The air transport gross value added (GVA) growth rate in the Philippines is projected to decline steadily from 5.97% in 2024 to 4.02% by 2028. In 2023, the GVA growth rate stood at 6.50%. Year-on-year variations indicate a gradual decrease of 0.50% from 2024 to 2025, followed by a 0.49% drop in 2026, 0.49% in 2027, and 0.47% in 2028. The average annual decline (CAGR) over the five-year period is approximately 0.49%. The trend demonstrates a consistent, though moderate, decline in growth.
Future trends to watch for include:
• Increasing fuel costs, which could further impact airline profitability and GVA growth.
• Technological advancements and modernization in air transport infrastructure.
• Shifts in tourism and business travel patterns post-pandemic.
