Public procurement contracts

EU Fact Sheets 25-01-2024

Public authorities enter into contracts for works and services accounting for a trading volume of EUR 2.448 billion in the EU, making public procurement a major driver of economic growth, job creation, and innovation. The public procurement package adopted in 2014 adds EUR 2.88 billion annually to EU GDP. Furthermore, EU directives concerning public procurement have fostered an increase in total award values, which rose from under EUR 200 billion in 2009 to approximately EUR 525 billion in 2017.