Government Spending in Spain
SummaryGovernment Spending in Spain industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). 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 Spanish government spending market recorded expenditure of $717.8 billion in 2024, representing a compound annual growth rate (CAGR) of 4.0% between 2019 and 2024.
- The social protection segment accounted for the market's largest proportion in 2024, with a total expenditure of $305.5 billion, equivalent to 42.6% of the market's overall expenditure.
- The expansion of the Spanish government spending market in 2024 was primarily driven by active labor market reforms and digital transformation initiatives. According to Eurostat, the unemployment rate for 16- to 24-year-olds in Spain stood at 26.9% in July 2024, remaining among the highest in the Eurozone and prompting the government to continue its efforts to boost employment and economic participation.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the government spending market in Spain
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the government spending market in Spain
- 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 Spain government spending market with five year forecasts
Reasons To Buy
- What was the size of the Spain government spending market by value in 2024?
- What will be the size of the Spain government spending market in 2029?
- What factors are affecting the strength of competition in the Spain government spending market?
- How has the market performed over the last five years?
- What are the main segments that make up Spain's government spending market?
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