In 2023, Germany led in government budget appropriations for space R&D with $42.08 billion, showing an 82.9% increase. The UK and France observed decreases of 1.89% and 4%, respectively. South Korea's R&D budget grew by 67.99%, and Israel saw a significant increase of 122.47%. Although Poland, Greece, Portugal, and Lithuania experienced decreases, many countries such as Austria, Sweden, Norway, and Estonia showed positive growth.
Future trends to watch:
- Continued increase in investments from countries like Germany and Israel, focusing on advanced technologies in space exploration.
- Potential collaboration among European countries to optimize resources and funding.
- Emerging space economies in Eastern Europe and Asia increasing their R&D budgets to become significant players in the space sector.
Top countries in Government Budget Appropriations or Outlays for R&D in Exploration and Exploitation of Space by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 42,080 | 2023 | +5.66% | +82.9% | View data |
| 2 | 2 United Kingdom | 15,930 | 2023 | +3.51% | -1.89% | View data |
| 3 | 3 France | 15,050 | 2023 | +2.27% | -4% | View data |
| 4 | 4 South Korea | 6,680 | 2023 | -0.96% | +67.99% | View data |
| 5 | 5 Austria | 4,800 | 2023 | +4.03% | +4.81% | View data |
| 6 | 6 Sweden | 4,630 | 2023 | +4.25% | +1.76% | View data |
| 7 | 7 Norway | 4,550 | 2023 | +4.82% | +5.01% | View data |
| 8 | 8 Poland | 2,970 | 2023 | +3.17% | -2.93% | View data |
| 9 | 9 Greece | 1,840 | 2023 | +4.8% | -1.34% | View data |
| 10 | 10 Portugal | 1,110 | 2023 | +4.39% | -1.89% | View data |
