Space Foundation Report Reveals Global Space Economy at $329 Billion in 2016
The Space Foundation today released the findings of its publication The Space Report 2017: The Authoritative Guide to Global Space Activity.
In 2016, the global space economy totaled $329 billion worldwide. The increase from $323 billion in 2015 was due to growth in commercial space sectors, with negligible declines in non-U.S. government and U.S. government budgets.
Totaling $253 billion, commercial space activities made up 76 percent of the global space economy. The U.S. government spent $44 billion on defense and non-defense space efforts in 2016, a 0.3 percent decrease from 2015.
Non-U.S. government space investment declined by 0.4 percent in dollar terms, primarily due to exchange rates, to a total of $32 billion in 2016. In reality, most countries increased their budgets for space activities.
The Space Report 2017 contains worldwide space facts and figures and is illustrated with charts and graphs detailing the benefits of space exploration and utilization, the challenges facing the space sector, the opportunities for future growth and the major factors that shape the industry. In addition, The Space Report includes an overview of each sector, easy-to-understand definitions and up-to-date information on space infrastructure, facilities, launches and programs.
The Space Report is published annually by the Space Foundation, using in-house industry analysts working with a European aerospace consulting firm, Eurospace, to research and analyze government and industry trends in space activity.
About the Website
The Space Foundation offers an online service that provides subscribers with access to all the research conducted for The Space Report dating back to 2005, as well as new data sets that have never appeared in the report. This website provides users with updates throughout the year, as well as customizable charts and downloadable data for further analysis. To view more information about this service, visit www.TheSpaceReport.org.
About the Space Foundation
Founded in 1983, the Space Foundation is the world's premiere organization to inspire, educate, connect and advocate on behalf of the global space community. It is a nonprofit leader in space awareness activities, educational programs and major industry events, including the annual Space Symposium. Space Foundation World Headquarters in Colorado Springs, Colo., USA, has a public Discovery Center, including El Pomar Space Gallery, Northrop Grumman Science Center featuring Science On a Sphere® and the Lockheed Martin Space Education Center. The Space Foundation has a Washington, D.C., office and field representatives in Houston, Los Angeles and the Florida Space Coast. It publishes The Space Report: The Authoritative Guide to Global Space Activity, and through its Space CertificationTM and Space Technology Hall of Fame® programs, recognizes space-based innovations that have been adapted to improve life on Earth. Visit both websites – www.SpaceFoundation.org and DiscoverSpace.org – and follow on Facebook, Instagram, LinkedIn, Pinterest, Twitter, Google+, Flickr and YouTube, and read our e-newsletter Space Watch.