In 2023, Gross Domestic Capital Formation in Air Transport in the Philippines stood at 87.15 billion Philippine Pesos, constant at 2018 prices. Moving into the forecasted data from 2024 to 2028, there is a consistent upward trend. The values are projected to increase from 89.65 billion pesos in 2024 to 99.63 billion pesos by 2028.
Year-on-year variations are as follows:
- 2024-2025: +2.9%
- 2025-2026: +2.7%
- 2026-2027: +2.6%
- 2027-2028: +2.5%
Looking at the compound annual growth rate (CAGR) over the five-year forecast period (2024-2028), the average annual increase is approximately 2.7%.
Future trends to watch for include potential impacts of global economic conditions, technological advancements in air transport, shifts in tourism demand, and evolving government policies that may affect capital formation in the air transport sector. Monitoring these factors will be crucial for understanding any deviations or accelerations in the projected growth pattern.
