In 2024, the US central government procurement excluding social security funds is forecasted to reach 738.18 billion USD PPP. This marks the continuation of an upward trend observed prior to 2023. Year-on-year, the sector is expected to see modest increases, with 2025 at 747.21 billion, 2026 at 756.07 billion, 2027 at 764.74 billion, and 2028 at 773.25 billion USD PPP. The compound annual growth rate (CAGR) for this period indicates a stable and gradual increase in procurement expenditures.

Future trends to watch for include:

The impact of inflationary pressures on procurement costs and adjustments in federal spending priorities.
Technological advancements influencing procurement processes and efficiency improvements.
Potential policy changes in government procurement contributing to shifts in spending allocations.