In 2023, the Gross Domestic Capital Formation (GDCF) in Air Transport in the Philippines stood at 90.1 billion Philippine Pesos. The forecasted data from 2024 to 2028 indicates a steady growth trend. Year-on-year variations reveal a 3.00% increase from 2024 to 2025, a 2.86% jump from 2025 to 2026, a 2.72% rise from 2026 to 2027, and a 2.60% increase from 2027 to 2028. This gives a compound annual growth rate (CAGR) of approximately 2.79% over the five-year period.
Future trends to watch for include:
- Technological advancements in air transport infrastructure.
- Increasing demand for air travel driven by economic growth.
- Potential regulatory changes impacting investment levels.
- Developments in sustainable aviation impacting capital formation.
