ICEF Monitor – Australian education exports reach AUS$18 billion in 2014/15
12 Aug 2015
Australia’s international education sector has now booked a solid two years of good news. After a few years of decline from the high water mark of 2010, the Australian industry’s fortunes began to turn in 2013. Relatively modest improvements that year gave way to double-digit growth in 2014, notably with respect to English language training and student commencements – both of which are key to longer-term, stable growth for the future.
And now preliminary figures from the Australian Bureau of Statistics (ABS) show that international education exports reached a record-high of AUS$18.1 billion (US$13.14 billion) for the 2014/15 fiscal year. This represents a 14.2% increase on the AUS$15.9 billion recorded for the previous year, and secures the sector’s position as Australia’s fourth-largest export industry, after iron ore, coal, and natural gas. It is also the country’s leading services export sector, surpassing even Australia’s noted tourism industry by several billion dollars.
“Read the full article on ICEF Monitor” – Source: http://monitor.icef.com/2015/08/australian-education-exports-reach-aus18-billion-in-201415/