Export income from Australia’s international education services exceeded $18 billion for the first time in 2014–15, eclipsing the previous peak of $17 billion in 2009–10.
The majority of this export income is generated by the nearly half a million international students whose now choose Australia as their study destination. A national survey in 2014 found that these students chose Australia due to the reputation of its education institutions and the quality of teaching and research undertaken in those institutions.
International education is Australia’s largest services export and has surpassed natural gas to become our third largest export after iron ore and coal.
These figures confirm Australia as one of the world’s major knowledge-based economies.