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Government Spending in Italy

Summary

Government Spending in Italy industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

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 Italian government spending sector had a total expenditure of $1,153.6 billion in 2022, representing a compound annual growth rate (CAGR) of 5.4% between 2017 and 2022.
- The social protection segment accounted for the sector's largest proportion in 2022, with a total expenditure of $198.4 billion, equivalent to 17.2% of the sector's overall value.
- Government spending across sectors is primarily driven by demographic trends, economic conditions, security considerations, public sentiment, and technological advancements. Demographics, including population size and age distribution, shape the need for investments in healthcare, education, and pensions. For instance, according to GlobalData, the proportion of defense expenditure in the GDP of Italy increased by 7.7% in 2022 from the previous year.

Scope

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

Reasons To Buy

- What was the size of the Italy government spending market by value in 2023?
- What will be the size of the Italy government spending market in 2028?
- What factors are affecting the strength of competition in the Italy government spending market?
- How has the market performed over the last five years?
- Who are the top competitors in Italy's government spending market?