Economy
Annual Economy Overviews
Government Space Spending Increases 19% from 2020 to 2021
Total government space spending in 2021 reached $107 billion, a 19% increase from 2020, based on Space Foundation analysis. Space Foundation examined government space spending of 46 nations, including 14 nations new to the analysis this year.
2020 Global Space Economy Climbs Despite Turbulent Year, Disrupted Government Spending
International successes in space, such as the Hope, Perseverance, and the Zhurong missions to Mars, don’t happen without years of advance government spending. In 2020, as nations struggled to overcome a global pandemic, space spending varied widely across countries and agencies.
2019 Global Space Economy Analysis
Space is a global enterprise, with companies, private backers, and nations around the world investing in commercial, civil, and defense space sectors.
2018 Economic Analysis: U.S. Government Space Investment
The U.S. government increased spending on space activities in 2018. This spending represents a greater share of global space economy investment than any other nation. The U.S. government allocated the majority of funding to the Department of . . .
2017 – Economy: Space Economy
The global space industry grew 7.4% in 2017, reaching a total of $383.5 billion. This continues a broad upward trend that spans more than a decade. Traditional sectors for space commerce have continued to grow and are . . .
2017 – Annual Economy Overviews
The global space industry grew 7.4% in 2017, reaching a total of $383.5 billion. This continues a broad upward trend that spans more than a decade. Traditional sectors for space commerce have continued to grow and are being joined by . . .
2017 – Economy: Space Economy
The global space industry continued to grow in 2016, reaching a total of $329.3 billion. This was slightly higher than the previous record of . . .
2016 – Economy: Space Economy
The global space industry continued to grow in 2015, although currency fluctuations caused the appearance of a slight decline . . .
Economy: Space Economy – TSR 2015
2014 – Economy Overview
The global space industry maintained its long-term growth trend in 2014, expanding by #% from 2013. The combined total for commercial revenues and government budgets was $## billion in 2014, up from $## billion in 2013.