First Research US Industry Profile

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Government Sector
SIC Codes: 91 , 92 , 93 , 94 , 95 , 96 , 97
NAICS Codes: 92
Last Quarterly Update: 4/29/2019
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 about $25 trillion.
The US government services sector consists of more than 90,000 state and local governments as well as about 450 federal government agencies, departments, and commissions. Combined spending by these entities is about $7.5 trillion; the federal government accounts for more than 60% of that total.
US state-specific data can be found in First Research's profiles of 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 60% between 2016 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 employers. States are awarded federal block grants and other funds based on formulas, but project grants may be awarded through a competitive process. Some grants require state and local entities to adopt federal policy priorities.
Products, Operations & Technology
Major government services include creating and enforcing policies and laws, providing operating services, building and maintaining infrastructure, and ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

01/28/2019
10/22/2018
07/23/2018
04/23/2018
01/22/2018
10/16/2017
06/26/2017
03/27/2017
12/19/2016
09/12/2016
06/13/2016
03/21/2016
12/07/2015
09/07/2015
06/08/2015
03/09/2015
12/08/2014
09/15/2014
06/23/2014
03/31/2014
01/06/2014
09/30/2013
07/08/2013
04/15/2013
01/21/2013
10/15/2012
07/30/2012
05/07/2012
02/06/2012
10/24/2011
07/25/2011
04/11/2011
01/03/2011
09/27/2010
06/28/2010
03/22/2010