During the Aviation Day held some weeks ago in Panama, the most recent report with data from IATA and Oxford Economics was presented, on the value of aviation in this country, where foreign tourists arriving by air to Panama, who spend their money in the local economy, are estimated to support 182,000 jobs. In total 238,000 jobs are supported by air transport and tourists arriving by air.
Spending by foreign tourists supports a further US $5.8 billion of the country’s GDP, totaling to US $8.5 billion. In total, 14 percent of the country’s GDP is supported by inputs to the air transport sector and foreign tourists arriving by air.
“Panama is a clear example of how air transport can be developed to become the cornerstone of its economy. Therefore, it is necessary that aviation industry and the Goverment align with common objectives towards the development of infrastructure, connectivity and the regulatory framework. We have extended a bridge to the authorities to show that the industry is in a position to collaborate and at the same time we value the State’s commitment to work together and strategically, thinking about current and future aviation needs, for the enormous potential of economic and social growth that it offers to Panama”said David Hernández, Area Manager for IATA in Central America, Ecuador and Venezuela, during the event.
If you want to review this report and the video of the Magic of Aviation in Panama, you can access the following links:
Economic Report:
Magic of Aviation video:
