Monday, December 11, 2023

International Students Contributed Over $40 Billion to US Economy in 2022/23

 


More than one million international students studying in the United States during the 2022/23 academic year contributed $40.1 billion to the American economy, according to NAFSA: Association of International Educators. 

Although it remains below the pre-pandemic record of $40.5 billion in 2018/19, this figure is an increase of $6.3 billion or 19 percent compared to 2021/22, Erudera.com reports.

The NAFSA’s report published on November 13 highlights that the number of international students at US universities and colleges has now recovered from the decline reported during the pandemic era. 

Data showed that international students have supported a total of 368,333 jobs, both within their educational institutions and in their communities. This is a significant increase of almost 10 percent compared to a year earlier and a 20 percent rise compared to the year when the COVID-19 pandemic forced the closure of America's borders.

California benefited the most from international students, with 138,393 students contributing a total of $6 billion to the state's economy and supporting over 55,000 jobs.


https://erudera.com/news/international-students-contributed-over-40-billion-to-us-economy-in-202223/

1 comment:

  1. That is an astronomical number. I knew there were many International students here in the United States but that fact that they contributed $40.1 billion dollars is unbelievable. This just shows that the US has to keep ties with other countries to continue to grow and not fall behind economically

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