Government Procurement Statistics 2024 – Everything You Need to Know

Steve Bennett
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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 key advantages of government procurement is its ability to support local economies and promote domestic industries. By procuring goods and services from local businesses, governments contribute to creating sustainable employment opportunities within their own countries. This not only strengthens the overall economy but also ensures that taxpayer money is circulated back into the community and used for local development. Furthermore, government procurement encourages entrepreneurship and innovation by giving small and medium-sized enterprises (SMEs) an opportunity to compete on a level playing field with larger corporations. Such an inclusive procurement process fosters healthy competition and drives economic growth in the long term.

In addition, government procurement holds the power to shape industries and markets. Through strategic purchasing policies, governments can dictate certain quality standards, environmental regulations, and sustainability requirements that suppliers must adhere to. Procurement contracts often include provisions for adhering to ethical business practices, which can further incentivize companies to improve their operations and increase their social responsibility. By leveraging their purchasing power, governments can influence the behavior of industries and push for positive change, leading to a more sustainable and responsible business landscape overall.

Furthermore, government procurement ensures fair opportunities and equal access to public resources. By removing biases and preferences, the procurement process promotes transparency and accountability. This not only fosters trust and confidence in the government but also helps prevent favoritism and corruption. By employing objective evaluation criteria and following a competitive bidding process, governments ensure that suppliers are selected based on merit rather than personal connections. This level of fairness helps guarantee that the best value for money is obtained and taxpayers receive quality goods and services.

It is also crucial to acknowledge that government procurement contributes to investments in infrastructure and public services. Governments are responsible for developing crucial infrastructure projects such as roads, schools, and hospitals. By engaging in the procurement process, governments are able to partner with private entities and leverage their expertise to efficiently execute these projects. This collaboration allows the government to focus on policymaking and regulation, while the private sector brings technical knowledge and project management skills to the table. This synergy leads to cost-effective and timely completion of public projects, benefiting the population at large.

In conclusion, despite the criticisms levied against it, government procurement serves as an important tool for governments to fulfill public needs efficiently and responsibly. Through fair competition, the process promotes local economies, drives innovation, and encourages corporate social responsibility. It ensures transparency, accountability, and equal access to public resources. Furthermore, by collaborating with private entities, government procurement facilitates investment in infrastructure and public services. As countries strive for sustainable development and inclusive growth, government procurement remains an indispensable mechanism in achieving these goals.

In Conclusion

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We tried our best to provide all the Government Procurement statistics on this page. Please comment below and share your opinion if we missed any Government Procurement statistics.

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