The data for 2023 shows Italy leading in budget allocation for R&D in space programmes, followed by France. Italy experienced a significant increase of 17.89% over the previous year, highlighting its growing commitment to space exploration. Taiwan and Finland also demonstrated substantial growth with increases of 19.83% and 22.12%, respectively, while Hungary saw the sharpest rise at 45.2%. However, Mexico showed a decline of 9.59%, indicating a possible shift in budget priorities.
Looking into future trends, anticipate increased investments from emerging space nations like South Korea and Taiwan as they expand their footprint in space technology. Collaborations between countries may drive joint projects, enhancing innovation and resource efficiency in space research developments.
Top countries in Civil Government Budget Allocations for R&D for Space Programmes Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 42.15 | 2023 | +8.01% | +17.89% | View data |
| 2 | 2 France | 38.77 | 2023 | +3.22% | +1.62% | View data |
| 3 | 3 South Korea | 6.88 | 2023 | +0.71% | +0.16% | View data |
| 4 | 4 Taiwan | 3.79 | 2023 | -6.55% | +19.83% | View data |
| 5 | 5 Switzerland | 3.22 | 2023 | +4.51% | +8.73% | View data |
| 6 | 6 Hungary | 1.74 | 2023 | +11.43% | +45.2% | View data |
| 7 | 7 Finland | 0.97 | 2023 | -21.24% | +22.12% | View data |
| 8 | 8 Romania | 0.8 | 2023 | -74.7% | +30.04% | View data |
| 9 | 9 Australia | 0.64 | 2023 | +3.96% | +8.53% | View data |
| 10 | 10 Sweden | 0.53 | 2023 | -0.059% | +0.74% | View data |
