Smaller regions are reaping benefits of international education
For the first time, the value of international education has been measured in eight regions around New Zealand in a series of reports authored by Infometrics Chief Economist Adolf Stroombergen and the National Research Bureau (NRB) for Education New Zealand.
In this article, I examine the regional impact of international education on two close, but very different areas in the Otago region; Dunedin City with its vibrant student presence and world class University, and Queenstown-Lakes District, the ‘Adventure Capital of New Zealand’. I then l look to the future to see how regional economies can leverage potential growth in the industry.
Who benefits from international students?
International education is the fourth-largest earner of international export revenue for New Zealand, generating more than $4.0 billion in 2015/16. However, the value of foreign students extends beyond the main centres of Auckland, Christchurch, and Wellington.
Smaller regions and districts around New Zealand are also reaping the benefits of having international students and this is having a considerable impact on their local economies.