2027
Global space activity by category, 2007-2027
![Global space activity by category, 2007-2027](https://www.thespacereport.org/wp-content/uploads/2024/04/Global-space-activity-by-category-2007-2027-1-150x150.png)
![Global space activity by category, 2007-2027](https://www.thespacereport.org/wp-content/uploads/2024/04/Global-space-activity-by-category-2007-2027-1.png)
The global space economy totaled $546 billion in 2022, 8% higher than 2021 — and it could reach $772 billion by 2027, according to Space Foundation analysis. Commercial space continues to make up the majority (78%) of this total, but preliminary data shows that 81% of governments with space programs increased spending in 2023.
Global Space Activity by Category, 2007-2027
![Based on global economic factors, Space Foundation forecasts that growth will slow slightly in 2023 to 6% before picking up for an average five-year growth of 7%. Under these conditions, the space economy would total $772 billion in 2027. This forecast incorporates existing markets in the space economy and does not predict any future disruptive technologies that could have extraordinary growth over the coming years.](https://www.thespacereport.org/wp-content/uploads/2023/07/Global-Space-Activity-by-Category-2007-2027-150x150.png)
![Based on global economic factors, Space Foundation forecasts that growth will slow slightly in 2023 to 6% before picking up for an average five-year growth of 7%. Under these conditions, the space economy would total $772 billion in 2027. This forecast incorporates existing markets in the space economy and does not predict any future disruptive technologies that could have extraordinary growth over the coming years.](https://www.thespacereport.org/wp-content/uploads/2023/07/Global-Space-Activity-by-Category-2007-2027.png)
Based on global economic factors, Space Foundation forecasts that growth will slow slightly in 2023 to 6% before picking up for an average five-year growth of 7%. Under these conditions, the space economy would total $772 billion in 2027. This forecast incorporates existing markets in the space economy and does not predict any future disruptive technologies that could have extraordinary growth over the coming years.