Government Spending in the United Kingdom 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 UK government spending market recorded expenditure of $1.63 trillion in 2024, representing a compound annual growth rate (CAGR) of 7.0% between 2019 and 2024.
- The social protection segment accounted for the market's largest proportion in 2024, with a total expenditure of $526.1 billion, equivalent to 32.2% of the market's overall expenditure.
- The expansion of the UK government spending market in 2024 was driven by continued efforts to support post-pandemic recovery and address rising social welfare demands. According to the Office for National Statistics, the youth unemployment rate in the UK increased to 12.7% in September 2024 from 11.6% in September 2023, hampering labor market and increasing pressure on public welfare services.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the government spending market in the United Kingdom
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the government spending market in the United Kingdom
- 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 Kingdom government spending market with five year forecasts
Reasons to Buy
- What was the size of the United Kingdom government spending market by value in 2024?
- What will be the size of the United Kingdom government spending market in 2029?
- What factors are affecting the strength of competition in the United Kingdom government spending market?
- How has the market performed over the last five years?
- How large is the United Kingdom’s government spending market in relation to its regional counterparts?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Balfour Beatty Plc
- BAE Systems Plc
- Network Rail Ltd
- Capita Plc
