International students boost UK economy by £41.9 billion
Posted date: 25 May 2023
New data reveals that the intake of international students in the 2021/22 academic year contributed a huge £41.9 billion to the UK economy.
New figures show economic benefit of international students rose from £31.3bn to £41.9bn between 2018/19 and 2021/22
International students in Glasgow, London, Sheffield, Nottingham and Newcastle are among those to deliver the greatest financial contributions
On average, each of the 650 parliamentary constituencies in the UK is £58m (per constituency) better off because of international students – equivalent to approximately £560 per citizen
Even when accounting for dependants and other costs international students are a huge net contributor to the UK economy
Every 11 non-EU students generates £1m worth of net economic impact for the UK economy
Today’s report, The costs and benefits of international higher education students to the UK, published by Universities UK International (UUKi), the Higher Education Policy Institute (HEPI) and Kaplan International Pathways in collaboration with London Economics, reveals the growing importance of international students to local economies throughout the UK.
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