🛢️23% Drop in US Oil Spills. Russian Education Spend. European Space Industry.
Chart of the Day #146 looks at Education Expenditure, Oil Spills and Space
Yia sas 🏛️
A Philippine tanker carrying 1.4M litres of industrial fuel oil capsized off Manila due to heavy rains and monsoons, prompting the Philippine Coast Guard to deploy dispersants and floating barriers. The European Space Agency (ESA) and the UK Space Agency have announced plans to expand their presence in the UK, following a funding announcement of $2.7M for space industry skills gaps.
Today's Topics
🏫 Education Expenditure. Russia's education spending within 4% of GDP for the past decade
🛢️ Oil Spills. US oil spills declined by nearly 25% in 2021
✨ Space. European space industry turnover reached €13B in 2019
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🏫 Russia's Education Spending Within 4% of GDP for the Past Decade
For the past decade, Russia has maintained its government expenditure on education at under 4% of GDP. This stable spending level demonstrates the government's ongoing (albeit lower than other major economies), engagement in the education sector. Despite economic swings and financial constraints, Russia's dedication to maintaining education spending under this limit demonstrates its careful approach to supporting educational projects and infrastructure.
🛢️US Oil Spills Declined by 23% in 2020
In 2020, the number of oil spills in the US declined by 23%. This decrease is attributed to stricter regulations, improved safety protocols, and advancements in spill-prevention technologies. Enhanced industry practices and increased environmental awareness have also played a crucial role in reducing the frequency and impact of oil spills over the past two decades.
✨ European Space Industry Turnover Reached €13B in 2019
The European space industry saw a significant recovery in 2019, with turnover exceeding its 2015 low by €5.5 billion. The decline in 2015 was attributed to fewer satellite launches and budget constraints. Since then, additional investments, technical improvements, and rising demand for space services have fueled the industry's rebirth, resulting in a significant financial recovery by 2019.
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