In 2023, South Korea led in global government budget appropriations for R&D in space exploration with a notable budget of 54.2 million US dollars PPP, followed by Germany with 18.2 million. The past year saw significant proportional increases in Mexico and Denmark's budgets, with year-on-year variations of 254.63% and 131.23% respectively. Sweden, Norway, Poland, and the Czech Republic also exhibited positive growth, while Germany and Slovakia experienced declines of over 24%. Slovenian R&D investments surged by 92.02%, a striking trend among smaller economies.
Looking ahead, expect increased diversification in space investments, with emerging nations potentially boosting budgets for competitive and strategic advantages in space exploration. Additionally, technological advancements and international collaborations might drive further expansion in space-related R&D appropriations globally.
Top countries in Government Budget Appropriations or Outlays for R&D in Exploration and Exploitation of Space Share by Country (Million US Dollars PPP, Constant)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 54.2 | 2023 | +4.94% | +5.87% | View data |
| 2 | 2 Germany | 18.2 | 2023 | -8.52% | -24.11% | View data |
| 3 | 3 Sweden | 8.88 | 2023 | +4.78% | +3.72% | View data |
| 4 | 4 Mexico | 8.37 | 2023 | +6.28% | +254.63% | View data |
| 5 | 5 Norway | 7.12 | 2023 | +4.6% | +3.09% | View data |
| 6 | 6 Poland | 6.82 | 2023 | +2.07% | +2.07% | View data |
| 7 | 7 Czech Republic | 5.66 | 2023 | +4.47% | +4.52% | View data |
| 8 | 8 Denmark | 3.84 | 2023 | +1.8% | +131.23% | View data |
| 9 | 9 Portugal | 1.69 | 2023 | +2.6% | -4.63% | View data |
| 10 | 10 Romania | 1.36 | 2023 | +0.67% | -3.3% | View data |
