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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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The socio-economic impacts of space investments

The chapter presents three different approaches on how space investments can be associated with socio-economic impacts. An assessment of the types of benefits derived from space programmes are first provided, based on an original international literature review. In addition, new OECD indicators on the growing role of space applications in official development assistance projects (ODA) are presented for the first time. Finally, the growing relevance of space technology transfers and commercialisation for the wider economy is highlighted.

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