Government Spending in Turkey
SummaryGovernment Spending in Turkey industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 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 Turkish government spending market recorded expenditure of $441.5 billion in 2024, representing a compound annual growth rate (CAGR) of 10.7% between 2019 and 2024.
- The social protection segment accounted for the market's largest proportion in 2024, with a total expenditure of $113.1 billion, equivalent to 25.6% of the market's overall expenditure.
- The expansion of the Turkish government spending market in 2024 was significantly influenced by ongoing efforts to combat the effects of inflation and promote economic stability. Turkish inflation reached 75.4% in May 2024, according to the Turkish Statistical Institute, highlighting ongoing challenges in employment and income inequality within the economy.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the government spending market in Turkey
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the government spending market in Turkey
- 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 Turkey government spending market with five year forecasts by both value and volume
Reasons To Buy
- What was the size of the Turkey government spending market by value in 2024?
- What will be the size of the Turkey government spending market in 2029?
- What factors are affecting the strength of competition in the Turkey government spending market?
- How has the market performed over the last five years?
- Who are the top competitors in Turkey's government spending market?
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