The Largest Purchaser Of Goods In The World
What entity is the largest purchaser of goods in the world?
The U.S. Federal government is the largest purchaser of goods and services in the world. Federal government purchases—called procurement—can have a substantial impact on the success of small businesses, especially those owned by underrepresented people.
Overview. The U.S. federal government is the single largest consumer in the world, spending more than $650 billion on products and services each year.
What products does the government buy?
The 10 Categories Where Federal Agencies Spend the Most on Contracting
Facilities and Construction: $72.1B. ...
Professional Services: $64.4B. ...
Information Technology: $47.4B. ...
Transportation and Logistics Services: $34.1B. ...
Medical: $33.2B. ...
Industrial Products and Services: $11.8B. ...
Security and Protection: $4.8B.
Who buys supplies for the federal government?
General Services Administration is in charge of: buys supplies for the federal government.