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Impact of Athens International Airport: on a national level and by 45% on a regional one. With
Contributing 2.1% of Greece’s GDP regard to the local impact, the study indicates that the
airport creates approximately 8,000 jobs to employees living
Today’s airports are recognised for their key impact on the at the Mesogheia area, and contributes to the local economy
local and greater region, far beyond the air transport aspect. an added value of €693 million. Also, the airport’s economic
They contribute substantially to the economic and social impact represents 47% of the GDP produced at Mesogheia and
value by creating job opportunities and economic growth, 22% of the total personnel employed at Mesogheia.
spanning beyond the local and regional confines of the
airport’s site. A relevant study on the economic impact of Table 6.1
Athens International Airport was undertaken in 2008/9 by Summary of AIA’s Economic Impact
the Athens University of Economics and Business, which
estimates the contribution of the Athens International Airport Total Greece % Greece % Attika Mesogheia Area
in terms of jobs generated and economic added value on 693 million
a local, regional and national level. Added Value 4,890 million 2.1% GDP 3.2% GDP 8,067 jobs
Based on 2007 and 2008 data from the airport and the Job Creation 63,143 1.3% 2.7%
National Statistical Service, and with the use of an econometric
input-output model, the study measures the economic impact Source: Athens University of Economics & Business, 2009
of the airport based on:
The above results are indicative of the airport’s significant
• Direct impact (AIA, airlines, users, concessionaires, etc.) impact on the national economy, taking also into account
that the study has not measured the “catalytic” effects of
• Indirect impact (transportation means, travel agents, etc.) the airport’s economic impact, an additional factor
comprising the employment and income generated in the
• Incremental tourism effect economy by the airport’s wider role in improving business
productivity and attracting economic activities such
• Induced/Multiplier impact resulting from direct and as foreign investment and incoming tourism.
indirect impacts.
Chart 6.1
Study Methodology Framework
Indirect Impact Direct Impact Incremental
Induced Impact Tourism Impact
2.1% GDP
63,000 Jobs
The results show that the total economic impact of Athens
International Airport amounts to 2.1% of Greece’s GDP, while
in total about 63,000 jobs are created. The GDP contribution
is considered very significant and is in the upper range of
relevant studies performed for major European airports,
demonstrating a relevant contribution between 1.4% and
2.5% (York Aviation, 2004 study for ACI). Meanwhile, the
latter benchmark study estimates the average job creation
on a national level at 2,950 jobs per million passenger
throughput. The study for Athens proves that “Eleftherios
Venizelos” airport exceeds this benchmark indicator by 30%
Impact of Athens International Airport: on a national level and by 45% on a regional one. With
Contributing 2.1% of Greece’s GDP regard to the local impact, the study indicates that the
airport creates approximately 8,000 jobs to employees living
Today’s airports are recognised for their key impact on the at the Mesogheia area, and contributes to the local economy
local and greater region, far beyond the air transport aspect. an added value of €693 million. Also, the airport’s economic
They contribute substantially to the economic and social impact represents 47% of the GDP produced at Mesogheia and
value by creating job opportunities and economic growth, 22% of the total personnel employed at Mesogheia.
spanning beyond the local and regional confines of the
airport’s site. A relevant study on the economic impact of Table 6.1
Athens International Airport was undertaken in 2008/9 by Summary of AIA’s Economic Impact
the Athens University of Economics and Business, which
estimates the contribution of the Athens International Airport Total Greece % Greece % Attika Mesogheia Area
in terms of jobs generated and economic added value on 693 million
a local, regional and national level. Added Value 4,890 million 2.1% GDP 3.2% GDP 8,067 jobs
Based on 2007 and 2008 data from the airport and the Job Creation 63,143 1.3% 2.7%
National Statistical Service, and with the use of an econometric
input-output model, the study measures the economic impact Source: Athens University of Economics & Business, 2009
of the airport based on:
The above results are indicative of the airport’s significant
• Direct impact (AIA, airlines, users, concessionaires, etc.) impact on the national economy, taking also into account
that the study has not measured the “catalytic” effects of
• Indirect impact (transportation means, travel agents, etc.) the airport’s economic impact, an additional factor
comprising the employment and income generated in the
• Incremental tourism effect economy by the airport’s wider role in improving business
productivity and attracting economic activities such
• Induced/Multiplier impact resulting from direct and as foreign investment and incoming tourism.
indirect impacts.
Chart 6.1
Study Methodology Framework
Indirect Impact Direct Impact Incremental
Induced Impact Tourism Impact
2.1% GDP
63,000 Jobs
The results show that the total economic impact of Athens
International Airport amounts to 2.1% of Greece’s GDP, while
in total about 63,000 jobs are created. The GDP contribution
is considered very significant and is in the upper range of
relevant studies performed for major European airports,
demonstrating a relevant contribution between 1.4% and
2.5% (York Aviation, 2004 study for ACI). Meanwhile, the
latter benchmark study estimates the average job creation
on a national level at 2,950 jobs per million passenger
throughput. The study for Athens proves that “Eleftherios
Venizelos” airport exceeds this benchmark indicator by 30%
