Airports Contribute 4.1% of GDP in Europe, Claims New ACI Study
Published: 21January15 | Source: ©The Moodie Report | By Dermot Davitt
EUROPE. ACI Europe has released a new study, conducted by InterVISTAS, that quantifies and documents the economic contribution of the airport industry in Europe.
It reveals that Europe’s airports contribute to the employment of 12.3 million people earning €365 billion in income annually. Overall, they generate €675 billion of GDP each year – accounting for 4.1% of GDP in Europe.
While airports are job-intensive locations with a direct impact on the economy, the study, called the Economic Impact of European Airports, also looks at the significant indirect impacts of airport activities.
ACI Europe said: “What sets airports and their associated aviation partners (airlines, ground handlers, retailers, air traffic control, etc) apart from most other sectors is their ability to facilitate and generate wider economic activities. This specific ability boosts overall national and European economic performance – reflecting the role of air connectivity in delivering increased trade, greater investments, more tourism activity and better productivity overall.”
Arnaud Feist, President of ACI EUROPE and CEO of Brussels Airport Company, said: “With the European Commission now conducting a review of aviation policy and preparing a new Aviation Package, there is a need to better explain and substantiate the crucial role of air connectivity – and its interactions with the economy. That is what this study is about.
“The figures on airports’ contribution to jobs and GDP are impressive. They clearly show that airports and their associated aviation partners are not just providing a service to other industries and the travelling public – but that they are in fact a key driver and facilitator of economic growth and prosperity in today’s globalised world. While economic growth naturally supports air connectivity, increased air connectivity also supports wider economic growth. For every +10% increase in a country’s air connectivity, GDP per capita is lifted by +0.5%.”
He added: “But this study also looks ahead and highlights the need to secure the potential future contribution of Europe’s airports to the economy. Assessing the impact of the looming airport capacity crunch which has been widely documented by EUROCONTROL, the study shows that if airports are not allowed to expand in line with future demand, Europe will lose the opportunity to create 2 million jobs and will forego €97 billion in economic activity each year by 2035.”
How the number of jobs breaks down by category, including retail and food & beverage