The latest figures show that education generated almost £20bn for the UK in 2016 through exports such as international students, independent schools and English language training.
29th January 2019
Britain’s education sector remains one of its most lucrative international assets with new figures revealing that its exports overseas generate almost £20bn for the UK economy.
The figures, which include income from international students and English language training overseas, are growing year-on-year to an estimated £19.9bn in 2016 and an increase of 26% since 2010 – generating significant revenue for the UK, alongside other well-known exports such as automobiles, advertising and insurance.
International exports adding a significant contribution to the economy include:
- Higher education - £13.4bn
- Transnational education (TNE) - £1.9bn
- Education products and services - £1.9bn
- English Language Training Courses - £1.6bn
- Independent schools - £0.9bn
Education Secretary Damian Hinds said:
“International university students constitute an important earnings source for our universities but they are also an important part of Britain’s cultural influence in the world. As well as this, there are big growth opportunities in areas like education technology, services and satellite or partner campuses”
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