THE VALUE OF AIR TRANSPORT IN ARGENTINA
2019 THE IMPORTANCE OF AIR TRANSPORT TO ARGENTINA
The air transport sector makes a major contribution to Argentina’s economy There are different ways of measuring air transport’s impact on an economy. We look at three: the jobs and spending generated by airlines and their supply chain, the flows of trade, tourism and investment resulting from users of all airlines serving the country, and the city pair connections that make these flows possible. All provide a different but illuminating perspective on the importance of air transport.
DIRECT SUPPLY EMPLOYEE TOURISM 329,000 CHAIN SPENDING SUPPORTED BY THE JOAIR TRANSPORTBS SECTOR
$12 GROSS VALUE ADDED BILCONTRIBUTIONLION TO GDP 71,000 79,000 51,000 129,000 JOBS JOBS JOBS JOBS
2.1% SUPPORTED BY AIR TRANSPORTGDP & FOREIGN TOURISTS ARRIVING BY AIR US $3.7 US $2.3 US $1.5 US $4.2 BILLION GROSS VALUE ADDED Source: Oxford Economics 1
The air transport sector all of which are subsequently support US $7.5 billion of GDP in supports jobs... spent on consumer goods and Argentina. Spending by foreign services. Foreign tourists arriving tourists supports a further Airlines, airport operators, by air to Argentina, who spend US $4.2 billion of the country’s airport on-site enterprises their money in the local economy, GDP, totaling to US $12 billion. In (restaurants and retail), aircraft are estimated to support an total, 2.1 percent of the country’s manufacturers, and air navigation additional 129,000 jobs. In total GDP is supported by inputs to the service providers employ 71,000 329,000 jobs are supported by air transport sector and foreign people in Argentina. In addition, air transport and tourists arriving tourists arriving by air. by buying goods and services by air. from local suppliers the sector supported another 79,000 jobs. ...and spending On top of this, the sector is estimated to support a further The air transport industry, For forecasts of the industry’s 51,000 jobs through the wages including airlines, and its GDP and jobs contribution over it pays its employees, some or supply chain, are estimated to the next 20 years see page 4 The importance of air transport to Argentina | 2
Air transport facilitates flows of goods, investment and people