Slovakia leads the European Air Transport Production Index with a value of 47.97, experiencing a notable increase at 32.72% in 2023. Hungary, Latvia, and Bulgaria also saw growth, with Hungary notably surging by 9.97%. Conversely, major economies like Germany and France faced declines, with negative growth rates of -6.02% and -2.00%, respectively. Over five years, the Compound Annual Growth Rate (CAGR) suggests varying performances, with Slovakia showing significant strength. The overarching trend indicates that Eastern European countries are driving growth, while traditional Western markets are in decline.
Future trends to watch include:
- The potential for Eastern Europe to continue its upward trajectory.
- Western Europe's efforts to reverse declining trends through innovation and investment.
- The impact of economic and geopolitical changes on the European air transport sector.
- Technological advancements that may alter production processes and efficiencies across countries.
Top countries in Air Transport Production Index by Country
# | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Slovakia | 479.7 | 2022 | +66.56% | +32.72% | View data |
2 | 2 Hungary | 226.4 | 2022 | +86.49% | +9.97% | View data |
3 | 3 Latvia | 223 | 2022 | +128.48% | +4.04% | View data |
4 | 4 Bulgaria | 126.9 | 2022 | +102.07% | +3.61% | View data |
5 | 5 Germany | 95.7 | 2022 | +44.56% | -6.02% | View data |
6 | 6 Romania | 92.1 | 2022 | +38.7% | -4.48% | View data |
7 | 7 France | 91.4 | 2022 | +43.04% | -2% | View data |
8 | 8 Lithuania | 88.5 | 2022 | +72.51% | -14.36% | View data |
9 | 9 Czech Republic | 80.6 | 2022 | +86.57% | -8.99% | View data |
10 | 10 Sweden | 68.4 | 2022 | +96.55% | -7.9% | View data |