The Aviationindustry, as a whole, accounts for $2.7 trillion of the worlds Gross Domestic Product (GDP) (3.5% of total GDP). Worldwideairlines carry over 3 billion passengers and 50 million tonnes of cargo per year. At current theAviation industry is larger than the world automotive industry which accountsfor 1.
2% of the GDP by providing these air transport services generates $664.4billion directly into the global GDP. The airline industry also contributes $761.4 billonindirectly to the global GDP. It does this through the employment andactivities of external suppliers that support the Aviation industries such asfuel suppliers, contracting firms that build airport facilities, aircraft partsuppliers and the manufactures of good that can be purchased in airport retailoutlets. $355 billion is also generated through the spending ofemployees directly or indirectly employed by the aviation sector. Tourism is rapidly becoming one of the largest industriesand the Aviation industry has a vital position in supporting tourism worldwide,government analysis estimates that $892 billion is generated by the directinvolvement of the Aviation industry in the tourism sector. If the Air Transport industry was a country its GDP wouldrank at 21st in the world similar to that of Sweden or Switzerland.
Governments are also set to receive a healthy gain from theincreased performance of the aviation industry as the 2019 tax forecastspredict the industry to generate $124 billion in tax revenues. From the graph you can see that compared to the samequarter last year, total passenger (excluding those going to/from North Sea oilrigs) increased by 5.2% across all UK reporting airports in Q3 2017.
Allregions experienced an increase in passenger numbers over the same period, withEurope being the best performing (+6.7%), while the Domestic market saw theweakest growth (+0.3%).