COLORADO SPRINGS, Colo., May 19, 2014 (Space Foundation PR) – The global space economy grew to $314.17 billion in commercial revenue and government budgets in 2013, reflecting growth of 4 percent from the 2012 total of $302.22 billion. Commercial activity — space products and services and commercial infrastructure — drove much of this increase. From 2008 through 2013, the total has grown by 27 percent.
Commercial space products and services revenue increased 7 percent since 2012, and commercial infrastructure and support industries increased by 4.6 percent.
Government spending decreased by 1.7 percent in 2013, although changes varied significantly from country to country. Substantial space budget cuts in the United States outweighed gains in Canada, India, Russia, South Korea and the United Kingdom, all of which increased budgets by 25 percent or more.