COLORADO SPRINGS, Colo., July 7, 2015 (Space Foundation PR) – The Space Foundation today released the findings of its publication The Space Report 2015: The Authoritative Guide to Global Space Activity.
In 2014, the global space economy grew slightly more than 9 percent, reaching a total of $330 billion worldwide, up from 2013’s $302.5 billion. Together, commercial space activities made up 76 percent of the global space economy. The industry as a whole demonstrated a compound annual growth rate (CAGR) of seven percent from 2005 to 2014, nearly doubling in size over the course of the decade.
U.S. government space spending went up slightly, 2.9 percent, from 2013 to 2014. The U.S. devoted 1.2 percent of the government’s national budget to space in 2014. During that year, U.S. government space spending made up more than half of what all governments around the world spent on space. Space expenditures by governments other than the U.S. grew 12.9 percent in 2014, in spite of decreases in budgets of international cooperative efforts such as the European Space Agency.
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