Government Spending in the United States
SummaryGovernment Spending in the United States industry profile provides top-line qualitative and quantitative summary information including: market share, 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 US government spending market recorded expenditure of $11,172.7 billion in 2024, representing a compound annual growth rate (CAGR) of 6.2% between 2019 and 2024.
- The social protection segment accounted for the market's largest proportion in 2024, with a total expenditure of $2,634.5 billion, equivalent to 23.6% of the market's overall expenditure.
- The expansion of the United States government spending market in 2024 was driven by efforts to stabilize the labor market and promote inclusive economic growth. According to the US Bureau of Labor Statistics (BLS), the youth unemployment rate in the US increased to 9.0% in December 2024 from 8.0% in December 2023.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the government spending market in the United States
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the government spending market in the United States
- 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 United States government spending market with five year forecasts
Reasons To Buy
- What was the size of the United States government spending market by value in 2024?
- What will be the size of the United States government spending market in 2029?
- What factors are affecting the strength of competition in the United States government spending market?
- How has the market performed over the last five years?
- Who are the top competitors in the United States's government spending market?
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