These numbers represent a 1.2% increase in job support and creation and a 5.8% increase in dollars contributed to the economy compared to the previous academic year. Post was not sent - check your email addresses! This represents a 1.2 percent increase in job support and creation and a 5.8 percent increase in dollars contributed to the economy from the previous academic year. Of the 5.1m total, the analysis revealed that 19.1% of students were in the US, with an estimated economic impact of US$57.3 billion. However, it warned, the future mobility of international students faces “serious threats” in sustaining the growth momentum due to lower prospects of finding work opportunities in destination countries and the overall increase in the cost of overseas education. “The United States is in an intense competition for global talent, and the unwelcoming rhetoric and policies at the highest echelons of government are reverberating and inadvertently encouraging student and scholars to study elsewhere. “A lot of times in research I have reviewed that is sometimes not factored in fully,” he said. Visit us at www.nafsa.org/press. These numbers represent a 12.4% increase in job support and creation and a 12.5% increase in dollars contributed to the economy compared to the previous academic year. China, India and South Korea were estimated to have contributed $18.3bn, $8bn and $3.6bn respectively. NASA invests in technologies and discoveries for the future, and in the process, it delivers social and economic impacts that beneit the nation today. NAFSA Executive Director and CEO Esther D. Brimmer stated the following about the new data: “The data continue to demonstrate that international students and scholars are a tremendous asset to our nation, contributing billions of dollars to our economy, thus generating hundreds of thousands of jobs in our local communities. Federal Register - Timely, authoritative reporting on exchange news and policy trends. 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Economic Value Report For "> ..Loading.. Keep Up With All Things NAFSA. ( Log Out /  Additionally, the growth rate of students choosing to study in the United States decreased since last year, while competitor countries experienced double-digit growth (Canada up 20%; Australia up 15%). In the UK, which had an 8.5% share of the world’s internationally mobile students that year, the estimated economic impact came in at US$25.5bn, with China ($5.3bn) and Malaysia ($1bn) contributing the largest amounts. “It is very important to recognise how the trickle-down effect adds to international students’ contribution”. Fax: 202-293-6144. Fewer international students are coming to the United States. | Site by Unleashed Technologies, Terms of Use | Privacy Policy | Accessibility, New NAFSA Data: International Students Contribute $39 Billion to the U.S. Economy. And this is in addition to the immeasurable academic, security and cultural value these students bring. NAFSA’s full report shows the benefits of international students in the United States, including enrollment data, economic contributions, and jobs supported. The analysis urged higher education institutions to reinvest in strategies that grow the international student body while “balancing goals of diversity and quality”, and featured the perspectives of university vice-chancellors, rectors and presidents globally on how their countries can best attract and retain international students. But for universities which want to be global and internationally engaged, university leaders are taking a stance and are becoming more proactive in doing more to support and engage international students. The survey was conducted to better understand the needs of the field and was shared with the U.S. Congress as additional economic stimulus packages and policy changes are considered. International students not only contribute economic value, they build bridges between the United States and other countries; bring global perspectives into U.S. classrooms and research labs; support U.S. innovation through science and engineering coursework, making it possible for U.S. colleges and universities to offer these courses to U.S. students; and support programming and services on campus for all students by paying out-of-state tuition, funded largely by non-U.S. sources. “[Students] are becoming even more conscious about the importance of value for money”. However, the confluence of higher costs and lower prospects of work threatens the sustainability of international student mobility. The economic impact on Australia was estimated at $19.8bn, France at $6.7bn, Germany $6.7bn and the Netherlands $5.3bn. The overall modest increases in the numbers of students studying in the United States are largely due to students remaining in the country to engage in experiential learning known as Optional Practical Training at the end of their studies, rather than as a result of new students joining our institutions. Washington, DC 20036 Source: NAFSA, Evans, WorldCity Even after graduation, however, international students and scholars continue to make significant contributions to the U.S. economy. Your email address will not be published. NAFSA’s full report shows the benefits of international students in the United States, including enrollment data, economic contributions, and jobs supported. We urge Congress to exercise thoughtful oversight and enact welcoming, inclusive policies that will allow our international ties to flourish.”. © Alliance 2010-2017 | All rights reserved. Global economic impact of int’l students estimated at $300bn. The first of its kind to look at the economic impact of international students globally rather than at a national level, the ‘Beyond $300 Billion’ analysis also used UNESCO data on the 5.1 million globally mobile degree-seeking students in 2016 to analyse trends and patterns of mobility. 1828 L Street, NW, Suite 1150 New data recently released by NAFSA: Association of International Educators indicate that the more than one million international students studying at U.S. colleges and universities during the 2017-18 academic year contributed $39 billion to the U.S. economy, while at the same time supporting more than 450,622 jobs. Speaking with The PIE News, EVP of Global Engagement and Research at Studyportals and author of the analysis Rahul Choudaha said that it is very important to factor in indirect and induced impacts because of their economic knock-on effects. of impacts. “Sustainability hinges on the ability to make sure that there is affordability and access”. Whether you are looking for the latest news or job updates or simply want to keep a finger on the pulse of the international education community, NAFSA has a number of easy ways to stay updated—all in your … Create a free website or blog at WordPress.com. New data recently released by NAFSA: Association of International Educators indicate that the more than one million international students studying at U.S. colleges and universities during the 2016-17 academic year contributed $36.9 billion to the U.S. economy, while at the same time supporting more than 450,000 jobs. And although Canada had just 3.7% of the total globally mobile students in 2016, the analysis estimated international students had an economic impact of US$11.2bn. The Collective Public Policy Voice of the Exchange Community, Press releases by the Alliance. California, New York, Massachusetts, Texas and Pennsylvania saw the largest benefits from spending by these students and their families on living expenses, tuition and fees. Please visit our membership page for more information. This year, once again 10 states, including California, New York, Massachusetts, Texas and Pennsylvania, broke the $1 billion mark in contributions from international students. Asia Careers Group is working with increasing numbers of HEIs who wish to differentiate in an ever more crowded market for International students, improve and enhance the graduate outcomes of those returning home and engage with international employers and alumni. Fall International Student Enrollment Snapshot Reports: Snapshot reports on … According to the U.S. Department of Commerce, education currently ranks as the nation’s 6th largest services export. International students pursuing tertiary education had an estimated global economic impact of $300 billion in 2016, new figures from StudyPortals have revealed. NASA’s expenditures ripple throughout the economy, supporting critical industries, creating new businesses and jobs, and attracting students to science and engineering. “At the same time, policymakers should be increasingly concerned about emerging indicators showing that the United States risks losing the long-term benefits of international student enrollment. Phone: 202-293-6141 Home » News » Global economic impact of int’l students estimated at $300bn. © Alliance 2010-2017 | All rights reserved. Change ), You are commenting using your Google account. State- and district-specific information can be accessed here. International students and scholars create jobs, drive innovation and serve as America’s best ambassadors and allies.”. Download the Financial Impact Survey Summary Brief. The analysis also looked at student mobility trends from the lens of “three waves of mobility” and highlighted that one of the defining characteristics of the “third wave” (from 2016 onwards) is anti-immigrant overtones in high-income countries. The new data released today showed that the more than one million international students studying at U.S. colleges and universities contributed $39 billion to the U.S. economy and supported more than 455,622 jobs during the 2017-2018 academic year. The economic impact on Australia was estimated at $19.8bn, France at $6.7bn, Germany $6.7bn and the Netherlands $5.3bn. Sample Tweet: Latest @NAFSA data: #IntlStudents contribute $39 billion & more than 455,000 jobs to U.S. economy www.nafsa.org/economicvalue #IEW2018. If you are a member, please login using the form on the right. Change ). For example, attracting the world’s brightest minds helps to grow the knowledge economy in the United States, and 40% of American Nobel Prizes won in chemistry, medicine, and physics since 2000 have been awarded to immigrants.