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Government Spending in the United States

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    Report

  • 42 Pages
  • April 2025
  • Region: United States
  • MarketLine
  • ID: 6109225
Description Jump to:
Government 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 $11.17 trillion 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 $2.63 trillion, 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?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the recent developments in the market?
8 Company Profiles
8.1. Lockheed Martin Corp
8.2. General Dynamics Corp
8.3. RTX Corp
8.4. McKesson Corp
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Publisher
List of Tables
Table 1: United States government spending sector value: $ billion, 2019-24
Table 2: United States government spending sector category segmentation: % share, by value, 2019-24
Table 3: United States government spending sector category segmentation: $ billion, 2019-24
Table 4: United States government spending sector geography segmentation: $ billion, 2024
Table 5: United States government spending sector value forecast: $ billion, 2024-29
Table 6: Lockheed Martin Corp: Key Facts
Table 7: Lockheed Martin Corp: Annual Financial Ratios
Table 8: Lockheed Martin Corp: Key Employees
Table 9: General Dynamics Corp: Key Facts
Table 10: General Dynamics Corp: Annual Financial Ratios
Table 11: General Dynamics Corp: Key Employees
Table 12: General Dynamics Corp: Key Employees Continued
Table 13: RTX Corp: Key Facts
Table 14: RTX Corp: Annual Financial Ratios
Table 15: RTX Corp: Key Employees
Table 16: McKesson Corp: Key Facts
Table 17: McKesson Corp: Annual Financial Ratios
Table 18: McKesson Corp: Key Employees
Table 19: United States Size of Population (Million), 2020-24
Table 20: United States Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 21: United States GDP (Current Prices, $ Billion), 2020-24
Table 22: United States Inflation, 2020-24
Table 23: United States Consumer Price Index (Absolute), 2020-24
Table 24: United States Exchange Rate, 2019-24
List of Figures
Figure 1: United States government spending sector value: $ billion, 2019-24
Figure 2: United States government spending sector category segmentation: $ billion, 2019-24
Figure 3: United States government spending sector geography segmentation: % share, by value, 2024
Figure 4: United States government spending sector value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the government spending sector in the United States, 2024
Figure 6: Drivers of buyer power in the government spending sector in the United States, 2024
Figure 7: Drivers of supplier power in the government spending sector in the United States, 2024
Figure 8: Factors influencing the likelihood of new entrants in the government spending sector in the United States, 2024
Figure 9: Factors influencing the threat of substitutes in the government spending sector in the United States, 2024
Figure 10: Drivers of degree of rivalry in the government spending sector in the United States, 2024

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Lockheed Martin Corp
  • General Dynamics Corp
  • RTX Corp
  • McKesson Corp

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