The Gross Value Added (GVA) for Public Administration, Defence, Education, Human Health, and Social Work Activities in the US is forecasted to increase, from $4.9476 trillion in 2024 to $5.3123 trillion in 2028. In comparison, the actual GVA in 2023 was $4.860 trillion. The year-on-year growth is consistent, maintaining an average increase of around 1.83% annually when looking at the five-year CAGR from 2024 to 2028. The overall trend indicates steady growth in the sector, reflecting ongoing investments and demand in these crucial public sectors.
Future trends to watch for:
- Technological advancements impacting efficiency in public administration and health services.
- Policy changes and their implications on budget allocations and spending within these sectors.
- Demographic shifts influencing demand for education and social services.
Latest reports
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France Defense Market Report- Q1 2025
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Brazil Defense Market Report- Q1 2025
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