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.
Read the full report.
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
To find out more about our capabilities, contact:
+44 (0)207 803 1415
+1 (646) 503 3068
+65 6829 7198
The Relevance of Silver in a Global Multi-Asset Portfolio
This study examines whether silver should be viewed as a distinct asset class that warrants a strategic investment allocation within an efficient multi-asset portfolio.Find Out More
Achieving data-led innovation for the modern supply chain
A persistent pandemic, economic uncertainty, and a global geopolitical conflict continue to dominate headlines and fuel Chief Supply Chain Officer (CSCO) frustrations. Navigating uncertainties—and managing supply chain challenges accordingly—has out of necessity become a top business priority for boards and C-suites alike.Find Out More
The Economic Impact of Drax Group in the U.K., U.S. and Canada
This study investigates Drax Group’s economic impact in the U.K., U.S., and Canada. It considers Drax’s own operations, the economic activity supported by its procurement spending and the impact of the wage payments to employees. We also consider the social value delivered by Drax Group.Find Out More