Ungated Post | 13 Nov 2018
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.
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:
EMEA
Sam Moore
+44 (0)207 803 1415
Email
Americas
Hamilton Galloway
+1 (646) 503 3068
Email
Asia
Peter Suomi
+65 6829 7198
Email
Related Services
Post
The Economic Impact of the On-demand Service Industry in Indonesia
This report examines the contributions of the on-demand service industry to Indonesia’s economy, quantifying its economic impact and highlighting the socio-economic value the industry creates for gig workers and small businesses.
Find Out More
Post
The Economic Impact of Grab in Singapore
This report examines Grab’s contributions to Singapore’s economy, quantifying its economic footprint and highlighting the platform’s contribution to the digital economy, and the socioeconomic opportunities it creates for gig workers and small businesses.
Find Out More
Post
The Economic Impact of Regenerating Old Trafford
Manchester United is considering several options for the development of their stadium at Old Trafford. As such, there is a need to understand the net socioeconomic benefits that could be generated by a potential new stadium at a local, regional, and national level.
Find Out More