Doing Business in Greater Washington
Spending & Procurement Trends
Total federal procurement in Greater Washington is expected to top an estimated $55 billion in 2007 and continue to increase. In fact, 41% of federal spending in the region is in the form of procurement.
Federal Procurement in Greater Washington
Year |
(in billions) |
|---|---|
1992 |
$15.6 |
1993 |
$16.1 |
1994 |
$17.9 |
1995 |
$19.4 |
1996 |
$20.8 |
1997 |
$21.7 |
1998 |
$24.4 |
1999 |
$25.8 |
2000 |
$28.6 |
2001 |
$31.4 |
2002 |
$36.1 |
2003 |
$42.2 |
2004 |
$51.1 |
2005 |
$52.4 |
2006 |
$54.6 |
Source: GMU, Center for Regional Analysis, 2007.
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