{"id":1783,"date":"2017-11-13T09:20:36","date_gmt":"2017-11-13T09:20:36","guid":{"rendered":"https:\/\/a3space.org\/svemirska-industrija-sada-cini-2-bdp-a-luksemburga\/"},"modified":"2024-05-20T09:23:39","modified_gmt":"2024-05-20T09:23:39","slug":"the-space-industry-is-now-2-of-luxebourgs-gdp","status":"publish","type":"post","link":"https:\/\/a3space.org\/en\/the-space-industry-is-now-2-of-luxebourgs-gdp\/","title":{"rendered":"The space industry is now 2% of Luxebourg&#8217;s GDP"},"content":{"rendered":"<p>Luxembourg, one of Europe&#8217;s smallest countries is gradually becoming a giant in the space industry.<\/p>\n<p>With a population of just over 590.000, Luxemourg now generates nearly 2 percent of its annual GDP ($61 billion in 2016 ) from the space industry, according to Deputy Prime Minister Etienne Schneider.<\/p>\n<p>Luxembourg&#8217;s sights are set on resources in space, and the country&#8217;s &#8220;space resources initiative&#8221; is plans to make the most out of a quickly growing global industry, Schneider says. &#8220;It&#8217;s a series of measures to position Luxembourg as the European heart of exploration and use of space resources.&#8221;<\/p>\n<p>Space mining is Luxembourg&#8217;s present focus, but it is not the country&#8217;s first encounter with the space industry. In 1985, Luxembourg launched a public-private partnership with satellite builder SES. While Schneider said he believes the satellite business has not reached a negative trend, he does not anticipate the space industry growing beyond the 2 percent GDP mark any time soon.<\/p>\n<p>You can read more about the Deputy Prime Minister&#8217;s comments via this <a href=\"https:\/\/www.cnbc.com\/2017\/11\/11\/etienne-schneider-the-space-industry-is-now-2-percent-of-luxembourgs-gdp.html\">link<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Luxembourg, one of Europe&#8217;s smallest countries is gradually becoming a giant in the space industry. With a population of just over 590.000, Luxemourg now generates nearly 2 percent of its annual GDP ($61 billion in 2016 ) from the space industry, according to Deputy Prime Minister Etienne Schneider. Luxembourg&#8217;s sights are set on resources in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1781,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[731,732,64,733,65,734],"class_list":["post-1783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-vijesti","tag-luksemburg-en","tag-luxembourg-en","tag-space-en","tag-space-economy-en","tag-svemir-en","tag-svemirsko-gospodarstvo-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.3 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The space industry is now 2% of Luxebourg&#039;s GDP - Adriatic Aerospace Association<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/a3space.org\/en\/the-space-industry-is-now-2-of-luxebourgs-gdp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The space industry is now 2% of Luxebourg&#039;s GDP\" \/>\n<meta property=\"og:description\" content=\"Luxembourg, one of Europe&#8217;s smallest countries is gradually becoming a giant in the space industry. With a population of just over 590.000, Luxemourg now generates nearly 2 percent of its annual GDP ($61 billion in 2016 ) from the space industry, according to Deputy Prime Minister Etienne Schneider. 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