Page 10 - AAA NOV / DEC 2024 Digital Magazine | GBP
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has analyzed the economic            •4.1% of global GDP is ascribed    economic benefits of aviation,
        and social benefits of aviation      by the airline industry            such as the jobs or economic
        at a national level in 80 coun-      •35% of global trade by value is   activity that occur when compa-
        tries and used the results of that   carried by aircraft                nies or industries exist because
        assessment to build the most                                            air travel makes them possible,
        comprehensive global picture of      •If aviation was a country, it     the intrinsic value that the speed
        air transport’s many benefits.       would rank 17th in size by GDP     and connectivity of air travel
                                                                                provides, or domestic tourism
                                            Every day, there are:
        Working with partners across the                                        and trade. Including these would
        industry, ATAG has expanded the      •12.4 million passengers carried   increase the employment and
        analysis to build a unique view of   •128,300 flights taking off        global economic impact num-
        the air transport system. Aviation:   •$18 billion worth of goods       bers several-fold.”
        Benefits Beyond Borders (ABBB)       transported
        2019 provides an excellent snap-                                        Aviation’s impact on linking the
        shot of jobs, trade, connectivity,   Every 60 seconds, there are:       world is extraordinary. Consider
        tourism, vital lifelines for many    •$12.4 million worth of global     the numbers in 2019:
        remote communities and rapid         trade moved                         •48,004 air routes were
        disaster response prior to COVID.                                        conducted
        (We have used the 2019 report        •$6.6 million worth of economic     •21,187 unique city pairs were
        as it takes a snapshot in stable     activity supported                  connected
        economic conditions)
                                            Aviation is indispensable for global   •4.5 billion passenger journeys
        The headline numbers are impres-    tourism, which is a major engine     were undertaken
        sive. Every year based on 2019      of economic growth, particularly in   •46.8 million scheduled flights
        figures:                            developing economies. Globally,      took-off
         •87.7 million jobs are supported,   54% of international tourists travel   •1,478 commercial airlines
                                            by air.
          directly and indirectly                                                operated
         •$3.5 trillion is contributed to the   The report states that “these    •3,780 airports served scheduled
          global economy                    figures do not include other         flights
                                                                                 •33,299 commercial aircraft were
                                                                                 in service
                                                                                 •Air transport carried 35% of
                                                                                 world trade by value

                                                                                Fast forward to 2023 and the
                                                                                industry has almost recovered to
                                                                                2019 levels.

                                                                                A very important aspect of air
                                                                                transport is its very significant
                                                                                contribution to social benefit. By
                                                                                facilitating tourism and trade,
                                                                                it generates economic growth,
                                                                                provides jobs, improves living
                                                                                standards, alleviates poverty and
                                                                                increases revenues from taxes.


                                                                                ABBB 2019 stated: “The increase
                                                                                in cross-border travel is a
                                                                                reflection of the closer rela-
                                                                                tionships developing between
           Cargo is unloaded at Perth Airport. Every night 45 tonnes of express cargo - mainly   countries, both between indi-
             spare parts for the resource industry and medical supplies - arrives for either   viduals and at state level. In the
           trans-shipment to the northwest of Western Australia or local delivery. Sandie West  same way, eased restrictions

        10 | NOVEMBER - DECEMBER 2024                                                        WWW.GBP.COM.SG/AAA
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