Transportation and Money: The Latest On Airports As Economic Enginesby Benét J. Wilson July 28, 2015
Earlier this year, we gave you a snapshot of how airports in Ohio contribute to their local economies. Now, we’ve got some broader numbers on how aviation fuels the U.S. economy.
A report from the Federal Aviation Administration says civil aviation-related economic activity generated $1.5 trillion and supported 11.8 million jobs with $459.4 billion in revenue.
Civil aviation accounted for 5.4 percent of U.S. gross domestic product, according to the report, called “The Economic Impact Of Civil Aviation On The U.S. Economy,” which was published in January.
The top five states in population and overall economic output (California, Texas, New York, Florida, and Illinois) are also the top five states in terms of aviation-related economic output.
The report is a treasure trove of numbers that show the impact of the industry in 50 states and the District of Columbia, and includes an overview of recent economic events, state-level enabling impacts, and FAA spending impacts.
The first section of the report covers the economic performance of state economies, while the second examines state-level economic impacts of the civil aviation industry by the type of expenditure categories: airline operations, airport operations, general aviation, aircraft manufacturing, air couriers, visitor expenditures and travel arrangements.
For story ideas, check out where your state ranks in aviation-related revenue. Then, see if your state or local airport produces its own aviation report (we’ve included links to a number of them below).