
Government Spending in the United Kingdom
Description
Government Spending in the United Kingdom
Summary
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
Summary
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 $1,634.7 billion 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.
- 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
- 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
40 Pages
- 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. Balfour Beatty Plc
- 8.2. BAE Systems Plc
- 8.3. Network Rail Ltd
- 8.4. Capita Plc
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: United Kingdom government spending sector value: $ billion, 2019-24
- Table 2: United Kingdom government spending sector category segmentation: % share, by value, 2019-24
- Table 3: United Kingdom government spending sector category segmentation: $ billion, 2019-24
- Table 4: United Kingdom government spending sector geography segmentation: $ billion, 2024
- Table 5: United Kingdom government spending sector value forecast: $ billion, 2024-29
- Table 6: Balfour Beatty Plc: Key Facts
- Table 7: Balfour Beatty Plc: Annual Financial Ratios
- Table 8: Balfour Beatty Plc: Key Employees
- Table 9: BAE Systems Plc: Key Facts
- Table 10: BAE Systems Plc: Annual Financial Ratios
- Table 11: BAE Systems Plc: Key Employees
- Table 12: Network Rail Ltd: Key Facts
- Table 13: Network Rail Ltd: Key Employees
- Table 14: Capita Plc: Key Facts
- Table 15: Capita Plc: Annual Financial Ratios
- Table 16: Capita Plc: Key Employees
- Table 17: United Kingdom Size of Population (Million), 2020-24
- Table 18: United Kingdom Real GDP (Constant 2010 Prices, $ Billion), 2020-24
- Table 19: United Kingdom GDP (Current Prices, $ Billion), 2020-24
- Table 20: United Kingdom Inflation, 2020-24
- Table 21: United Kingdom Consumer Price Index (Absolute), 2020-24
- Table 22: United Kingdom Exchange Rate, 2019-24
- List of Figures
- Figure 1: United Kingdom government spending sector value: $ billion, 2019-24
- Figure 2: United Kingdom government spending sector category segmentation: $ billion, 2019-24
- Figure 3: United Kingdom government spending sector geography segmentation: % share, by value, 2024
- Figure 4: United Kingdom government spending sector value forecast: $ billion, 2024-29
- Figure 5: Forces driving competition in the government spending sector in the United Kingdom, 2024
- Figure 6: Drivers of buyer power in the government spending sector in the United Kingdom, 2024
- Figure 7: Drivers of supplier power in the government spending sector in the United Kingdom, 2024
- Figure 8: Factors influencing the likelihood of new entrants in the government spending sector in the United Kingdom, 2024
- Figure 9: Factors influencing the threat of substitutes in the government spending sector in the United Kingdom, 2024
- Figure 10: Drivers of degree of rivalry in the government spending sector in the United Kingdom, 2024
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