Forecast: Value Added of Public Administration and Defence, Compulsory Social Security in the US

In 2023, the Value Added of Public Administration, Defence, and Compulsory Social Security in the US stood at a firm $2.0723 trillion. From 2024 to 2028, a steady forecasted increase is noted, reaching $2.4635 trillion by 2028. This shows a consistent year-on-year growth, with 2024 witnessing approximately a 3.76% increase from 2023, and an average annual growth rate (CAGR) for this period settling around 3.48%.

Future trends to watch for include:

  • The impact of evolving government policies and budget allocations on public administration and defense spending.
  • Technological advancements and their integration into public administration and defense operations.
  • Dynamics in international relations that may influence defense expenditure.

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