Government Spending Global Industry Almanac 2015-2024
Global Government Spending industry profile provides top-line qualitative and quantitative summary information including: sector size (value 2015-19, and forecast to 2024). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the sector.
- The government spending sector is the total amount of public sector expenditure at any sort of level, including central government, local government etc. It is split into the following segments: defense, education, social protection, healthcare, and other.
- The defense segment includes all military and civil defense spending, foreign military aid, research and development, and other defense related expenditure.
- The education segment includes all spending on pre-primary, primary, secondary, and tertiary education, as well as education not definable by level, subsidiary services, research and development, and other education related expenditure.
- 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 expenditure.
- The health segments includes all spending on medical products, appliances, and equipment, as well as outpatient, hospital, and public health services, research and development, and other health expenditure.
- The other segment includes spending on general public services, public order and safety, economic affairs, environmental protection, housing and community amenities, and recreation, culture and religion, and other government expenditure.
- Any currency conversions used in the creation of this report have been calculated using constant 2019 annual average exchange rates.
- The global government spending sector had total revenues of $30,190.2bn in 2019, representing a compound annual growth rate (CAGR) of 3.6% between 2014 and 2019.
- The global Government Spending sector had total revenues of $27,241.1bn in 2019, representing a compound annual growth rate (CAGR) of 3.9% between 2015 and 2019.
- The social protection segment was the sector’s most lucrative in 2019, with total revenues of $7,947.6bn, equivalent to 29.2% of the sector’s overall value.
- Europe is the largest sector globally, accounting for 35.6% of the region’s total value in 2019, therefore its performance weighs heavily on the sector’s global performance. The Asia-Pacific and US sectors accounted for 30.8% and 25.5%, respectively.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global government spending sector
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- 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
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- What was the size of the global government spending sector by value in 2019?
- What will be the size of the global government spending sector in 2024?
- 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?