6 Summary of Economic Impact Results

Ongoing Economic Impacts

Ongoing operations at YWG support a total of 17,120 FTEs or person years of employment and $990 million of wages in Manitoba, when multiplier impacts are included. Of this employment, 10,020 FTEs or person years of employment are directly related to the airport. Because employment related to the airport extends far beyond YWG, the total also includes both indirect (approximately 4,370 FTEs) and induced (2,730 FTEs) employment.

Direct person years or FTEs of employment from ongoing operations at YWG (i.e. WAA plus airport tenants and directly related offsite firms) grew by 5%, from about 9,550 to 10,020 between 2016 and 2019.

YWG contributes to the provincial economy as well. The significance of the airport is demonstrated by the direct economic impact of the airport on GDP and economic output in the Province of Manitoba, measured at $1,260 million and $2,920 million, respectively. Including indirect and induced impacts, the total impacts are approximately $2,060 million and $4,320 million, respectively, province wide. Figure 6-1 summarizes these 2019 economic impacts in total.

Figure 6‑1: Annual Total Ongoing Economic Impact of YWG in Manitoba, 2019

  

Impact

Employment

 

Wages

GDP

Output

 

FTEs

Jobs

($ Millions)

($ Millions)

($ Millions)

Direct

10,020

10,830

$580

$1,260

$2,920

Indirect

4,370

4,720

$280

$460

$890

Induced

2,730

2,950

$130

$340

$510

Total

17,120

18,500

$990

$2,060

$4,320

Note: Totals may not sum due to rounding.

   

Note: Dollar figures are expressed in 2019 prices.

   

Annual Tax Contribution

YWG is also an important generator of taxation revenues to all levels of government. Total taxes paid on an annual basis by the airport, its directly related employers, and their employees are estimated at roughly $288 million per year. The majority of taxes collected accrue to the federal and provincial governments at 70% and 27%, respectively. The municipal government also benefits from YWG, such as through the collection of property taxes amounting to nearly $8 million, as shown in Figure 6-2 .

Figure 6‑2: Annual Estimated Tax Revenues of YWG, 2019

Note: Taxation impacts are based on 2019 tax rates.