New York, NY -- (SBWIRE) -- 03/14/2018 -- Government Spending
Global Government Spending industry profile provides top-line qualitative and quantitative summary information including: market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Europe is the largest contributor to this sector, accounting for over a third of spending in 2016. Much of the continent has a history of an active state, from dirigisme in France, to the Soziale Marktwirtschaft model in Germany, or Nordic social model democracy.
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Major Highlight of the Report
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 2016 annual average exchange rates.
The global government spending sector had total revenues of $28,354.1bn in 2016, representing a compound annual growth rate (CAGR) of 3.8% between 2012 and 2016.
The social protection segment was the sectors most lucrative in 2016, with total revenues of $8,927.2bn, equivalent to 31.5% of the sector's overall value.
Government Spending Major Outlook
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- Compares data from the US, Canada, Germany, France, UK, Italy, Russia and Japan, alongside individual chapters on each country.
Government Spending - Competitive Analysis
Key players are making innovative developments in Government Spending. The same will help in improving the market performance. Heavy investments are made by major players in the R&D sector
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