NASA Generates $64B US Economic Impact
September 25, 2020
released results of its first-ever
agency wide economic impact report.
The report shows that, through all
NASA activities, the agency
generated more than $64.3 billion in
total economic output during fiscal
year 2019, supported more than
312,000 jobs nationwide, and
generated an estimated $7 billion in
federal, state, and local taxes
throughout the United States.
The agency commissioned an economic
impact study to better understand
how the U.S. economy benefited in
FY2019 from America’s lunar and Mars
exploration efforts. The study found
the agency’s Moon to Mars
exploration approach generated more
than $14 billion in total economic
output and supported more than
69,000 jobs nationwide in fiscal
The agency’s Moon to Mars initiative, which includes the Artemis program, supports more than 69,000 jobs, $14 billion in economic output, and $1.5 billion in tax revenue. The agency’s Moon to Mars programs provided about 22 percent of NASA’s economic impact. These figures are expected to double in 2021.
NASA has more than 700 active international agreements for various scientific research and technology development activities in FY2019. The International Space Station is a significant representative of international partnerships – representing 15 nations and five space agencies and has been operating for 20 years.
NASA spinoff technologies provide an impact on American lives beyond dollars and jobs. The agency has recorded more than 2,000 spinoffs since 1976. For example, engineers at NASA’s Jet Propulsion Laboratory developed, in just 37 days, a ventilator specifically for coronavirus patients and, after securing an emergency use authorization from the Food and Drug Administration, made the design available to select manufacturers at no cost.
Scientific research and development – which fuels advancements in science and technology that can help improve daily life on Earth and for humanity – enjoys the largest single-sector impact, accounting for 16% of the overall economic impact of NASA’s Moon to Mars program.
The study was conducted by the Nathalie P. Voorhees Center for Neighborhood and Community Improvement at the University of Illinois at Chicago. UIC has worked with NASA’s Marshall Space Flight Center on economic impact reports conducted for the center and the Voorhees Center is widely recognized as one of the foremost organizations conducting economic impact studies for corporations, communities, and government agencies.