Key Statistics B-to-B Catalogers Ought to Know
State and local governments also use credit cards for small purchases, though there are no known usage statistics available. Considering how many state and local governments there are, however, you can assume you’re dealing in the tens of billions. Even guessing conservatively, state and local government credit card spending is twice that of the Fed’s. We’re talking $54 billion with 3 percent annual growth.
2. Actual number of governments. There are more than 88,000 governments in the U.S., and that’s counting both the federal government as one and each state as one. Here are the others:
* 3,034 counties;
* 19,429 municipalities;
* 16,504 townships;
* 35,052 special district governments;
* 13,506 school districts;
* 512 Native-American nations;
* District of Columbia; and
* 6 U.S. territories.
3. The employment statistics. According to the U.S. Census Bureau (www.census.gov), as of the end of 2006 there were 151 million full-time employees in the U.S. Of these, more than 20 million were government employees, not including uniformed military personnel. More than one in eight full-time employees in the U.S. works for some level of government.
4. Other data. Some data that’s been out there, but not verified: Fifteen percent of all dollars spent in the world are spent in or by the U.S. We know from the Census Bureau that government (federal, state and local) spending in the U.S. represents more than 25 percent of the gross domestic product (GDP).
So, if the world statistic is accurate, based on Census Bureau statistics, almost 1.5 percent of the spending in the world is by the U.S. federal government. This means that Uncle Sam isn’t simply Fortune One, but Global One.
Research I’ve conducted with B-to-B list firm MCH indicates that if you replace “sales” with “revenue,” more than half of the Fortune 100 would be some level of government, likely the same for the Fortune 1,000 list.
What This Means ...
B-to-G spending represents more than 25 percent of the total U.S. economy. More than $54 billion annually is spent by government employees (federal, state and local) via credit cards and often with no contract required.