Procurement 2025
$ 179,58 mil MLast complete year, current pesos
Analysis
Did spending rise, or did the peso just fall?
Public procurement year by year, with inflation stripped out and data artefacts removed. For each year: how much of the change is prices, how much is more bodies reporting, and how much is money that actually moved.
What this page measures
It measures the State's purchases and contracts as published in open data (OCDS, Compras Estatales). It is not the national budget: wages, pensions, transfers and debt interest are out of scope. On that base we make three corrections, because without them the series lies:
- Every foreign-currency amount is converted at the rate of its own month, not today's.
- Everything can be read in today's pesos, deflated by the Unidad Indexada of each contract's month.
- 17 records with an impossible amount are excluded (a contract total loaded as a unit price). See the full list.
Nominal change
-16,6%
Against 2024, in current pesos
Real change
-21,2%
Net of the period's inflation
2002 → 2025
×6,1
In constant pesos (8,2% a year)
The series, year by year
Each contract deflated by the Unidad Indexada of its month and expressed in today's pesos. The dashed line is the same data in current pesos: the gap between them IS inflation.
| Year | Current pesos | Today's pesos |
|---|---|---|
| 2002 | $ 8,43 mil M | $ 31,06 mil M |
| 2003 | $ 17,42 mil M | $ 89,52 mil M |
| 2004 | $ 18,9 mil M | $ 88,85 mil M |
| 2005 | $ 21,1 mil M | $ 95,65 mil M |
| 2006 | $ 8,74 mil M | $ 37,63 mil M |
| 2007 | $ 8,03 mil M | $ 31,48 mil M |
| 2008 | $ 7,14 mil M | $ 26,2 mil M |
| 2009 | $ 6,08 mil M | $ 20,76 mil M |
| 2010 | $ 6,79 mil M | $ 21,58 mil M |
| 2011 | $ 9,01 mil M | $ 26,51 mil M |
| 2012 | $ 12,71 mil M | $ 34,82 mil M |
| 2013 | $ 15,84 mil M | $ 39,84 mil M |
| 2014 | $ 21,5 mil M | $ 49,97 mil M |
| 2015 | $ 26,09 mil M | $ 56,07 mil M |
| 2016 | $ 26,84 mil M | $ 52,03 mil M |
| 2017 | $ 37,78 mil M | $ 69 mil M |
| 2018 | $ 54,99 mil M | $ 93,42 mil M |
| 2019 | $ 87,39 mil M | $ 136,9 mil M |
| 2020 | $ 135,86 mil M | $ 197,38 mil M |
| 2021 | $ 149,18 mil M | $ 198,79 mil M |
| 2022 | $ 182,41 mil M | $ 223,24 mil M |
| 2023 | $ 186,63 mil M | $ 214,87 mil M |
| 2024 | $ 215,33 mil M | $ 236,02 mil M |
| 2025 | $ 179,58 mil M | $ 188,29 mil M |
| 2026 (year in progress) | $ 98,76 mil M | $ 100,59 mil M |
Series shown in Today's pesos.
From one year to the next
2025
Each year's change, split into parts that add up exactly. The previous year is first re-priced to this year's price level; what remains is real change, and that is split between bodies entering or leaving the record and those present in both years.
- Spend 2024$ 215,33 mil M
- InflationLast year's spend at this year's pricesplus$ 10,01 mil M
- Enter the record (4)Bodies reporting this year but not lastplus$ 41,6 M
- Leave the record (7)Bodies that stopped reportingminus$ 348 M
- Real change among those in both (271)The part that really is more or less buyingminus$ 45,45 mil M
- Spend 2025$ 179,58 mil M
In 2025, state procurement reached $ 179.6 billion, a 16.6% decrease compared to 2024 in current pesos. Inflation accounts for $ 10 billion of this change. Excluding inflation, real spending fell by 21.2%. A single contract, SOFTWARE LICENSE (Administración Nacional de Usinas y Trasmisiones Eléctricas → ARNALDO C CASTRO S A, for $ 11.5 billion), represents 25.2% of the real variation. In comparable categories, which make up 26.1% of the year's total, the change is split into $ -2.1 billion from unit prices and $ 10.9 billion from quantities purchased, with quantity being the dominant factor.
Bodies that moved the number
Each body against its own previous year, already re-priced.
Categories that moved the number
By SICE catalogue article code, with the previous year re-priced.
Price or quantity?
Over article codes present in both years with a comparable unit (26% of the year's spend, 2.881 codes; 251 dropped for an impossible swing).
From unit price
−$ 2,12 mil M
Same quantity, different price
From quantity
+$ 10,95 mil M
Same price, different quantity
A partial, directional read rather than an accounting identity: the feed stores quantities truncated to integers, so the price/quantity split carries noise. It does not add up to the year's total.
The largest contracts of 2025
When a single contract is a large fraction of the year's change, the year did not rise — that contract did.
- $ 11,52 mil M
25% of the real change
- $ 4,96 mil M
11% of the real change
- $ 3,83 mil M
8% of the real change
- $ 3,69 mil M
8% of the real change
- $ 3,17 mil M
7% of the real change
- $ 3,17 mil M
7% of the real change
- $ 3,1 mil M
7% of the real change
- $ 2,85 mil M
6% of the real change
Bodies reporting
More bodies publishing is not more spending. This is why the bridge separates entries to and exits from the record.
| Year | Bodies with purchases |
|---|---|
| 2002 | 110 |
| 2003 | 176 |
| 2004 | 182 |
| 2005 | 189 |
| 2006 | 191 |
| 2007 | 200 |
| 2008 | 264 |
| 2009 | 172 |
| 2010 | 175 |
| 2011 | 182 |
| 2012 | 204 |
| 2013 | 227 |
| 2014 | 234 |
| 2015 | 236 |
| 2016 | 263 |
| 2017 | 255 |
| 2018 | 256 |
| 2019 | 258 |
| 2020 | 257 |
| 2021 | 271 |
| 2022 | 268 |
| 2023 | 273 |
| 2024 | 278 |
| 2025 | 275 |
| 2026 (year in progress) | 270 |
Records published
Number of priced awards per year.
| Year | Priced records |
|---|---|
| 2002 | 14,3 mil |
| 2003 | 29,6 mil |
| 2004 | 30,8 mil |
| 2005 | 33,2 mil |
| 2006 | 32,7 mil |
| 2007 | 48,8 mil |
| 2008 | 54,6 mil |
| 2009 | 30 mil |
| 2010 | 30,8 mil |
| 2011 | 33,6 mil |
| 2012 | 34 mil |
| 2013 | 34,6 mil |
| 2014 | 36,4 mil |
| 2015 | 46,9 mil |
| 2016 | 59 mil |
| 2017 | 65,1 mil |
| 2018 | 73,7 mil |
| 2019 | 80,8 mil |
| 2020 | 69,8 mil |
| 2021 | 88,9 mil |
| 2022 | 97,9 mil |
| 2023 | 96,7 mil |
| 2024 | 130 mil |
| 2025 | 109,5 mil |
| 2026 (year in progress) | 44,2 mil |
What we excluded, and why
17 records worth $ 4.603,72 mil M were left out of the series: their value in today's pesos exceeds $ 50 mil M, the ceiling above which a record is a load error rather than a contract. Each one links to its page so you can check it.
Method
- Deflator
- BCU Unidad Indexada, monthly average. It is the unit the BCU itself adjusts with the CPI, so there is no base year to go stale.
- Exchange rate
- BCU monthly average, applied at each contract's own month. The feed's precomputed amount uses the rate of the day it was imported, which is why it is not used here.
- Bridge
- Base + inflation + entries + exits + panel change = total. An exact identity, not an estimate.
- GDP, public spending and population
- A curated series versioned in the repository, sourced from: World Bank Open Data
Computed on 8/7/2026.