Alan Olsen from Strategy, Policy, and Research in Education (SPRE) has crunched recent ABS data.
The former AUIDF stats man says, “The value of Education as an Export for Australia jumped 21% to $26.6 billion in 2022, from ABS data released in June.” Further evidence of the sector’s impact on the economy and the jobs it helps creates.
“Education as an Export is still down from the pre-pandemic record $40 billion in 2019, but back up to the 2016 figure $25.8 billion.”
“Education in calendar 2022 was Australia’s fourth biggest export, behind Coal, Iron Ore, Natural Gas, more valuable than Gold” says Olsen. The Koala particularly likes this little nugget.
It also isn’t lost on the Koala that International Education is 3.8 times larger than Tourism, which moves to $7.013b from $0.412b in 21.
The below graph tells the story:
