The Committee on “Understanding the Space Economy” will, in cooperation with other interested Committees, foster interest in the importance of building a more robust statistical knowledge-base of the space economy. The Committee will:

- Provide a forum to discuss and exchange views on definitions, measurement issues, impacts, and potential social benefits of the space economy.

- Propose and (if approved) promote in coordination with the IAF secretariat workshops and seminars relating to measurement issues of the space economy.

- Identify and invite representatives of organizations outside the space community to present and share lessons learned from other sectors, regarding value chains and societal impact assessments.

- Assess and regularly report on the current international statistical knowledge-base of the space economy.

- Promote guidelines to encourage the development of internationally comparable economic data series over-time.