30 September 2013 at 9:00 am
International education a $2.6 billion dollar industry
A new valuation by Infometrics shows that the international education industry contributes $2.6 billion to New Zealand’s economy annually.
Infometrics valued the economic contribution of international students to New Zealand at $2.5 billion and the sale and delivery of New Zealand’s education services and products offshore at $104 million.
Education New Zealand (ENZ) Chief Executive, Grant McPherson, says while the report presents a comprehensive picture of international education’s economic contribution, its immense social and cultural benefits shouldn’t be forgotten when considering value.
“As well as its economic benefits, international education strengthens New Zealand’s global connections. It helps tomorrow’s business partners, investors, politicians and leaders – both from New Zealand and overseas – to form enduring connections and build greater cultural understanding.”
Visit the Research webpage for a copy of the report and an infographic of key findings.
