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Demographic trends play a major role in shaping the healthcare landscape, as economic factors and an aging population contribute to fast-rising healthcare spending. While consumers are spending more on healthcare services in the US, healthcare providers are confronting complex challenges related to labor, competition and tech advances. COVID-19 exposed healthcare and social assistance providers to unprecedented financial and operating pressures, with the lasting impacts still shaping every corner of the sector in 2025. Providers continue to grapple with workforce shortages intensified by the pandemic, resulting in ongoing staffing and recruitment challenges that pressure wage growth and new strategies to recruit and retain. At the same time, consolidation activity is reshaping the landscape, with more patients than ever receiving care from massive, integrated health systems rather than independent ones. Meanwhile, social assistance providers are finding it difficult to meet rising demand for services like food banks and emergency shelters. Despite this challenging operating environment, revenue has been expanding at a CAGR of 4.0% to an estimated $4.3 trillion over the past five years, with revenue rising an expected 2.3% in 2025. Healthcare and social assistance providers are struggling to address staffing challenges. The pandemic exacerbated existing staffing shortages, as the physical and mental toll of the pandemic pushed some to leave the sector entirely. Persistent labor shortages jeopardize healthcare and social assistance providers' ability to address demand, creating widespread staff burnout, high turnover rates and wage inflation. While the health sector labor market began stabilizing in 2024, alleviating wage pressures, an undersized workforce still leaves hundreds of thousands of jobs open. Staff shortages have been a driver of AI adoption in the health sector, as organizations adopt tech solutions to maintain care quality and efficiency with fewer personnel. Automating time- and cost-intensive administrative task helps organizations cope with labor shortages, but also enhances operating efficiency and patient outcomes amid workforce gaps. Demographic trends will remain the driving force behind rising healthcare spending moving forward. However, increasing demand and elevated costs will pressure healthcare and social assistance providers to shift how they operate. For example, investments in digital tools, including AI, and telehealth will accelerate because of their ability to lower costs, increase capacity and improve patient outcomes. As this occurs, cybersecurity will become a core priority, as health systems must mitigate the impact of increasingly disruptive and sophisticated cyberattacks. The sector will also face significant challenges from Medicaid cuts resulting from the OBBBA, as estimates suggest that nearly 17.0 million people will lose health coverage between 2026 and 2034. This substantial loss of coverage is likely to strain providers, particularly those serving large Medicaid and uninsured populations, creating new financial pressures. These dynamics will reinforce and accelerate the ongoing consolidation activity, as providers increasingly seek mergers or acquisitions to access resources, achieve operating efficiencies and ensure stability. In all, sector revenue will grow at a CAGR 3.4% to reach an estimated $5.0 trillion over the next five years.
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The Educational Services sector comprises 13 subsectors of the US economy, ranging from public schools to testing and educational support services. Primary, secondary and postsecondary schools alone generate 92.0% of the sector's revenue. Most of these institutions rely entirely on government funding, and nearly three-quarters of the educational services revenue comes from public schools and public universities. Accordingly, strong federal, state and local support for all levels of education has driven revenue upward over the past five years. Expanding discretionary budgets made private schools and higher education more affordable for students and parents, but the Trump administration's changing policies have brought new complications. Still, substantial funding and skyrocketing investment returns for private nonprofit universities have elevated revenue. Revenue has climbed at a CAGR of 4.6% to an estimated $2.7 trillion through the end of 2025, when revenue will rise by 1.1%. Solid state and local government funding for education has helped support the sector's success despite fluctuating enrollment. Faltering birth rates are leading to lower headcounts in K-12 schools, and ballooning student debt has made many would-be college students skeptical of the return on investment of an expensive degree. While student loan forgiveness efforts slowed a decline in the number of college students, the new presidential administration's end to these efforts has begun to exacerbate price-based and quality-based competition among higher education institutions. President Trump's scrutiny of course curricula has made public funds harder to acquire for schools, and the administration's efforts to close the Department of Education have begun to deter would-be students from attending college. Trends in the domestic economy are set to move in the Educational Services sector's favor over the next five years as prospective students become better able to pay for rising tuition rates and premium education options. Government funding for primary, secondary and postsecondary institutions will continue to escalate through the next period, though lackluster enrollment will temper revenue growth. Public schools, which account for over half the sector's revenue, will continue to post losses and drag down the average profit for educational services. New school choice initiatives, including Texas's new, largest-ever voucher program, will make private schools more affordable for parents. However, heightened oversight and continued efforts to close the Department of Education will remain a significant pain point for many educational services. Overall, revenue is set to climb at a CAGR of 0.8% to $2.8 trillion through the end of 2030.
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The Gross Domestic Product (GDP) in China was worth 18743.80 billion US dollars in 2024, according to official data from the World Bank. The GDP value of China represents 17.65 percent of the world economy. This dataset provides - China GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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The United States' total Imports in 2024 were valued at US$3.36 Trillion, according to the United Nations COMTRADE database on international trade. The United States' main import partners were: Mexico, China and Canada. The top three import commodities were: Machinery, nuclear reactors, boilers; Electrical, electronic equipment and Vehicles other than railway, tramway. Total Exports were valued at US$2.06 Trillion. In 2024, The United States had a trade deficit of US$1.29 Trillion.
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Demographic trends play a major role in shaping the healthcare landscape, as economic factors and an aging population contribute to fast-rising healthcare spending. While consumers are spending more on healthcare services in the US, healthcare providers are confronting complex challenges related to labor, competition and tech advances. COVID-19 exposed healthcare and social assistance providers to unprecedented financial and operating pressures, with the lasting impacts still shaping every corner of the sector in 2025. Providers continue to grapple with workforce shortages intensified by the pandemic, resulting in ongoing staffing and recruitment challenges that pressure wage growth and new strategies to recruit and retain. At the same time, consolidation activity is reshaping the landscape, with more patients than ever receiving care from massive, integrated health systems rather than independent ones. Meanwhile, social assistance providers are finding it difficult to meet rising demand for services like food banks and emergency shelters. Despite this challenging operating environment, revenue has been expanding at a CAGR of 4.0% to an estimated $4.3 trillion over the past five years, with revenue rising an expected 2.3% in 2025. Healthcare and social assistance providers are struggling to address staffing challenges. The pandemic exacerbated existing staffing shortages, as the physical and mental toll of the pandemic pushed some to leave the sector entirely. Persistent labor shortages jeopardize healthcare and social assistance providers' ability to address demand, creating widespread staff burnout, high turnover rates and wage inflation. While the health sector labor market began stabilizing in 2024, alleviating wage pressures, an undersized workforce still leaves hundreds of thousands of jobs open. Staff shortages have been a driver of AI adoption in the health sector, as organizations adopt tech solutions to maintain care quality and efficiency with fewer personnel. Automating time- and cost-intensive administrative task helps organizations cope with labor shortages, but also enhances operating efficiency and patient outcomes amid workforce gaps. Demographic trends will remain the driving force behind rising healthcare spending moving forward. However, increasing demand and elevated costs will pressure healthcare and social assistance providers to shift how they operate. For example, investments in digital tools, including AI, and telehealth will accelerate because of their ability to lower costs, increase capacity and improve patient outcomes. As this occurs, cybersecurity will become a core priority, as health systems must mitigate the impact of increasingly disruptive and sophisticated cyberattacks. The sector will also face significant challenges from Medicaid cuts resulting from the OBBBA, as estimates suggest that nearly 17.0 million people will lose health coverage between 2026 and 2034. This substantial loss of coverage is likely to strain providers, particularly those serving large Medicaid and uninsured populations, creating new financial pressures. These dynamics will reinforce and accelerate the ongoing consolidation activity, as providers increasingly seek mergers or acquisitions to access resources, achieve operating efficiencies and ensure stability. In all, sector revenue will grow at a CAGR 3.4% to reach an estimated $5.0 trillion over the next five years.