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Ing El Salvador Economic Benefits of Air Transport in El Salvador Economic Benefits of Air Transport in El Salvador Acknowledgements Oxford Economics acknowledges the assistance from the International Air Transport Association (IATA) in the preparation of this report. Oxford Economics 2018 2 THE IMPORTANCE OF AIR TRANSPORT TO EL SALVADOR The air transport sector makes a major contribution to the economy of El Salvador 116,000 DIRECT, SUPPLY CHAIN, TOURISM JOBS & EMPLOYEE SPENDING SUPPORTED BY THE AIR TRANSPORT SECTOR $1.1 BILLION GROSS VALUE ADDED CONTRIBUTION TO GDP 60,300 JOBS 55,800 JOBS 4% GDP SUPPORTED BY AIR TRANSPORT & FOREIGN TOURISTS ARRIVING BY AIR US $480 US $623 MILLION GROSS VALUE ADDED It creates jobs... are subsequently spent on tourists supports a further consumer goods and services. $623 million gross value added Airlines, airport operators, contribution to the country’s GDP. airport on-site enterprises Foreign tourists arriving by air (restaurants and retail), to El Salvador, who spend their This means that 4 percent of aircraft manufacturers, and air money in the local economy, the country’s GDP is in some navigation service providers are estimated to support an way dependent on the air employ 5,500 people in El additional 55,800 jobs. transport sector and foreign Salvador.1 In addition, by buying tourists arriving by air. goods and services from local ...and generates wealth suppliers the sector supports another 29,000 jobs. On top The air transport industry is of this, the sector is estimated estimated to support a $480 to support a further 25,800 million gross value added jobs by paying wages to its contribution to GDP in El Salvador employees, some or all of which annually. Spending by foreign 1 All figures relate to calendar year 2017 unless otherwise noted. The importance of air transport to El Salvador Air transportation facilitates exports, foreign direct investment, and tourism Exports, FDI, and inbound tourist spending Air transport brings tourists in El Salvador each year, goods and services to other and investment into El supporting restaurants, hotels, countries. Over time, the Salvador, and helps businesses transport providers, and country has accumulated trade their goods and services others who cater to tourists. $9.2 billion in foreign direct around the world. Foreign In addition, El Salvador investment.2 tourists spend $872 million exports $6.9 billion worth of The most popular direct flight links to El Salvador: Country Flights per year 1 1. United States 6,700 2. Honduras 2,500 3. Costa Rica 1,900 4. Mexico 1,700 5. Colombia 1,700 4 6. Guatemala 1,700 7. Nicaragua 1,300 6 2 8. Panama 1,100 9. Ecuador 730 7 10. Peru 730 3 8 5 9 10 US $9.2 US $872 US $6.9 BILLION MILLION BILLION INVESTMENT FOREIGN TOURIST EXPORTS EXPENDITURE MONEY FLOWING INTO EL SALVADOR 2 FDI is stated in 2016 prices and exchange rates. The importance of air transport to El Salvador The air transport sector connects people around the world 52,000 1.4 MILLION 661,000 Arrivals by region, number Number of direct flight destinations from El Salvador to the of passengers world’s 10 biggest aviation markets, measured by passengers Latin America and the United States Caribbean and Europe are the largest sources of arrivals to El China Salvador after North America. Japan 661,000 passengers arrived to El Salvador from Latin United Kingdom America and the Caribbean (31.7 percent of the total) and India 52,000 passengers arrived from Europe (2.5 percent of Indonesia 14 DIRECT FLIGHT the total). DESTINATIONS IN THE 10 BIGGEST Spain AVIATION MARKETS Germany Brazil Italy The importance of air transport to El Salvador Ease of travel, cost competitiveness, and infrastructure are vitally important Number of passengers travelling annually through the Key infrastructure facts about country’s main airports El Salvador’s air transport Around 42,100 aircraft land 4.4MILLION 1 EL SALVADOR INTL every year. El Salvador Intl airport carried the most San Salvador passengers. The airport helps 1 about 4.4 million people take flight annually. NUMBER OF OPERATING 1 AIRLINES 42,100 AIRPORTS LANDINGS AND 14 TAKEOFFS Infrastructure quality Survey evidence of 23 priorities toto adadvancevance the score: 4/7 infrastructure and ease of travel aviationaviation agenda:agenda 1. Align regulatory framework with Executives surveyed by the 1. Pglobalromo bestte and practices. align World Economic Forum regulatory framework with suggest that El Salvador’s air 2. Ensureglobal competitivebest practi costsces. and Visa openness score3: transport infrastructure quality efficient administration in airports 5/10 ranks 10th out of 24 countries 2. Pthroughromot eopen inte rcommunicationnational with included in the survey in Latin sthetanda industry.rds and best practices America and the Caribbean towards development of and 74th globally. 3. nEnsureew ai rtransparencyports. and Cost competitiveness participation of the industry in score4: 5/10 El Salvador ranks 6th out infrastructure planning and of 24 in Latin America development across Central America. and the Caribbean for visa openness and 12th for cost competitiveness. 3 Entry visa requirements for a tourism visit from worldwide source markets (10 = no visa required for visitors from all source markets, 0 = traditional visa required for visitors from every source market). 4 Based on ticket taxes, airport charges, and VAT (10=low cost, 0=high cost). August 2018 This report is one of For more information, please Oxford Economics prepared several that examine the visit www.IATA.org or contact: this report with IATA’s support. air transport sector’s importance around the Ian Saxon All currency values are in world. Access them all from [email protected] US dollars at 2017 prices IATA’s website. Tel: +44 (0)203 910 8064 and exchange rates, unless otherwise stated. Sources: IATA, Oxford London All figures pertain to Economics, UNCTAD, Broadwall House, 21 Broadwall, calendar year 2017, unless International Monetary Fund, London, SE1 9PL, UK otherwise stated. and national statistics. www.oxfordeconomics.com .
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