2.0 The Space Economy
Section 2.0, The Space Economy, provides detailed information on the value of the global space economy. This includes government and commercial activity, each of which is broken into a number of subsections, including a variety of national space budgets; commercial infrastructure; and commercial products and services, such as direct-to-home television and satellite radio.
The total for the global space economy in 2012 was $304.31 billion in government budgets and commercial revenue, an increase of 6.7 percent from the 2011 total of $285.33 billion and an increase of 37 percent from 2007.
The majority of the increase in 2012 is attributable to commercial growth: commercial infrastructure and support industries increased 11 percent, while commercial space products and services increased 6.5 percent. GPS devices and chipsets and DTH television were particularly important to this growth.
Overall governmental spending increased by 1.3 percent, although changes varied significantly country to country, with India, Russia and Brazil all growing more than 20 percent for the second year in a row. Many other space agencies, including those of the United States and Europe, saw relatively little change from previous years.
Section 2.0 also includes analysis of mergers and acquisitions and the performance of the Space Foundation Indexes, which track the value of space companies listed on U.S. stock exchanges. The Space Foundation Index continues to share in the general stock market recovery. As of December 2012, the index was 40.95 percent above its value at inception in June 2005.