After a drastic revision of the Australian Bureau of Statistics data on international education, the new figures suggest that education, Australia’s third largest export, is worth far more than what the previous numbers suggested.
The annual education exports in 2016-17 have now been pushed up to $28 billion from $23.6 billion – a number that was already a record. This is a 19 per cent increase in value.
Recent Immigration Department figures suggest that the number of international students in Australia is also booming with a record number of 685,000 students enrolled in courses in the first half of 2017. This is 15 per cent more than the previous year.