Source: European Parliament
Public authorities across the EU award contracts for works and services worth EUR 2.448 billion annually, making public procurement a major driver of economic growth, job creation and innovation. The 2014 public procurement package alone adds EUR 2.88 billion to the EU’s GDP each year. Moreover, EU procurement directives have significantly increased total award values, rising from under EUR 200 billion in 2009 to approximately EUR 525 billion by 2017.