Other statistics on NASA's economic impact may be found in the 1976 Chase Econometrics Associates, Inc. The discounted rate of return for this investment will have been 33 percent.' A map from NASA's web site illustrating its economic impact on the U.S. Economic impact of NASA funding Ī November 1971 study of NASA released by MRIGlobal (formerly Midwest Research Institute) of Kansas City, Missouri concluded that ' the $25 billion in 1958 dollars spent on civilian space R & D during the 1958–1969 period has returned $52 billion through 1971 – and will continue to produce payoffs through 1987, at which time the total pay-off will have been $181 billion. In 1973, NASA submitted congressional testimony reporting the total cost of Project Apollo as $25.4 billion (about $164 billion in 2021 dollars). The agency was building up to the first Moon landing and the Apollo program was a top national priority, consuming more than half of NASA's budget and driving NASA's workforce to more than 34,000 employees and 375,000 contractors from industry and academia.

NASA's budget peaked in 1964–66 when it consumed roughly 4% of all federal spending. Retrieved May 13, 2023.Ĭost of Apollo program NASA's spending peaked in 1966 during the Apollo program. Air Force Association's Air Force Magazine 2007 Space Almanac.Office of Management and Budget (OMB) (needs proper citation-link, numbers here differ from NASA Pocket Statistics) History of NASA's annual budget (millions of US dollars) Calendar Year Since its inception the United States has spent nearly US$650 billion (in nominal dollars) on NASA. It represents 0.48% of the $4.7 trillion the United States plans to spend in the fiscal year. NASA's budget for financial year (FY) 2020 is $22.6 billion.

The following charts detail the amount of federal funding allotted to NASA each year over its history to pursue programs in aeronautics research, robotic spaceflight, technology development, and human space exploration programs.Īnnual budget NASA's budget as percentage of federal total, from 1958 to 2017 Budget allocated to American space agency NASA by the US CongressĪs a federal agency, the National Aeronautics and Space Administration ( NASA) receives its funding from the annual federal budget passed by the United States Congress.

Nasa money