🚀 🇺🇸 Economic Impact of the U.S. Space Industry and Potential Opportunities in Uruguay 🇺🇾 🚀 The latest report from the US Bureau of Economic Analysis highlights the significant impact and growth of the U.S. space economy. Here are some key insights: 🔹 Economic Size: In 2022, the U.S. space economy generated $196.4 billion in real gross output, accounting for 0.6% of the total U.S. gross output. This includes $125.9 billion from private space activities and $70.5 billion from governmental programs. 🔹 Growth Rate: The U.S. space economy has experienced rapid growth, averaging a 6.7% annual increase in gross output from 2012 to 2022. The private sector has been a major driver, with an impressive 9.5% annual growth rate during the same period. 🔹 Diverse Activities: The space economy encompasses a wide range of industries and activities. It also includes governmental space programs and a thriving private space sector. 🔗 Full report here: https://lnkd.in/drsvciS3. ✨ Given these robust figures, imagine the financial impact and growth this industry could generate in a country such as Uruguay. Why Look into Uruguay? 🔹 Governance and Stability: Uruguay consistently ranks #1 in Latin America in all international indexes related to democracy, low corruption, respect for regulations, transparency, civil liberties, and social mobility. It is the only Mercosur country with an investment-grade rating, reflecting its stable and reliable economic environment. 🔹 Business-Friendly Environment: Uruguay offers an attractive and secure environment for foreign companies. It provides a central hub for trade, leadership, and regional business support, minimizing risks while enabling the production and distribution of goods and services globally. 🔹 Environmental Sustainability: Uruguay is committed to environmental care, ranking #3 worldwide in clean energy, with over 94% of its energy coming from renewable sources. 🔹 Quality of Life: Known for its peaceful and open society, Uruguay offers a rich cultural, innovative, and educational landscape. Montevideo, the capital, has been repeatedly recognized as the city with the best quality of life in Latin America by the Mercer Index. For investors, aerospace companies, and industry leaders, Uruguay presents a unique opportunity to capitalize on a stable, business-friendly environment with a strong commitment to sustainability and high quality of life. The aerospace industry can find a supportive ecosystem in Uruguay, fostering innovation and growth. Sources: Uruguay XXI - Banco Central del Uruguay - Economist Intelligence: EIU - Transparency International - World Economic Forum - Freedom House - United Nations - World Justice Project - International Monetary Fund - Moody's - Fitch Ratings - Zonamerica
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Expert Space Law consultant Member of the legal advisory group on Space Strategy Spanish Space Plattform AEDAE´s gender equity commission for Space&Aviation EVA's partner for Space.Legal Research on Space Exploration UCM
4moMara Cecilia Fernández