As the economic engine at the heart of the Airport Employment Zone – Canada’s second-largest employment cluster – Toronto Pearson contributes to productivity right across the country, linking Canadian businesses with markets, commercial partners and investors worldwide. Studies show that each time we extend daily service to another international destination, it adds an estimated 400 jobs to the Canadian economy.
Toronto Pearson’s impact on employment will continue to grow over the next decade and beyond. Based on current projections, we’ve forecast the following metrics for 2030:
- 136,000 direct, indirect and induced jobs
- 131,000 jobs from spending by visitors flying into the region
- 275,000 jobs resulting from additional trade and investment made possible by the connectivity we provide
As a mega hub, Toronto Pearson not only connects Canada to the world – we connect Canadians to livelihoods and future opportunities.
Transport-related job growth
From 2007 to 2017, the proportion of national employment ascribed to the Greater Toronto Area (GTA) grew by one percentage point to 18 per cent. Over that same decade, the GTA’s share of transportation and warehousing jobs grew more substantially, from 16 per cent to 20 per cent. Toronto Pearson’s growing impact as a mega hub contributed significantly to that differential.
$23 billion in FDI
Economic studies estimate that Toronto Pearson generates or facilitates $23 billion annually in inward foreign direct investment (FDI), and $25 billion in outward FDI.