IATA: New Study Confirms Value of Air Transport in Panama

The International Air Transport Association (IATA) announced new data showing that aviation and aviation-related tourism contributes some $5.9 billion to Panama’s economy, an amount equal to 12.6% of the country’s GDP. This is much higher than the global average contribution of 3.4%, reflecting the positive impact of efficient connectivity to Panama’s economy.

This finding was among the highlights of the Economic Benefits of Air Transport in Panama study which IATA commissioned the independent research institute Oxford Economics to prepare for 2015.

“Aviation and aviation-related tourism are critically important to Panama—an economy built on connectivity. It’s been a successful strategy that supports Panama’s strong economic links with an efficient airport and a very successful airline. With over 40% of passengers at Tocumen International Airport transiting through the facility, it is clear that Panama has carved out a major role in the region that is paying significant economic dividends,” said Tony Tyler, IATA’s Director General and CEO, who is visiting Panama for the release of the study.
Source: http://goo.gl/TRw79W