Space program spending by country

The budget decreased by 0. Over the last three years, governments spent a combined total of USD Budget transparency varies from country to country, but altogether, it is impressive to see how much money governments across the world are spending on space technologies.

The Covid pandemic has affected the world, and the space industry is no exception. Space companies such as Bigelow Aerospace, Raytheon Technologies, Boeing, among others, laid-off workers, while companies like OneWeb failed to secure further funding, leading to bankruptcy. To the same effect, companies like Rocket Lab and Virgin Orbit had to postpone some launches.

There was also a USD 5. Overall, the space sector saw USD For most countries, relevant bodies had passed budgets before the pandemic began to take its toll. While most countries were unable to pursue some of the projects and missions planned for , some countries adhered to the original budgets, while some received supplementary budgets. On the defense side, spending is largely concentrated around its launcher and human spaceflight programs, with funding devoted to the Long March 9 launcher, its own space station, and a manned lunar mission.

Looking forward, multiple satcom constellations will sustain civil spending in the short term, before spending declines in the early s, while the nature of its defense budget human spaceflight and launchers protects it from usual budget cycles, allowing smooth growth over the decade. Its strategic plan calls for an increase in telecommunications capacity, a replenishment of its aging Earth observation systems, a streamlined launch fleet, as well as maintenance of Glonass.

Space situational awareness SSA is the priority of the new defense strategy, while completion of the Ariane 6 launcher development in should put an end to the growth cycle in European Space Agency spending. The civil budget is then expected to grow slowly while defense spending should be maintained at current levels before decreasing in the mids to support capacity renewal.

Over the years, more and more countries have planned space missions and have successfully executed these missions. John Misachi April 25 in Economics. Industrial Revolution. What Is A Developing Country? Currencies Of The World. The Poorest States In Mexico.

Values have been rounded. Revenue of the global leading aerospace and defense manufacturers Skip to main content Try our corporate solution for free! Single Accounts Corporate Solutions Universities. This statistic depicts the leading countries with the highest government expenditure on space programs from to In , the United States was by far the leading spender, with government space program spending amounting to over 47 billion U.

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