Our $13.7 Billion Educataion Exports

TUESDAY 7 OCTOBER 2008

OUR $13.7 BILLION EDUCATION EXPORTS CAN BEAT GLOBAL RECESSION – IDP CHIEF

Australian International Education Conference 7-10 October 2008        

 

Australia’s third largest export industry – $13.7 billion in international education – can survive a global recession, said Anthony Pollock, chief executive of IDP Education, Australia’s leading recruiter of international students.

 

“The evidence is clear. The last thing overseas parents will give up, no matter how difficult things become for them, is the education of their children,” Mr Pollock told 1200 delegates at the welcome event of the Australian International Education Conference in Brisbane tonight (Tuesday 7 October).

 

“Our analysis of performance of international education in Australia in the past three decades shows a steady growth line – it has survived global recessions, the Asian economic crisis, oil and currency shocks, major international security incidents such as 9/11, plus SARS, Avian Flu and other health scares.

 

“We can afford to be confident that even against the current turmoil, international education will go on delivering economic and social benefits for Australia as it has been doing since the 1950s.”

 

Education of foreign students began in Australia with the Colombo Plan in 1950 and is now a full-blown industry, positioned behind only coal and iron ore in export value. Education is Australia’s number one knowledge export and has moved further ahead of tourism, our other main services export.

 

The Australian Bureau of Statistics reported that education exports grew by a massive 23.4% in the past year to $13.7 billion for 2007-08.

 

“Last year’s strong growth underlines yet again that international education makes a major contribution to Australia’s economic prosperity,” Mr Pollock told delegates. “We believe that will continue to be the case.”

 

The AIEC conference is the largest of its type in the Asia-Pacific region.

More than 185 speakers will present at 91 sessions at the conference, starting with major research findings at 10.30am Wednesday.


THE EVENT

 

What:               22nd Australian International Education Conference (AIEC)

Where:            Brisbane Convention and Exhibition Centre

When: 7-10 October 2008

Theme:            Global Citizens, Global Impact

Web:                http://www.aiec.idp.com/

 

INTERVIEWS AND MEDIA BRIEFINGS

 

Tim Dodd 0407 440 160 / +61 407 440 160 or tim.dodd@idp.com

 

 

ABOUT INTERNATIONAL EDUCATION IN AUSTRALIA

 

  • Education is Australia’s top services export and third largest export overall after coal and iron ore.

 

  • Education moved ahead of tourism in export value for the first time in the 2007 calendar year.

 

 

Export revenue from education and tourism

 

                        Yr to Jun 07    Yr to Dec 07    Yr to Jun 08

Education        $11.1 billion     $12.2 billion     $13.7 billion

Tourism           $11.5 billion     $11.8 billion     $12.0 billion

 

Source: International Trade in Goods and Services 5368.0,

Australian Bureau of Statistics

 


  • 474,389 international students have enrolled to study in Australia during 2008 (up to August) according to the Federal Government agency, Australian Education International

ABOUT IDP EDUCATION PTY LTD

 

  • IDP Education jointly hosts the Australian International Education Conference in conjunction with the International Education Association of Australia

  • IDP Education is the largest placement service for international students enrolling in Australian educational institutions with over 75 student offices in 29 countries

  • IDP Education jointly owns the world’s leading English language proficiency test, IELTS, with the British Council and Cambridge University

  • IDP Education is jointly owned by Australian universities and SEEK Ltd, Australia’s leading online employment and training company.
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