Global Affairs Canada - Roslyn Kunin & Associates, Inc. - July 2016
Existing literature clearly indicates that there is positive value associated with international students coming and studying in Canada. Roslyn Kunin and Associates (RKA) was commissioned by the Department of Foreign Affairs, Trade and Development Canada (currently Global Affairs Canada) to conduct this study to assess the economic impact of international students studying in Canada in 2014 on the Canadian economy. The current study updates the 2012 study of the same purpose with more recent data and an improved estimation approach.
The economic benefit of international students studying in Canada is substantial. We estimate that in 2014, international students in Canada spent around $11.4 billion on tuition, accommodation, and discretionary spending.
The results of the study are summarized below.
Key results of the study are summarized in the following tables.
|All Students||Total Annual Spending($millions)|
|Newfoundland and Labrador||2,261||$48.2|
|Prince Edward Island||1,356||$37.5|
|Output||GDP at basic price||Labour Income||Employment (jobs)|
|Newfoundland and Labrador||$71.1||$43.5||$22.3||511|
|Prince Edward Island||$44.4||$26.4||$15.8||389|
|Direct||Direct and Indirect||Direct, indirect & Induced|
|Jobs - FTE||74,500||104,100||129,400|
|Jobs (incl. f/t, p/t, temporary)||89,900||122,700||152,700|
|14% Lower Expenditure||Base Case||10% Higher Expenditure|
|Jobs (incl. f/t, p/t, temporary)||106,000||122,700||134,950|
|Total Annual Spending – All International Students||$11.372 billion||Students from Top Ten Source Countries||$8.429 billion|
|Canada’s Export in Services||$95.744 billion||To Top Ten Source Countries||$62.652 billion|
|International Student Spending as % of All Export in Services||11%||Students from Top Ten Source Countries||13%|
|Canada’s Export in Merchandise||$525.0 billion||To Top Ten Source Countries||$453.424 billion|
|International Student Spending as % of All Export in Merchandise||2.2%||Students from Top Ten Source Countries||1.9%|
View/download the complete report “Economic Impact of International Education in Canada - 2016 Update”
 It is noted that Statistics Canada reports that the export value of Canada’s education related travel services was $4.971 billion in 2014. The analysis in this report builds on this number by exploring and adding other areas of export revenues, such as inclusion of K-12 students and Languages Canada short term students.
 Total number of students includes 330,706 “long-term” and 107,451 “short-term” students. It is noted that total number of long-term students reported here does not correspond to the figure reported in IRCC’s website pertaining to the number of international students with a valid permit on December 31st, 2014 (336,000), as we have made a number of adjustments to arrive at these values.