Government Spending in Space Programs at $66.5 Billion in 2014 - Novaspace

Paris, Washington D.C., Montreal, Yokohama- According to Euroconsult's newly released research report, world government expenditures for space programs decreased by 4% to $66.5 billion in 2014. The decrease in U.S. military space expenditures combined with the impact of adverse exchange rates on Russia had a considerable influence on global trends as the two countries together account for 65% of space expenditures worldwide. Government spending excluding the U.S. and Russia actually increased by