Daily Archives: March 28, 2017

The Economic Values Of International Education In New Zealand

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According to a recent research, international students in New Zealand are pumping in millions of dollars to the international education sector. It has also generated hundreds of job opportunities in regions all over the country. For New Zealand, the total economic value of international education has surpassed NZ$4 billion (US$2.82 billion).

The 2015-2016 report was commissioned by Education New Zealand to cover 8 regions that include Northland, Bay of Plenty (including Tauranga and Rotorua) Taranaki, Manawatu-Whanganui, Hawke’s Bay, Nelson Marlborough, Otago (including Dunedin and Queenstown) and Southland.

Of the 8 regions that were included in the study, Otago had the highest regional foreign exchange earnings at NZ$174 million. From the total earnings, NZ$136 was generated by Dunedin. The average spend of an international student is estimated at NZ$33,100. The figures reflect the importance of attracting international students to Dunedin.

According to Director John Christie of Enterprise Dunedin during an interview with Otago Daily Times, the figures revealed in the research reinforces the work invested in schools, the polytechnic and university in order to put Dunedin in a position as premier international study destination through Study Dunedin.

The second highest contribution to the international education sector comes from the region of Bay of Plenty at NZ$118 million. The average spend of international students in the Bay of Plenty is NZ$28,500 per student. Apart from their monetary contributions, international students also diversify the region.

When foreign students study in the universities, they contribute towards having a diverse population, making students global citizens. International students make people aware of global cultures and practices and helps broaden the minds of students towards survival in a global environment.

The largest group of foreign students are the Chinese (26% of the total) followed closely by India and Japan. These 3 countries generate the most contributions among all the source countries.

At the international school in Thailand, an interfaith, inclusive and academically rigorous education is provided to students to become balanced, successful and compassionate individuals. The international school has gained a reputation globally for nurturing intellectual development, moral character and physical wellbeing to shape their lives as leaders of the future.