8 billion euros and only 4% of companies: what public procurement data reveals
The value of public procurement in Latvia last year was 8 billion euros. However, less than 4% of Latvian companies participate in procurements, and in every fourth procurement, there is only one applicant.
The value of public procurement in Latvia last year was 8 billion euros. However, less than 4% of Latvian companies participate in procurements, and in every fourth procurement, there is only one applicant.
The largest expenditure category is not roads, schools, or defense. According to CPV category data, since 2018, the largest procurement value has been for medical devices.
CPV category Procurement value since 2018, billion EUR
Medical devices 7.6
Forestry services 5.8
Pharmaceutical products 5.5
Construction works 2.9
Electricity 1.6
Source: Tender analytics. Behind each number is a real market with opportunities for companies that know where to look. In the Tender analytics section, you can find the largest customers, the most active CPV categories, market leaders, and industries with the greatest potential in just a few seconds.