How big is the education industry in Australia?
Education and Training in Australia – Market Size 2007–2028
Table of Contents
How big is the education industry in Australia?
Education and Training in Australia – Market Size 2007–2028
| $135.5bn | Education and Training in Australia Market Size in 2022 |
|---|---|
| 1.3% | Education and Training in Australia Market Size Growth in 2022 |
| 0.4% | Education and Training in Australia Annualized Market Size Growth 2017–2022 |
What is the education market size?
NEW YORK, Feb. 9, 2022 /PRNewswire/ — As per the findings of Zion Market Research study, U.S. Education industry garnered revenue of about US$ 1.1 trillion in 2020 and is set to earn revenue of nearly US$ 2.3 trillion by 2028. Moreover, U.S. Education Market is prognosis to record CAGR of nearly 4.5% in 2021-2028.
How much is the education industry worth in Australia?
The world-class Australian education sector is widely considered a vital resource to Australian society and has also become a $20 billion export industry that attracts international students from far and wide.
How much does Australia make from education?
37.6 billion Australian dollars
From 2013 to 2019 the export income generated from international students studying in Australia rose steadily each year, to a total of 37.6 billion Australian dollars in 2019. Chinese students made up the largest group of international students in this year.
Is the education industry growing?
The market size of the Educational Services industry is expected to increase 6% in 2022. Has the Educational Services industry in the US grown or declined over the past 5 years? The market size of the Educational Services industry in the US has declined 0.2% per year on average between 2017 and 2022.
What industry is education under?
the Educational Services sector
About the Educational Services sector The Educational Services sector comprises establishments that provide instruction and training in a wide variety of subjects. This instruction and training is provided by specialized establishments, such as schools, colleges, universities, and training centers.
Is education a big business?
When you see that Americans spend more than $1.1 trillion on education—that’s 7.8 percent of GDP—it’s tempting to call education “big business.” Except that it’s not really: 80 percent of that spending is controlled by government and spent on public schools and universities.
How is education an export?
Education-related personal travel is Australia’s 3rd largest export after iron ore ($62.8 billion) and coal ($54.3 billion). It is the largest services export (34.3% of total services exports), ahead of other personal travel services ($21.6 billion); and professional and management consulting services ($4.8 billion).
Is education Australia’s largest export?
Even in the midst of COVID, international education is Australia’s fourth largest export, and Victoria’s largest. To have built such a successful export industry in a few decades should be cause for celebration—and yet too often this success is viewed with suspicion, if not outright hostility.
Is education Australia’s biggest export?
Is the education industry growing or shrinking?
Has the Educational Services industry in the US grown or declined over the past 5 years? The market size of the Educational Services industry in the US has declined 0.2% per year on average between 2017 and 2022.