Content area
Brief Excerpt from Industry Overview Chapter:
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 Homeland Security, Department of Justice, Department of Veterans Affairs, and Postal Service.
Worldwide, there are some 195 nations with independent governmental administrations, as well as some 65 dependent areas or territories. Global economic growth is forecast to moderately pick up to 2.7% in 2024, according to the United Nations Conference on Trade and Development (UNCTAD). 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. The budget estimates for the state and local governments account for about $1.6 trillion and $1.8 trillion in both 2023 and 2024.
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.