Using the broad definition and adjusting for inflation, the relative size of the space economy fell by about one-fifth from 2012 to 2021.
This is because sales of space-related items – everything from rockets to satellite TV – have barely changed since 2015.
Using the narrow definition also shows the space economy is getting relatively smaller. From 2012 to 2021, the space sector’s inflation-adjusted gross output grew on average 3% a year, compared with 5% for the overall economy. This suggests space is not growing as fast as other economic sectors. Total space economy output using both the broad and narrow definitions is stagnating, at the same time that the broader economy has been growing at a faster clip.The number of jobs created by the space economy has also declined. In 2021, 360,000 people worked full- or part-time space-related jobs in the private sector, down from 372,000 about a decade earlier, according to the
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