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The analysis presented on April 8, 2008, showed that the revenues from the worldwide government as well as private expenditures on space projects registered an 11 percent increase and reached $251 billion, though many countries have shown a slowdown in the growth of their economy.

Over a half of the world space economic activity comes from acquirements of products and services, based on commercial satellites. About a quarter of global space economic activity stems from the spending of the United States government. This data was offered by the Space Report 2008, which was issued by the Space Foundation, a nonprofit advocacy group working in Colorado Springs, Colorado.

The report, which contains 116 pages, states that the largest expansion was registered in two commercial satellite services, one being television and the other one the Global Positioning System navigation tool, a project financed by the United States.

"All sectors of space continue to grow despite economic woes in many countries. The space economy appears to be poised for steady growth in coming years," outlined Marty Hauser, the group's head of research and analysis.

The report, also said that the U.S. gathered a share of 81 percent of global government space spending, referring to "available information."

Joint United States expenditures on defense accounted $45 billion, which is about 71 percent of total expenditures of the U.S. government on space programs.

The report gave a dissimilar figure regarding China, which raised serious concerns after launching a ground-based missile to shoot down one of its satellites without providing a preventive warning to other nations about its test.

According to the Space Foundation, the civilian expenditures on space in China may have accounted $1.5 billion last year, naming this a conservative estimate. A totally different figure was shown by the report in regard to the U.S. civilian space agency, NASA, who got $17.3 billion for fiscal 2008.

The space spending of Russian Federation increased by 49 percent from 2006 and reached $1.32 billion last year. Such results were registered due to heavy investments in the country's GLONASS, which represents a global navigation satellite system.