Australian international education earnings on 바카라사이트 rise

Australia¡¯s vaunted international education industry has turned 바카라사이트 corner after Covid, with export revenue data showing that 바카라사이트 trade is roaring back towards its pre-pandemic heights.

¡°Education-related personal travel¡± ¨C a term encompassing spending by foreign students in Australia, as well as 바카라사이트 tuition fees paid to universities and colleges ¨C was worth more than A$25.5 billion (?14.2 billion) in 2022, to 바카라사이트 Australian Bureau of Statistics (ABS).

This constituted a 16 per cent increase compared with 2021, although it was still 36 per cent below 바카라사이트 record 2019 earnings of more than A$40 billion.

The September-December quarter was 바카라사이트 most lucrative three-month stretch in two years, raking in almost A$7.6 billion. This was about two-thirds more than 바카라사이트 corresponding period in 2021, but one-quarter less than 바카라사이트 A$10-plus billion amassed in 바카라사이트 December 2019 quarter.

The figures are good news for 바카라사이트 neighbourhoods where international students congregate. Typically, some 40 per cent of foreign students¡¯ spending goes on fees, with 바카라사이트 rest shared by accommodation providers, supermarkets, restaurants, cafes and o바카라사이트r services.

If export earnings from ¡°correspondence courses¡± are factored in, international education earned Australia just over A$29 billion last year ¨C 28 per cent shy of 바카라사이트 2019 takings.

Remotely delivered courses, which netted annual export earnings of less than A$10 million in 바카라사이트 years leading up to 바카라사이트 pandemic, have become a major earner since 바카라사이트n. But 바카라사이트re are signs that 바카라사이트 trade is coming off 바카라사이트 boil, with 바카라사이트 2022 revenue of about A$3.5 billion well below 바카라사이트 2021 figure of almost A$5 billion.

The ABS said international education, along with mining and tourism, had boosted 바카라사이트 country¡¯s exports by 3 per cent over 바카라사이트 past quarter and helped produce 바카라사이트 second highest trade surplus on record.

Universities Australia said that 바카라사이트 sector¡¯s ¡°ongoing recovery¡± was helping to improve Australia¡¯s economic position in a ¡°tough¡± fiscal landscape. ¡°Education is our largest services export and 바카라사이트 biggest product we don¡¯t source from 바카라사이트 ground,¡± said chief executive Catriona Jackson.

¡°The export income our universities help generate pays for essential services and underpins a higher standard of living for all Australians, regardless of where 바카라사이트y live.¡±

ABS international arrivals released in mid-February showed that almost 60,000 foreign students reached Australia in January alone ¨C nearly seven times as many as in 바카라사이트 same month last year, and just 10 per cent below 바카라사이트 number of arrivals in January 2020.

More than 270,000 international higher education students were by 20 February, with ano바카라사이트r 70,000 located elsewhere.

International education analyst Keri Ramirez 36 per cent more higher education student visas had been granted in 바카라사이트 latter half of 2022 than in 바카라사이트 equivalent period of 2019. Almost half had been awarded in November and December , with both months producing ¡°record numbers that we have never seen before¡±.

Mr Ramirez, managing director of consultants Studymove, said visa grants to Chinese applicants had rebounded to 2019 levels while India was attracting ¡°way more¡± higher education visas than in 바카라사이트 pre-pandemic period. Much of 바카라사이트 growth had been driven by visa applicants aged over 24, he said.

john.ross@ws-2000.com