Government Procurement Statistics 2024 – Everything You Need to Know

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Are you looking to add Government Procurement to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Government Procurement statistics of 2024.

My team and I scanned the entire web and collected all the most useful Government Procurement stats on this page. You don’t need to check any other resource on the web for any Government Procurement statistics. All are here only 🙂

How much of an impact will Government Procurement have on your day-to-day? or the day-to-day of your business? Should you invest in Government Procurement? We will answer all your Government Procurement related questions here.

Please read the page carefully and don’t miss any word. 🙂

Best Government Procurement Statistics

☰ Use “CTRL+F” to quickly find statistics. There are total 51 Government Procurement Statistics on this page 🙂

Government Procurement Market Statistics

  • Globally, government procurement, estimated at $4.4 trillion annually, constitutes a significant market for international business. [0]

Government Procurement Latest Statistics

  • Government Procurement Opened to Foreign Competition under the WTO GPA as Reported by the United States and Next Five Largest GPA Parties, 2010. [0]
  • Instead, the United States reports total state level procurement, which GAO estimated may exceed covered procurement by about 10 percent. [0]
  • According to a sample of the U.S. population, 90% of adults support organ donation but only 60% are actually signed up as donors. [1]
  • Overall, public procurement represents on average 13% to 20% of GDP. [2]
  • Global expenditure in procurement is estimated at nearly 9.5 trillion US dollars and, according to the United Nations Office on Drugs and Crime, 10 to 25 percent of a public contract’s overall value may be lost due to corruption. [2]
  • Threshold Value $billion % of Total Value Number of Contracts % of Total Number Below $80k 1.5 2.2% 46,204 54.97% $80k and above 68.3. [3]
  • Threshold breakdown $80k to <$200k 2.2 3.0% 16,398 19.51%. [3]
  • Number 84,054 3,062 % 100.0% 3.6%. [3]
  • 84,054 24,119 59,935 100% 29% 71% 2019. [3]
  • 81,174 24,559 56,615 100% 30% 70%. [3]
  • 64,454.6 25,496.0 38,958.6 100% 40% 60%. [3]
  • 78,150 22,706 55,444 100% 29% 71%. [3]
  • 39,346.1 31,781.2 100% 55% 45% Number. [3]
  • 73,458 23,092 50,366 100% 31% 69% 2016. [3]
  • 64,092 22,593 41,499 100% 35% 65% 2015. [3]
  • 26,520 43,818 100% 38% 62% 2014. [3]
  • 69,236 26,444 42,792 100% 38% 62%. [3]
  • Building construction and support and maintenance and repair services 9,827.8 14.1%. [3]
  • Drugs and Pharmaceutical Products 4,141.2 5.9% Computer services 3,300.4 4.7% Disease prevention and control 3,294.3 4.7% Temporary personnel services. [3]
  • 2,853.7 4.1% Marine craft systems and subassemblies. [3]
  • 1,713.3 2.5% Components for information technology or broadcasting or telecommunications 1,673.2 2.4% Light weapons and ammunition 1,629.4 2.3% Education and Training Services. [3]
  • Top Entity Value $million % of total Value 202021 201920 201819 2017 18 Department of Defence 37,368.5 53.5% 1 1 1 1 Department of Health 6,073.9 8.7% 2 5 5 5 Services Australia 4,346.6 6.2% 3 3 2. [3]
  • * Australian Federal Police 944.2 1.4% 9 12 23 20 Department of Industry, Science, Energy and Resources 528.1 0.8% 10 14 9 18. [3]
  • Total Value $million % of Total Value Total of top 10 entities 58,560.9 83.9%. [3]
  • 100.0% The Government is committed to supporting SMEs through Government procurement#. [3]
  • The Commonwealth Procurement Rules include commitments to source at least 10 per cent by value of all procurement from SMEs. [3]
  • source at least 35 per cent of contracts valued up to $20 million from SMEs. [3]
  • In 201920, 90.6% of invoices were paid within 20 days, compared to 61.7% in 2018. [3]
  • Number 84,054 45,773 38,281 % 100.0% 54.0% 46.0%. [3]
  • In 2020 21, for contracts valued up to $20m, SMEs were estimated to be awarded $11.8 billion, or 43 per cent. [3]
  • The SBA ensures that the sum total of all of the goals meets the 23 percent target for the federal government as well as the socio economic goals established by statute. [4]
  • Areas 20% of Scorecard Grade % Grade Areas % Grade Prime Contracting Achievement Areas 50% of Scorecard Grade % Grade. [4]
  • Subcontracting Achievement Areas 20% of Scorecard Grade % Grade. [4]
  • % Grade OSDBU Peer Review on Agency Compliance with Section 15of the Small Business Act. [4]
  • Areas 20% of Scorecard Grade % Grade. [4]
  • Public procurement expenditure as a percentage of GDP increased slightly across the OECD over the last decade, from 11.8% of GDP in 2008 to 12.6% of GDP in 2019. [5]
  • Among 22 OECD EU countries for which data is available, public procurement increased from 13.7% of GDP in 2019 to 14.9% of GDP in 2020. [5]
  • Other countries also saw significant increases such as Norway (from 15.8% to 17.1%) and the United Kingdom (13.2% to 16.1%). [5]
  • Public procurement as a share of total government expenditure decreased across all responding OECD countries by 1 2 percentage points in 2020 compared to 2019. [5]
  • Support packages provided by governments in response to the pandemic have drastically increased total government expenditure (53.6% of GDP in OECD EU countries on average in 2020). [5]
  • The distribution between central and subnational governments’ overall public procurement spending remains broadly unchanged with 64% of OECDEU countries’ procurement spending taking place at the sub. [5]
  • Health expenditure represented the largest share of public procurement spending, averaging 29.3% across OECD countries in 2019. [5]
  • In Italy, Japan and the Slovak Republic, almost 45% of public expenditure for procurement was in the health sector. [5]
  • The next largest areas of public procurement spending across OECD countries were economic affairs (16.7%), education (11.6%), defence (10.5%) and social protection (10.0%). [5]
  • Data on general government procurement spending are disaggregated according to the Classification of the Functions of Government in Table 8.2. [5]
  • General government procurement spending by function as a percentage of total procurement spending, 2019. [5]
  • Archived Publication InfoBriefs Higher Education R&D Increase of 3.3% in FY 2020 Is the Lowest since FY 2015InfoBriefs – NSF 22 312 – December 27, 2021. [6]
  • Universities Report 5.7% Growth in R&D Spending in FY 2019, Reaching $84 BillionInfoBriefs – NSF 21 313 – January 29, 2021. [6]
  • See all [+] Higher Education R&D Expenditures Increased 4.7%, Exceeded $75 Billion in FY 2017InfoBriefs – NSF 19 302 – November 20, 2018. [6]
  • Federal Share of cademic R&D Climbed to 60 Percent in FY 1993InfoBriefs – NSF 95 301 – May 25, 1995. [6]

I know you want to use Government Procurement Software, thus we made this list of best Government Procurement Software. We also wrote about how to learn Government Procurement Software and how to install Government Procurement Software. Recently we wrote how to uninstall Government Procurement Software for newbie users. Don’t forgot to check latest Government Procurement statistics of 2024.

Reference

  1. gao – https://www.gao.gov/products/gao-17-168.
  2. organdonor – https://www.organdonor.gov/learn/organ-donation-statistics.
  3. worldbank – https://www.worldbank.org/en/news/feature/2020/03/23/global-public-procurement-database-share-compare-improve.
  4. finance – https://www.finance.gov.au/government/procurement/statistics-australian-government-procurement-contracts-.
  5. sba – https://www.sba.gov/document/support-small-business-procurement-scorecard-overview.
  6. oecd-ilibrary – https://www.oecd-ilibrary.org/sites/18dc0c2d-en/index.html?itemId=/content/component/18dc0c2d-en.
  7. nsf – https://www.nsf.gov/statistics/srvyherd/.

How Useful is Government Procurement

One of the primary reasons why government procurement is so crucial is its role in promoting efficiency and competition in the marketplace. When government agencies issue tenders for goods and services, they allow suppliers and vendors to compete on a level playing field. This competition helps drive down costs and improve the quality of goods and services being purchased. In turn, this benefits taxpayers as it ensures that government resources are being used effectively and responsibly.

Government procurement also plays a key role in promoting economic development and growth. By awarding contracts to small and medium-sized businesses, as well as minority-owned and women-owned enterprises, government procurement helps support local economies and create jobs. In fact, many governments have set aside a certain percentage of their procurement budget for minority-owned and women-owned businesses, in an effort to promote diversity and inclusivity in the marketplace.

Moreover, government procurement helps promote transparency and accountability in the use of public funds. By following strict procurement processes and guidelines, governments are able to ensure that taxpayer money is being spent wisely and in accordance with regulations. This transparency also helps build public trust and confidence in the government’s ability to manage public resources effectively.

Another key aspect of government procurement is its role in promoting innovation and technology adoption. Government agencies that engage in procurement activities often have the opportunity to collaborate with private sector companies to develop innovative solutions to complex problems. By fostering partnerships between the public and private sectors, government procurement can drive technological advancements and improve the delivery of public services to citizens.

Despite its many benefits, government procurement does have its challenges. One of the biggest challenges is ensuring that the procurement process is fair, transparent, and free from corruption. As governments handle large sums of public money through procurement activities, there is a risk of fraud, favoritism, and conflict of interest. To address these challenges, many governments have implemented stringent anti-corruption measures and established oversight bodies to monitor the procurement process and ensure compliance with regulations.

In conclusion, government procurement is a vital function of public administration that plays a crucial role in promoting efficiency, competition, economic development, transparency, and innovation. By following rigorous procurement processes and guidelines, governments can ensure that taxpayer money is being spent effectively and responsibly. While challenges still remain, the benefits of government procurement far outweigh the risks, making it an essential component of modern governance.

In Conclusion

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