BIV MAGAZINE
18 | BIV MAGAZINE: THE EDUCATION ISSUE 2020 PUBLISHED BY BUSINESS IN VANCOUVER
ECONOMICS OF EDUCATION Education is a multibillion-dollar industry that pays excellent economic dividends. This becomes evident when tallying up the direct impact international students have on the communities in which they live and study. This month’s infographic reveals just how far international student dollars can go and what that means for B.C.’s economy.
INTERNATIONAL IMPACT
$21.6 BILLION Estimated contribution by international students to Canada’s GDP in 2018
$147.9 MILLION The amount the federal government will commit over five years to its new international education strategy
$1.17 BILLION
$1.97 BILLION
from public postsecondary international student spending
Direct GDP impact of international student spending in B.C.’s Mainland-Southwest
$1.2 BILLION from private postsecondary international student spending
$309 MILLION from K-12 international student spending
721,205 International students studying in Canada in 2018 – the largest number ever
172,625
155,455 International students studying in B.C. in 2017
35,539 Jobs created directly from international student spending in B.C. in 2017
26,213 Jobs created in B.C.’s Mainland-Southwest region
students from India
142,985
2,530
students from China
Jobs created in the Southern Interior
155,455
721
International students studying in B.C. in 2017
Jobs created in Northern B.C.
$245 MILLION Direct tax revenue from international student spending in B.C. in 2017
BIV_Education 2020_40.indd 18
In British Columbia, international students from kindergarten to post-secondary studies generated
A DIRECT GDP IMPACT OF MORE THAN $2.6 BILLION IN 2017
2020-02-05 2:34 PM
