In 2021, the total revenue generated from education-related exports and transnational education (TNE) activity in the UK amounted to £27.90 billion, marking a significant increase of 6.23% compared to the previous year, as reported in current prices. This growth trend has been consistent over the past decade, with estimated revenue from these sectors rising by 75.72% since 2010.
Breaking down the figures, education-related exports contributed £25.50 billion to the total revenue in 2021, experiencing a substantial increase of 72.23% in current prices since 2010. This demonstrates the robust growth and importance of the UK’s education exports on the global stage.
College Students (Credits: The Guardian)
Also, UK TNE activity accounted for £2.4 billion of the total revenue in 2021, representing a remarkable growth rate of 123.90% in current prices since 2010, albeit from a lower initial base. This underscores the increasing popularity and demand for transnational education provided by UK institutions worldwide.
The expansion in both education-related exports and TNE activity highlights the UK’s strong position as a global leader in the education sector.
This growth not only contributes to the country’s economic prosperity but also reflects the high quality and reputation of British education institutions internationally.
The continued growth in revenue from education-related exports and TNE activity underscores the importance of the education sector to the UK economy and its role in driving economic growth and international collaboration.
