Analysis conducted by economists at NAB (National Australia Bank) shows that international student spending contributed to more than half of the country’s GDP growth of 1.5 per cent last year.
The number of international students increased to more than 640,000 in the past year, surpassing the number before the pandemic.
Their spending as a group, boosted GDP growth last year by eight per cent.
Although most of the funds flow directly to higher education, sixty percent of its spending is channeled into goods and services.
Many in the higher education sector fear the international student boom is over.
Visa acceptance was tightened by the government — as part of an overhaul of migration programs.
The number of student visa approvals has fallen sharply since 2022.
Just over 90,000 were awarded in the last quarter.
Analysis conducted by economists at NAB ((National Australia Bank)) shows that international student spending contributed to more than half of the country's GDP growth of 1.5 per cent last year.
The number of international students increased to more than 640,000 in the past year, surpassing the number before the pandemic.
Their spending as a group, boosted GDP growth last year by eight per cent.
Although most of the funds flow directly to higher education, sixty percent of its spending is channeled into goods and services.
Many in the higher education sector fear the international student boom is over.
Visa acceptance was tightened by the government -- as part of an overhaul of migration programs.
The number of student visa approvals has fallen sharply since 2022.
Just over 90,000 were awarded in the last quarter.
What is Google Workspace? Google Workspace is a cloud-based productivity suite that helps teams communicate, collaborate and get things done from anywhere and on any device. It's simple to set up, use and manage, so your business can focus on what really matters.
Here are some highlights: Business email for your domain Look professional and communicate as you@yourcompany.com. Gmail's simple features help you build your brand while getting more done.
Access from any location or device Check emails, share files, edit documents, hold video meetings and more, whether you're at work, at home or on the move. You can pick up where you left off from a computer, tablet or phone.
Enterprise-level management tools Robust admin settings give you total command over users, devices, security and more.
Sign up using my link https://referworkspace.app.goo.gl/L8FP and get a 14-day trial, and message me to get an exclusive discount when you try Google Workspace for your business.
We use cookies to optimize our website and our service.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
