Government Spending in Asia-Pacific

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 Asia-Pacific government spending market recorded expenditure of $8.31 trillion in 2024, representing a compound annual growth rate (CAGR) of 3.6% between 2019 and 2024.
• The social protection segment accounted for the market's largest proportion in 2024, with total expenditure of $1.32 trillion, equivalent to 15.9% of the market's overall expenditure.
• In the Asia-Pacific market, China held the largest share of 48.1%, followed by India (12.4%), Japan (10.7%), Australia (7.2%), South Korea (6.9%), and others.

Scope

• Save time carrying out entry-level research by identifying the size, growth, and leading players in the government spending market in Asia-Pacific
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the government spending market in Asia-Pacific
• 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 Asia-Pacific government spending market with five year forecasts by both value and volume

Reasons to Buy

• What was the size of the Asia-Pacific government spending market by value in 2024?
• What will be the size of the Asia-Pacific government spending market in 2029?
• What factors are affecting the strength of competition in the Asia-Pacific government spending market?
• How has the market performed over the last five years?
• How large is Asia-Pacific’s government spending market in relation to its regional counterparts?