International education
contributed a record $32.2 billion to the Australian economy in 2017, the latest trade
figures reveal.
Australia's strong reputation for high-quality university education and research
helped to deliver a 22 per cent lift on the $26.3 billion generated in 2016.
This is the largest annual growth since 2008.
The education of international students is Australia’s third largest export,
behind only iron ore and coal.
Universities Australia Acting Chief Executive Catriona said Australia’s
openness to the world and the outstanding quality of our university education and
research had been crucial to that growth.
“International students are drawn to Australia because they know they’ll get
a world-class education, global alumni networks, a great student experience and lifelong
friendships with our country," Ms said.
“Over the past decade, Australia's world-class universities have added chapter
after chapter to our international education success story. It’s in the interests
of all Australians that this continues. That’s why we need to keep investing in
the quality that brings students to our shores."
"The income that Australia generates from educating international students directly
supports jobs, wages and living standards across our country – but it's worth
so much more than dollars and cents."
“Australians also get the benefit of the powerful personal, cultural, diplomatic
and trade ties that are forged when students from other nations spend their formative
years here,” she said.
Figure 1: Value of education-related services exports, 2006 to
2017
The $32.2 billion
includes:
- $31.6 billion from
education-related personal travel (i.e. international student tuition fees and
living expenses);
- $29 million from
royalties on education;
- $164 million education
consultancy services;
- $12 million from
correspondence courses;
- $299 million from
education-related services through registered education institutions;
and
- $46 million in other
educational services.