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The Space Economy in Figures

How Space Contributes to the Global Economy

image of The Space Economy in Figures

The space economy is expanding and becoming increasingly global, driven by the development of ever-more governmental space programmes around the world, the multiplication of commercial actors in value chains, durable digitalisation trends, and new space systems coming of age. This report describes these emerging trends using new and internationally comparable data and indicators. It highlights the growing importance of space activities for the economy, for developing country strategies (based on original official development assistance statistics), for the pursuit of knowledge and scientific discoveries, and for society in general. To get the most out of space investments and promote sustained socio-economic growth, this report provides some recommendations to countries in building up their statistical evidence on space actors and activities.

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Australia

In view of its location, Australia is an important partner in international space vehicle tracking activities as the host of NASA and ESA deep space communications earth stations. The country furthermore plays a key role in fundamental research with several large radio astronomy observatories. The Australian Space Agency, established in July 2018, acts as the principal co-ordinator of governmental activities on civil space matters and advises the government on civil space policy issues. It is under the responsibility of the Department of Industry, Innovation and Science. Other important government actors include the Commonwealth Scientific and Industrial Research Organisation (CSIRO) and Geoscience Australia.

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