INFOGRAPHIC: Education

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

Estimated contribution by international students to Canada’s GDP in 2018 $21.6 BILLION

$147.9 MILLION The amount the federal government will commit over five years to its new international education strategy

$245 MILLION Direct tax revenue from international student spending in B.C. in 2017

$1.17 BILLION from public postsecondary international student spending

$1.2 BILLION from private postsecondary international student spending

$309 MILLION from K-12 international student spending

$1.97 BILLION Direct GDP impact of international student spending in B.C.’s Mainland-Southwest

721,205 International students studying in Canada in 2018 – the largest number ever

172,625 students from India

142,985 students from China

155,455 International students studying in B.C. in 2017

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

2,530 Jobs created in the Southern Interior

721 Jobs created in Northern B.C.

In British Columbia, international students from kindergarten to post-secondary studies generated A DIRECT GDP IMPACT OF MORE THAN $2.6 BILLION IN 2017

EXPORTING EDUCATION The following figures show the dollar value of B.C.’s exports of international education services by country and the value of those services as a percentage of B.C.’s exports in goods to a particular country

CHINA $1.47 BILLION 21% INDIA $915 MILLION 86% SOUTH KOREA $391 MILLION 13% JAPAN $210 MILLION 4% BRAZIL $178 MILLION 61%

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