Government Spending in Australia

Government Spending in Australia

  • September 2018 •
  • 36 pages •
  • Report ID: 3711652
Government Spending in Australia

Summary
Government Spending in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
- The government spending sector is the total amount of public sector expenditure at any sort of level, including central government, local government etc. It is split into the following segments: defense, education, social protection, healthcare, and other. The defense segment includes all military and civil defense spending, foreign military aid, research and development, and other defense related expenditure. The education segment includes all spending on pre-primary, primary, secondary, and tertiary education, as well as education not definable by level, subsidiary services, research and development, and other education related expenditure. The social protection segment includes all spending on sickness and disability, old age, survivors, family and children, unemployment, housing, social exclusion, research and development, and other social protection expenditure. The health segments includes all spending on medical products, appliances, and equipment, as well as outpatient, hospital, and public health services, research and development, and other health expenditure. The other segment includes spending on general public services, public order and safety, economic affairs, environmental protection, housing and community amenities, and recreation, culture and religion, and other government expenditure. Any currency conversions used in the creation of this report have been calculated using constant 2017 annual average exchange rates.
- The Australian government spending sector had total revenues of $627.3bn in 2017, representing a compound annual growth rate (CAGR) of 3.7% between 2013 and 2017.
- The social protection segment was the sector’s most lucrative in 2017, with total revenues of $363.5bn, equivalent to 57.9% of the sector’s overall value.
- The majority of social spending goes to funding pensions, and with an aging population, Australia is expected to remain focused on social spending for the foreseeable future.

Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the government spending market in Australia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the government spending market in Australia
- 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 Australia government spending market with five year forecasts

Reasons to buy
- What was the size of the Australia government spending market by value in 2017?
- What will be the size of the Australia government spending market in 2022?
- What factors are affecting the strength of competition in the Australia government spending market?
- How has the market performed over the last five years?
- What are the main segments that make up Australia’s government spending market?
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