Malta International Airport contributes to 9.2 per cent of Malta’s GDP, according to a new study on the economic impact of European airports.
The study reveals that Malta’s airport contributes to the employment of 15,300 people and generates €660 million annually.
The study takes into account direct, indirect and catalytic impacts such as increased trade, investment and tourism.
It shows that all of Europe’s airports contribute to 4.1 per cent of the continent’s GDP, generating €675 billion each year. Overall, the airports contribute to the employment of 12.3 million people earning €356 billion in income, annually.
“This result confirms the important contribution our company makes to Malta’s national economy. The report shows that for every 10 per cent increase in air connectivity, GDP per person in that country increases by an additional 0.5 per cent. This shows how constructive our efforts have been in making Malta the third most connected airport among 136 airports in its class,” MIA CEO Alan Borg said.
The report was released by ACI Europe and conducted by InterVistas.