The data analysts at Fair Betting Sites have crunched the space budgets from countries around the world to see which nations are spending the most money on their aerospace programs.
The United States came away as the clear winner, spending 4.5x more than China, the next-highest country. In total, the US spent $61.97 billion on space programs in 2022, more than any other country in the world.
The data, which was sourced from Euroconsult, revealed that the US space budget outweighed that of all governments in the world combined ($41 billion).
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Highlights from the data:
- United States Spent $61.7B on Space Programs in 2022
- USA Space Budget Was 4.5x Higher Than China, The Next-Highest Country
- No Other Countries Spent More Than $5B on Aerospace Programs
Full story here, https://fairbettingsites.co.uk/blog/2023/03/10/space-race-us-government-spent-51-more-on-space-programs-than-the-rest-of-the-world-combined/
United States Spent $61.7B On Space Programs In 2022
The United States space budget is by far the largest on earth.
No government spent more on its aerospace programs in 2022 and it wasn’t even close.
The US space budget came in at $62 billion, 51.2 percent more than the rest of the countries in the world combined ($41 billion)
USA Space Budget Was 4.5x Higher Than China, The Next-Highest Country
China was second on the list with a total of $11.91 billion of expenditures on its space programs.
Over the last five years, China’s aerospace programs have undergone significant development.
Even with China’s space budget steadily increasing, the US spent 4.5x more on its space budget compared to China.
No Other Countries Spent More Than $5B On Aerospace Programs
No other country in the world invested more than $5 billion in its space program.
Japan was third on the list with $4.90 billion in space program expenditures in 2022.
France ($4.20B) and Russia ($3.42B) rounded out the top-5 countries with the most government spending on space programs in 2022.