Impact from International air service liberalization, Economic benefits to Mongolia
12:45 PM
Liberalization is also projected
to generate significant economic benefits for Mongolia including:
A total of 117,000 additional
international visitors per annum are projected as a result of liberalization,
representing a 21% increase over 2010 visitor levels. These visitors are
estimated to spend a total of US$94 Million (MNT 123.1 Billion) in the
Mongolian economy.
Air service liberalization is
projected to generate 21,540 full-time jobs in the aviation, tourism and other
sectors of the Mongolia economy. This represents an increase of approximately
2.1% in total employment in Mongolia.
An additional US$ 189.9 Million
(MNT 253Billion) in Gross Domestic Product (GDP) per annum. This equates to an
increase of 2.5% in national GDP.
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