ESA Space Economy – Partnering with the OECD to develop international best practices

ESA Space Economy – Partnering with the OECD to develop international best practices [Jul/2024]

For the past ten years, the European Space Agency, with several other space agencies, has been cooperating with the Organisation for Economic Co-operation and Development (OECD), through the work of the OECD Space Forum.

The OECD Space Forum is an international platform that brings together stakeholders from the global space community to exchange on economic issues related to space activities. Within the OECD Directorate for Science, Technology and Innovation, the Space Forum aims to improve measurement of the space economy and its broader impacts and provides a unique setting for research and discussions on the space economy.

The work of the OECD Space Forum, with the continuous support and inputs provided by its Steering Group members, has led to the publication of several key reports, considered as international references in the research around measuring the space economy, such as:

- The OECD Handbook on Measuring the Space Economy first and second editions.

- The OECD publications on the Economics of Space Sustainability, related specifically to space debris, which look at assessing the potential costs of space debris incidents, estimating the value of space infrastructure and comparing the economic effects of different policy options (see latest available information here).

The OECD Space Forum also initiated a key topic of research around the use of official statistics to measure the space sector and the development of thematic account for space (previously called “satellite account”). A first successful space economy thematic account has been developed in the United States, by the US Bureau of Economic Analysis (BEA, responsible for the computation of US Gross Domestic Product). With the support of the OECD and the US BEA, ESA launched a first of its kind cooperation project with Eurostat and the European Commission Joint Research Centre (JRC) to investigate the development of a European space economy thematic account (link to Eurostat/JRC Partnership page).

ESA Space Economy team cooperation with the OECD is an essential and unique partnership to foster the development of common frameworks, definitions, and best practices on the space economy related research and analysis.

To know more about the work of ESA Space Economy team partnership with the OECD, please do not hesitate to contact us!

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