International education contributes $50 million to Taranaki’s economy

A report released by Education Minister Chris Hipkins has found that international education contributes $50 million annually to Taranaki’s economy, and makes a huge contribution to the region’s connectedness and the skills development of our children.

“In the 2017-2018 year Taranaki’s schools and tertiary education providers hosted 641 students, from 50 nationalities,” says Rachael Berndt, Venture Taranaki’s International Education advisor.

“The biggest numbers of students have come from India (255) and China (113) while Japan, Vietnam and Germany were also strong with around 30 students each.”

Taranaki’s international students from China increased 13 percent from 100 in 2015 to 113 in 2017.

“Since 2015 Taranaki has partnered with Hawkes Bay, Manawatu and Whanganui to attract Chinese students to discover regional New Zealand, and that partnership is paying off.”

While the bulk of the economic value comes from living and tuition costs - $47 million in the last financial year - the value of student tourism into Taranaki is now also being measured, contributing $3 million over the last year. Nationwide, each international student contributes an average of $39,290.

“Success in this sector is about much more than the numbers of students and economic value,” says Rachael.

“By welcoming international students into our communities, we’re able to build a legion of advocates for Taranaki and New Zealand, help give our students access and insight into different cultures, and build future generations of global citizens.”

Over the past year, the International Education Taranaki consortium, which comprises eight of the region’s schools and two tertiary education providers, has undertaken marketing and trade activity in a number of offshore markets, as well as onshore promotions to help ensure hosted students have a positive experience in our region.

View the Education New Zealand Infographic for Taranaki here