• The Global Hub Economic Impact Study

    The Global Hub Economic Impact Study by leading research firm Frontier Economics captures the complete picture of the unique contribution that Toronto Pearson makes to the regional and Ontario economies. It was updated in 2016 to account for the significant passenger growth at Toronto Pearson.

    A Ground-Breaking Study

    Leading research firm Frontier Economics considered direct, indirect and induced economic impacts by focusing on traditional factors including Gross Domestic Product (GDP), jobs, employment income and taxes. It also explored how Toronto Pearson – as a global hub – powers international trade and facilitates economic growth by allowing Canadians and visitors to work together at home and abroad.

    2016 Update

    After a period of unprecedented passenger growth in the past five years, the GTAA has released findings from a 2016 study conducted by Frontier Economics quantifying the economic impact of Toronto Pearson. The report, Toronto Pearson’s Economic Impact, serves as an update to a study in 2011.

    The updated study provides, for the first time, data on how the jobs facilitated by the airport are distributed across Ontario and the Greater Toronto Area by region.

    Since 2011, Toronto Pearson’s economic impact at the national and local level has grown substantially.

    • On-going operation of Toronto Pearson generates 49,000 jobs, up from 40,000 in 2011. These include jobs like taxi-drivers, baggage handlers, flight crew and security staff.
    • Toronto Pearson’s labour force grew 2.6 times faster than the Province of Ontario’s from May 2011 to May 2016.
    • In total, Toronto Pearson generates or facilitates 332,000 jobs, which accounts for 6% of Ontario’s labour force and $42 billion (or 6.3%) of Ontario’s GDP.

    Read the full report.

    Growth: Challenges and Opportunities

    Passenger traffic at the airport has grown by greater than 6 per cent in 2014 and 2015, and Toronto Pearson is on track for similar growth results in 2016. By the mid-2030s, passengers traffic numbers are anticipated to be about 65-70 million annually; with aviation passenger demand across southern Ontario forecasted to reach 90 million annually by 2043.

    This growth brings great opportunity for our region and all of Canada. Growing the airport to serve our economy will require significant investment and support from the government. Read about how Toronto Pearson can realize its potential as the world’s next mega hub airport in Canada with a Mega Hub Airport.