In accordance with report; China, USA and India are the three leading international student markets in London and the biggest contributors with contribution of £407million, £217million and £130million respectively last year.
- As per the report by London & Partners (the Mayor of London’s official promotional company) International students studying at London universities last year provided a 3 billion pounds boost to the UK economy and helped support 37,000 jobs.
Spending of top 3 international students market in London 2013-14
Chinese students spending – 407 million pounds
Americans students spending – 217 million pounds
Indian students spending – 30 million pounds; where Indians spent 43% at 56 million pounds on tuition fees, 56% at 74 million pounds on subsistence and less than 1% on visiting friends and relatives.
Decline of Indian market
As per “Economic Impact of London’s International Students” report, Indian market has continued to decline with 11% decrease year on year. The speculated reason behind this decline is attributed to a change in post-study visa requirements.
- Whereas Chinese student numbers have moved up by 49% since 2009-10.
International student market in London
In 2013-14, London had total of 106,000 international students out of which 13,460 Chinese students, 6,440 American students and 4,790 Indian students. Italy, Germany, France, Hong Kong, Greece, Malaysia and Nigeria complete the top 10 countries of origin for international students in London.
- Students from the US were the highest contributors in per capita spending with 33,600 pounds per year on average, while per capita spending for Italian, German, French and Greek students averaging around 23,000 pounds per year.