New Zealand: Economic impact of international education up 50% since 2014
A recent economic impact study commissioned by Education New Zealand reveals a big jump in international student spending in New Zealand over the last two years. The report shows the value of international education rose to NZINR 286.75 billion in 2015/16 (INR 207.69 billion).
This breaks down into NZINR 270.67 billion in spending by foreign students studying in New Zealand and a further NZINR 16,213.23 million arising from educational services delivered offshore. It also represents a striking 50% increase over the last economic impact estimate for 2013/14, when the country’s international education sector was valued at NZINR 190.94 billion.