New Report Shows NASAâs $75.6 Billion
Boost to US Economy
NASAâs work, including its Moon to Mars exploration approach, is advancing science and technology for the Artemis Generation, while also driving significant economic growth across the
United States, the agency announced Thursday.
In its third agencywide economic impact report, NASA highlighted how its Moon to Mars activities, climate change research and technology development, and other projects generated more
than $75.6 billion in economic output across all 50 states and Washington, D.C., in fiscal year 2023.
âTo invest in NASA is to invest in American workers, American innovation, the American economy, and American economic competitiveness,â says NASA Administrator Bill Nelson. âOur work
doesnât just expand our understanding of the universe â it fuels economic growth, inspires future generations, and improves our quality of life. As we embark on the next great chapter of exploration, we are proud to help power economic strength, job creation,
scientific progress, and American leadership on Earth, in the skies, and in the stars.â
Combined, NASAâs missions supported 304,803 jobs nationwide, and generated an estimated $9.5 billion in federal, state, and local taxes throughout the United States.
The study found NASAâs Moon to Mars activities generated more than $23.8 billion in total economic output and supported an estimated 96,479 jobs nationwide. For investments in climate
research and technology, the agencyâs activities generated more than $7.9 billion in total economic output and supported an estimated 32,900 jobs in the U.S.
Additional key findings of the study include:
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Every state in the country benefits economically through NASA activities. Forty-five states have an economic impact of more than $10 million. Of those 45 states, eight have an economic impact of $1 billion or more.
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The agencyâs Moon to Mars initiative, which includes the Artemis missions, generated nearly $2.9 billion in tax revenue. These activities provided about 32% of NASAâs economic impact.
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The agencyâs investments in climate change research and technology generated more than $1 billion in tax revenue.
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Approximately 11% of NASAâs economic impacts are attributable to its investments in climate change research and technology.
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NASA had more than 644 active international agreements for various scientific research and technology development activities in the 2023 fiscal year. The International Space Station, representing 15 countries and five space agencies,
has a predominant role in the agencyâs international partnerships.
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In fiscal year 2023, NASA oversaw 2,628 active domestic and international non-procurement partnership agreements, which included 629 new domestic and 109 new international agreements, active partnerships with 587 different non-federal
partners across the U.S., and partnerships in 47 of 50 states.
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NASA Spinoffs, which are public products and processes that are developed with NASA technology, funding, or expertise, provide a benefit
to American lives beyond dollars and jobs. As of result of NASA missions, our fiscal year 2023 tech transfer activities produced 1,564 new technology reports, 40 new patent applications, 69 patents issued, and established 5,277 software usage agreements.
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Scientific research and development, which fuels advancements in science and technology that can help improve daily life on Earth and for humanity, is the largest single-sector benefitting from NASAâs work, accounting for 19%
of NASAâs total economic impact.
The
study was conducted by the Nathalie P. Voorhees Center for Neighborhood and Community Improvement at the University of Illinois at Chicago.
To review the full report, visit:
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