The Economic Contribution of the MWAA Executive Summary | Page 7

Key take-aways of the study include:
‒ ‒ If the $23.6 billion of output stimulated by the Airports Authority were embodied as a single
publicly traded company, it would rank No. 123 on the 2017’s Fortune 500.
‒ ‒ GDP is generally considered the broadest measure of the size and health of a local economy. The
Airports Authority's contribution to regional GDP is nearly $14.4 billion.
‒ ‒ The $14.4 billion in GDP stimulated by the Airports Authority is equivalent to $39.4 million
per day.
‒ ‒ The 187,200 jobs supported by the Airports Authority is equivalent to the sixth-largest
city in Virginia.
‒ ‒ The total number of jobs supported by the Airports Authority is more than enough to
simultaneously fill FedEx Field, Nationals Park, the U.S. Naval Academy's Navy-Marine Corps
Memorial Stadium, and DC United’s Audi Field combined.
‒ ‒ The Airports Authority had 1,883 direct employees in 2017. This means that, for every single
Airports Authority job, another 100 jobs were supported across the region: 66 in Virginia, 15
in Maryland, and 19 in Washington, DC. Functionally, 70 of these jobs were driven by visitor
spending, 24 by companies doing business at the airports, and 6 by the Airports Authority's
local spending.
‒ ‒ The Airports Authority helped stimulate over $1.1 billion in state and local taxes during 2017.
This translates to a daily rate of $3.0 million in revenues that flowed to local tax authorities.
‒ ‒ According to the National Education Association, the annual expenditures per pupil in Virginia,
Maryland, and Washington, DC are $11,141, $14,774, and $25,025, respectively. This means the
$1.1 billion in state and local taxes generated by the Airports Authority could educate more than
87,000 students across the region for one year.