It is worth mentioning that internationals are essential to the Canada economy, providing $31 billion each year. This commits about 1. According to the current government’s report on the economic implications of international education in Canada for 2022, this amounted to 2% of the country’s gross domestic product.
Claims regarding monitoring contributions and economic effects
In its estimation, international students spent approximately $37 billion in the United States. A total of $3 billion during 2022 on tuition, accommodation, and discretionary items should be paid to educational institutions, even after taking into consideration Canadian scholarships and bursaries. This high level of spending funded approximately 246,310 jobs all across Canada and remunerated $7. Some claimed that it would contribute about $4 billion in tax revenue. These results, revealed by Roslyn Kunin and Associates, showcase the key benefits of attracting international students to the Canadian economy.
International and Offshore Students’ Enrollments
According to the statistics, the number of international students in Canada increased by 61 percent between 2016 and 2022. It has risen from 523,971 in 2016 to 844,444 in 2022. The surge in long-term students in Canada was witnessed at this time and recorded a slight decline during the COVID-19 period. The fact that the enrolment of international students keeps on rising is a clear indication of Canada’s growing appeal to students from other countries.
Canada: The most preferred destinations for international students
According to the data collected in 2022, Ontario remained the top province of destination for international students, of which there were 432,272 in total, which was 51.1% of the total international students in Canada. Following this, British Columbia enrolled 186,886 students, accounting for 22% of the total count. With a small number of international students of 4,491, Prince Edward Island was at the top with regard to the annual percentage change in study permit holders, rising by more than 1,800 percent between 2000 and 2022. On the other hand, Nunavut and the northwestern territories were the most unpopular, attracting five and 35 students, respectively.
Key Factors Driving Growth
It is important to note that India is the largest source country for international students in Canada, with 319,130 study permit holders in 2022, up 47% from the prior year. Ranking third was the Philippines, with a 112 percent increase and 32,455 study permit holders. Other significant countries were Hong Kong SAR of China (increased 73%), Nigeria (increased 60%), and Colombia (increased 54%).
However, policies that were set lately may affect these statistics, like the study permit cap that was implemented in March 2024. Similarly, and although limited, available information points to the fact that African students are more likely to be rejected visas compared to their counterparts in other parts of the world, information that could be used to predict future trends.
Conclusion
It cannot be disputed that international students have a great impact on enhancing the economic returns of Canada. The amount they spend provides employment for employees, pays taxes to the government, and forms part of the nation’s gross domestic product. As the number of international students in Canada increases, the potential for continued growth in the education sector and Canada economy is favorable.
