NASA Generated $76 Billion For US Economy In 2023

NASA’s economic impact report highlights that in fiscal year 2023, the agency’s initiatives contributed $75.6 billion to the U.S. economy, created over 300,000 jobs, and drove advancements in areas like space exploration, climate research, and technology innovation. The agency’s budget for that year was $25.4 billion.

The Moon to Mars program alone created $23.8 billion in economic output and 96,479 jobs, while investments in climate research and technology contributed $7.9 billion and 32,900 jobs. The report also drills down into impacts in each state, with 45 states seeing over $10 million in impact and eight states surpassing the $1 billion mark. […]

NASA’s missions supported 304,803 jobs across America, according to the report — the third agency-wide study of its kind — generating an estimated total of $9.5 billion in federal, state, and local taxes. Additionally, NASA’s technological innovations and transfers in 2023 led to 40 new patent applications, 69 patents issued, and thousands of software usage agreements. A number of NASA technology spinoffs have become everyday household items. The full NASA economic impact report can be found here.