The Forum > General Discussion > 'Export' Income from Foreign Students
'Export' Income from Foreign Students
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(https://www.macrobusiness.com.au/2025/07/indian-students-drain-money-from-australia/)
Spending by students is incorrectly described as exports, with students paying for goods and services in Australian dollars while living and working here.
In 2024, the outflow of remittances from Australia was more than $15 billion, tracking the “volume of international students studying (?) in Australia”.
$4.8 billion of that figure was sent to India from Australia. (World Bank et al).
Indian students top the 10 highest remitters of money out of Australia. Chinese come second. Permanent immigrants from the two countries also lend a hand at an “unprecedented” rate.
It is the recipient countries benefiting from the “driver of economic activity”.
The massive outflows of money should be deducted from the “fantastical” $51 billion of “export” income from international students touted by the ABS.
The sucking of wealth out of Australia continues. The cutting back on immigrants was just one of Albanese’s lies, and 245,890 more foreigners - permanent and long term (students) have already rocked up in the first 5 months of this year. In May, there were 1,200 more students than in the same month last year.
In the first four months of 2025, the number of foreign students recorded was, 794,113 - 24,000 more than the same period in 2024.