
With a total contribution of €247 billion to the economy
	and 3.1 million jobs, rail offers a
	of the most significant economic impacts among all media
	while maintaining the lowest transport footprint
	carbon. This is underlined by a study on the incidence of railways
	on the European economy, which was commissioned at Oxford
	Economics from the Community of European Railway and Infrastructure
	Companies (CER), the organisation to which the associations belong
	national railways in Europe.
	
	 In particular, the report highlights that in 2023 transport
	contributed €67 billion to the product
	gross domestic economy of the EU27 and that, in addition to this direct effect
	on the European economy, the transport supply chain
	has generated an additional 117 billion euros in value,
	while consumption financed by the salaries of railway employees and
	of their suppliers (induced effects) amounted to 63 billion
	euros, for a total contribution to European GDP of 247 billion euros
	euro. This is equivalent to 1.4% of total EU-27 GDP in 2014.
	2023 and exceeds Greece's 2023 GDP of 225 billion
	euro, the 16th largest economy in the EU.
	In particular, the report highlights that in 2023 transport
	contributed €67 billion to the product
	gross domestic economy of the EU27 and that, in addition to this direct effect
	on the European economy, the transport supply chain
	has generated an additional 117 billion euros in value,
	while consumption financed by the salaries of railway employees and
	of their suppliers (induced effects) amounted to 63 billion
	euros, for a total contribution to European GDP of 247 billion euros
	euro. This is equivalent to 1.4% of total EU-27 GDP in 2014.
	2023 and exceeds Greece's 2023 GDP of 225 billion
	euro, the 16th largest economy in the EU.
	
	In addition, the study explains that rail transport supports
	a total of about 3,162,000 direct jobs (888,000),
	indirect (1,496,000) and induced (778,000) and that this is equivalent to
	1.6% of total employment in the EU-27 and exceeds employment
	total in Ireland in 2023.
	
	He then underlined that, with eight billion passenger journeys
	and 378 billion tonne-kilometres of goods transported every
	year out of the EU's 201,000 kilometres of rail network, the railways
	are at the heart of the European transport system and are driving the
	ecological transition thanks to high energy efficiency and
	to near-zero emissions, the document notes that,
	Nevertheless, the modal share of passenger and freight traffic on
	rail is stagnant and it is therefore necessary to intervene
	to consolidate the significant economic strengths of the sector
	through stable investment and constructive policy measures.