industry, as a whole, accounts for $2.7 trillion of the worlds Gross Domestic Product (GDP) (3.5% of total GDP). Worldwide
airlines carry over 3 billion passengers and 50 million tonnes of cargo per year. At current the
Aviation industry is larger than the world automotive industry which accounts
for 1.2% of the GDP by providing these air transport services generates $664.4
billion directly into the global GDP.
The airline industry also contributes $761.4 billon
indirectly to the global GDP. It does this through the employment and
activities of external suppliers that support the Aviation industries such as
fuel suppliers, contracting firms that build airport facilities, aircraft part
suppliers and the manufactures of good that can be purchased in airport retail
$355 billion is also generated through the spending of
employees directly or indirectly employed by the aviation sector.
Tourism is rapidly becoming one of the largest industries
and the Aviation industry has a vital position in supporting tourism worldwide,
government analysis estimates that $892 billion is generated by the direct
involvement of the Aviation industry in the tourism sector.
If the Air Transport industry was a country its GDP would
rank at 21st in the world similar to that of Sweden or Switzerland.
Governments are also set to receive a healthy gain from the
increased performance of the aviation industry as the 2019 tax forecasts
predict the industry to generate $124 billion in tax revenues.
From the graph you can see that compared to the same
quarter last year, total passenger (excluding those going to/from North Sea oil
rigs) increased by 5.2% across all UK reporting airports in Q3 2017. All
regions experienced an increase in passenger numbers over the same period, with
Europe being the best performing (+6.7%), while the Domestic market saw the
weakest growth (+0.3%).