WASHINGTON (Commerce Department PR) — On January 26, 2022, the Commerce Department’s Bureau of Economic Analysis (BEA) released updated statistics on the U.S. space economy, building on the preliminary estimates published in December 2020. The revised figures show that, in 2019, the U.S. space economy accounted for $194.4 billion of real gross output, $125.9 billion of real GDP (translating to 0.6 percent of U.S. GDP), $42.4 billion of private industry […]

WASHINGTON (Commerce Department PR) — The Space Economy Satellite Account (SESA) is a new, collaborative effort to measure the relative importance of the space sector on the U.S. economy, with a special emphasis on the growing commercial space segment. This new account is part of the economic satellite accounts produced by the Bureau of Economic Analysis (BEA).  A satellite account refers to statistics that complement BEA’s official U.S. economic statistics, […]