023, with total revenues of $7,442 billion, equivalent to 25.3% of the market’s overall value.
  • The US accounted for a 31.7% share of the total global market in 2023 followed by Europe and Asia-Pacific with 32.8% and 23.8%, respectively.




Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global government spending sector
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global government spending sector
  • Leading company profiles reveal details of key government spending sector players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the global government spending sector with five year forecasts




Reasons To Buy

  • What was the size of the global government spending sector by value in 2023?
  • What will be the size of the global government spending sector in 2028?
  • What factors are affecting the strength of competition in the global government spending sector?
  • How has the sector performed over the last five years?
  • What are the main segments that make up the global government spending sector?