Benefits Beyond Borders
Oxford Economics has once again collaborated with the Air Transport Action Group (ATAG) to provide the most comprehensive estimate of the the value of the world's aviation sector.
We use a wide range of data, from industry and governments, to estimate the economic impact of the aviation sector in 63 individual countries, 6 regions, and 7 country groups. We estimate that in 2016, the air transport sector and the tourism it facilitates supported a $2.7 trillion contribution to global GDP and 65.5 million jobs.
This year's report has a special emphasis on the importance and value of an open and interconnected world. The benefits that the aviation sector facilitates depend crucially on the freedom of people and goods to move across borders, facilitating business meetings, knowledge sharing, trade, and investment. As part of this theme, we present two scenarios for the aviation sector's economic impact over the next 20 years: one where the world continues to become more open and interlinked, and one in which that process is interrupted or reversed.
Senior Economist, Economic ImpactEmail