Total global space spending in 2018 exceeded $ 70 billion


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Total global space spending in 2018 exceeded $ 70 billion

According to the report of the state space programs analytical company Euroconsult, in 2018 the expenses of all countries of the world on space activities amounted to $ 70.9 billion. Investments in astronautics grow by an average of 5.75% annually after a minimum of $ 62 was reached in 2015 5 billion

The 2015 anti-record is associated with two factors: a decrease in US military spending and a sharp reduction in the budget of Roscosmos. In dollar terms, it fell by 60%, in ruble terms – by 22% compared with 2013.

Of the $ 70.9 billion spent on space activities last year, 63% goes to civilian and scientific programs. In total, $ 44.5 billion was spent on them. Civilian spending – including on research, technology development and manned flights – has been the driving force behind recent growth. Costs were increased in the United States, Asia (at the expense of China) and the Middle East and Africa (thanks to UAE investments).

The total cost of space in 2018 in the United States amounted to $ 40.9 billion – this is 58% of global spending. At the beginning of 2000, the US share was 75%. China spent about $ 5.8 billion on space, according to experts. Russia’s space spending is estimated at $ 4.2 billion. This figure may include an inaccurate estimate of military spending, which is not publicly available. In June this year, Russian Prime Minister Dmitry Medvedev said that in 2019, the state-owned corporation Roscosmos will receive about 256 billion rubles (about $ 4 billion). At the same time, the budget of Roscosmos increased compared to 2018.

The total global defense space budget in 2018 amounted to $ 25.4 billion, of which $ 19 billion falls on the United States. At the same time, over the past 10 years, the US share in world spending on military space has declined from 81% to 72%. This happened largely due to the revitalization of China. The largest share of the military budget in astronautics is in Russia, it is 47%. Immediately after it comes the USA with 46%. Then China (37%), the United Kingdom (35%), Japan (34%), France (20%). Compared with 2017, the cost of military space exploration increased by 8.3%.

In 2018, 138 spacecraft with a mass of more than 50 kg were launched. Of these, 58 were launched into orbit from China, 22 from the United States and 17 from Russia. Of the 79 launched civilian spacecraft, 42 are for remote sensing of the Earth, 15 are telecommunication satellites.

Analysts expect space spending to continue to grow in the short term and reach $ 84.6 billion in 2025. The main driver of growth will be defense spending, while funding for civilian space will grow at a moderate pace.

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