Government Sector Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 10/16/2017
SIC Codes: 91 , 92 , 93 , 94 , 95 , 96 , 97
NAICS Codes: 92
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
View Full Sample Add To Cart

Excerpt from Government Sector Industry Profile

Agencies in this sector administer government services at the federal, state, or municipal level. The largest US government agencies by employment include the federal Department of Defense, Department of Veterans Affairs, Department of Homeland Security, Department of Justice, and Department of Agriculture.

Worldwide, there are some 195 nations with independent governmental administrations, as well as more than 70 dependent areas or territories. Government spending by all nations is more than $20 trillion.

The US government services sector consists of more than 90,000 state and local governments as well as about 440 federal government agencies, departments, and commissions. Combined spending by these entities is about $7.1 trillion; the federal government accounts for more than half of that total.

US state-specific data can be found in First Research's State profiles, for all 50 states and Washington, DC. Profiles also are available for Canadian provinces.

COMPETITIVE LANDSCAPE

Demand for government services is driven by population growth and changing demographics of the US population. The US Census Bureau estimates that the 65-and-over population will climb by more than 65% between 2015 and 2035, which will increase the demand for federal programs like Social Security and Medicare. State and local governments experience similar demand drivers, but face increasing or decreasing revenues from which to fund services based on shifts in the population, as well as changes in economic conditions.

Cities and states compete with one another to attract ...

 
View Full Sample Add To Cart Return to the Industry Profile Menu

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options