--- title: "National and Regional Space Economy Size Estimates" id: 5635 type: "post" slug: "global-space-economy-market-size-estimates" author: "NSE" published: "2023-06-02T18:12:20+00:00" modified: "2023-11-10T23:22:25+00:00" canonical: "https://newspaceeconomy.ca/2023/06/02/global-space-economy-market-size-estimates/" markdown_url: "https://newspaceeconomy.ca/2023/06/02/global-space-economy-market-size-estimates.md" description: "This article provides a sampling of publicly available national and regional space economy size estimates." language: "en-US" category: - "Introduction To Space Economy Market Reports" - "Space Economy" post_tag: - "Australia" - "Canada" - "Commercial Market" - "Europe" - "Government" - "India" - "Japan" - "Policy" - "Space Industry" - "Space Sector" - "United Kingdom" - "United States" --- # National and Regional Space Economy Size Estimates ![](https://i0.wp.com/newspaceeconomy.ca/wp-content/uploads/2022/02/img_2578.jpg?resize=696%2C392&ssl=1) The Space Economy is often referred to using a variety of different terminologies, e.g. Commercial Space, Space Sector, Space Market, Space Ecosystem, Space Industry. This article will use the term Space Economy. The Space Economy forecasts provided below are from a wide variety of fortune tellers in government, commercial, and not for profit organizations. Note that, while there are lots of estimates and forecasts available, it is difficult to compare Space Economy forecasts *between organizations* because each organization uses a [different methodology](https://newspaceeconomy.ca/2022/07/25/space-economy-taxonomy-compendium-2022/). Moreover, differing methodologies are not the only problem, other issues include: the usage of different years, e.g. calendar year, fiscal year; currency exchange rates; inflation rates; and what the dollar amount stands for, e.g. contribution to GDP, revenue, market capitalization. At the international level, Australia, Canada, United States, New Zealand, and United Kingdom have all stated their intention to align with the best practices laid out by the [OECD Handbook on Measuring the Space Economy](https://books.google.com/books/about/OECD_Handbook_on_Measuring_the_Space_Eco.html?id=XczBrE9Gp-0C). LEGEND: In the following tables, future estimates are indicated by an “e” suffix behind the year (e.g. 2030e). Actual estimates have no suffix behind the year (e.g. 2019). ### Global Space Economy Size Estimates Details on the global space economy size estimates and forecasts are in this article [Global Space Economy Size Estimates and Forecasts: 2005 to 2045](https://newspaceeconomy.ca/2023/05/30/global-space-economy-size-estimates-and-forecasts-2005-to-2045/). ### National and Regional Space Economy Sizes (**February 26, 2022)** Recognizing the strategic importance of the Space Economy to future economic growth, some countries and regions have developed estimates and forecasts of their Space Economy to support policy making. ### US State [Texas](https://texasceomagazine.com/blast-off-texas-surges-ahead-in-the-new-space-race/) [Washington State](https://www.psrc.org/media/6037) [Florida](https://www.nasa.gov/feature/nasa-generates-billions-in-economic-impact-for-florida-space-coast) [Washington State](https://www.psrc.org/media/6036) ### Year 2030e 2021 2020/2021 2018 ### Size US$27.3 billion US$4.6 billion US$2.77 billion US$1.8 billion ### Region [Europe](https://eurospace.org/wp-content/uploads/2020/07/press-release-ff-2021-final-00.pdf) ### Year 2020 ### Size €7.7 billion ### Country [India](https://en.wikipedia.org/wiki/Space_industry_of_India?wprov=sfti1) ### Year 2018/19 ### Size US$7 billion ### Country [Australia](https://www.industry.gov.au/sites/default/files/2021-02/the-economic-contribution-of-australias-space-sector-in-2018-19.pdf) ### Year 2018/19 ### Size AU$4.8 billion ### Country [New Zealand](https://www.beehive.govt.nz/sites/default/files/2019-11/Deloitte%20NZ%20Space%20Economy%20Report.pdf) ### Year 2018/19 ### Size NZ$1.75 billion ### Country [Japan](https://www.mfat.govt.nz/assets/Trade-General/Trade-Market-reports/TKY-Japans-Space-Economic-Development-Priorities-Dec-2021.docx.pdf) [Japan](https://www.mfat.govt.nz/assets/Trade-General/Trade-Market-reports/TKY-Japans-Space-Economic-Development-Priorities-Dec-2021.docx.pdf) ### Year 2050e 2021 ### Size NZ$57 billion NZ$1.75 billion ### Country [Canada](https://www.asc-csa.gc.ca/eng/publications/2020-state-canadian-space-sector-facts-figures-2019.asp) [Canada](https://www.asc-csa.gc.ca/eng/publications/2019-state-canadian-space-sector.asp) [Canada](https://www.asc-csa.gc.ca/eng/publications/2018-state-canadian-space-sector.asp) ### Year 2019 2018 2017 ### Size CDN (1) $5.5 billion $5.7 billion $5.6 billion ### Country [United States](https://www.bea.gov/system/files/2022-01/Space-Economy-2012-2019.pdf) [United States](https://www.bea.gov/system/files/2022-01/Space-Economy-2012-2019.pdf) [United States](https://www.bea.gov/system/files/2022-01/Space-Economy-2012-2019.pdf) [United States](https://www.bea.gov/system/files/2022-01/Space-Economy-2012-2019.pdf) [United States](https://www.bea.gov/system/files/2022-01/Space-Economy-2012-2019.pdf) [United States](https://www.bea.gov/system/files/2022-01/Space-Economy-2012-2019.pdf) [United States](https://www.bea.gov/system/files/2022-01/Space-Economy-2012-2019.pdf) [United States](https://www.bea.gov/system/files/2022-01/Space-Economy-2012-2019.pdf) ### Year 2019 2018 2017 2016 2015 2014 2013 2012 ### Size USD (1) $195 billion $192 billion $190 billion $190 billion $191 billion $184 billion $182 billion $175 billion ### Country [United Kingdom](https://www.bea.gov/system/files/2022-01/Space-Economy-2012-2019.pdf) [United Kingdom](https://www.gov.uk/government/publications/the-size-and-health-of-the-uk-space-industry-2021) [United Kingdom](https://www.gov.uk/government/publications/the-size-and-health-of-the-uk-space-industry-2021) [United Kingdom](https://www.gov.uk/government/publications/the-size-and-health-of-the-uk-space-industry-2021) [United Kingdom](https://www.gov.uk/government/publications/the-size-and-health-of-the-uk-space-industry-2021) [United Kingdom](https://www.gov.uk/government/publications/the-size-and-health-of-the-uk-space-industry-2021) [United Kingdom](https://www.gov.uk/government/publications/the-size-and-health-of-the-uk-space-industry-2021) [United Kingdom](https://www.gov.uk/government/publications/the-size-and-health-of-the-uk-space-industry-2021) [United Kingdom](https://www.gov.uk/government/publications/the-size-and-health-of-the-uk-space-industry-2021) [United Kingdom](https://www.gov.uk/government/publications/the-size-and-health-of-the-uk-space-industry-2021) ### Year (2) 2020/21e 2019/20 2018/19 2017/18 2016/17 2015/16 2014/15 2013/14 2012/13 2011/12 ### Size GBP (3) £16.372 billion £16.528 billion £16.821 billion £15.898 billion £15.864 billion £15.178 billion £14.873 billion £14.64 billion £13.297 billion £12.77 billion (1) Current dollars, not adjusted for inflation (2) Government fiscal year April 6 to April 5 (3) All amounts are in 2019/20 prices