How does aviation help the economy
How does aviation affect the economy?
By enabling access to (external) markets, aviation can impact the economy from the regional to the global scale, thereby changing the spatial distribution of economic activity as well as productivity of economic systems
3 1 1 Agglomeration or centripetal forces
What attracted you to the economics of the airline sector?
Throughout economic history, trade, mobility, and connectivity have been fundamental drivers of a sustainable and inclusive global economy with improved economic outcomes for all
Why is aviation important?
Aviation is one of the most “global” industries: connecting people, cultures and businesses across continents
Colleagues throughout the sector are committed to raising awareness of aviation benefits
It is necessary for all stakeholders and partners to work together to maximize the benefits and support the growth of
Aviation provides the only rapid worldwide transportation network, generating economic growth, creating jobs, and facilitating international trade and tourism. Aviation has become the enabler of global business and is now also being recognized by the international community as an essential enabler to achieving the UN Sustainable Development Goals.Aviation is a key driver of global economic development. Over a third of all trade by value is sent by air, which makes aviation a key component of business worldwide. Back Supporting employment The aviation industry supports 87.7 million jobs around the world.World Aviation and the World Economy The air transport industry is not only a vital engine of global socio-economic growth but is also of vital importance as a catalyst for economic development, creating direct and indirect employment, supporting tourism and local businesses, and stimulating foreign investment and international trade.Air transport is key to global economic development. This wider economic benefit is underpinned by both the direct connections between cities - enabling the flow of goods, people, capital, technology and ideas - and falling air transport costs. COVID-19 has caused a significant loss in air connectivity.Throughout economic history, trade, mobility, and connectivity have been fundamental drivers of a sustainable and inclusive global economy with improved economic outcomes for all. The advent of civil aviation played a key role in the spectacular progress the world experienced in the 20th century.
