Fri 3 Nov 2017

Student Value underlined

International students pumped $12.4 million into the Taranaki economy in the year to June 2016, latest figures released this week show.

The Taranaki Trends Summer 2017-2018 report is on the Venture Taranaki website.

It looks specifically at the impact of overseas students enrolling at Taranaki schools and tertiary institutes.

The report estimated Taranaki's foreign exchange earnings in 2015-16 at $20 million and said the average spend for each student was $31,600, of which $21,700 was spent on accommodations.

The report was based on a total of 542 international students – 491 enrolled in tertiary education, including 192 at WITT, and 51 in Taranaki secondary schools.

It says the estimated number of overseas students now studying Taranaki has climbed by almost 100 since the survey.

Tertiary students came predominantly from India, China and South Korea, school students from Japan, China and Thailand.

Taranaki is a popular destination for international students.

Results of a biennial survey released last month showed overall satisfaction amongst international students studying at WITT was 92%, compared to 89% nationally.

The polytech recorded a 91 per cent satisfaction rate in 2015.

Some of the other figures from the report…

411,661 passengers went through New Plymouth Airport in 2016.

4 sheep and 5.1 cows are in the province to every person.

A total of $332 million worth of building consents were issued in the year to June 2017, up 12.8%

Our unemployment rate at the end of June was 5%, (4.8% 12 months earlier) and the national rate is 4.6%

423 is the difference between births (1389) and deaths (966) recorded in the year to June 2017 in Taranaki.

Taranaki experienced a net gain of 503 residents through international arrivals and departures – and South Taranaki's gain of 375 was a 15-year-high.

Taranaki people love to come home…. 49% of those arrivals were New Zealand citizens – the average equivalent figures for the rest of the country is 24.5%

At the last count in February 2016 50,700 people worked in 15,177 Taranaki businesses.

With almost 9000 employees, Manufacturing is far and away the biggest employment category followed by Healthcare/social assistance, Retail and construction.

The Stratford district recorded a whopping 58% rise in the value of building consents to the year ended June 2017

In the first six months of June 2017 $587.1 million was spent at retail merchants in Taranaki.

Guest nights rose 3.3% to 626,757, international guest nights rose 20.1% to 106,872.

Commercial and non-commercial accommodation guest nights to June 2017 totalled 2,388,598.

Visitors spent $349 million in Taranaki in the year to June 2017.  

You can find the report here: http://www.taranaki.info/admin/data/business/taranaki_trends___summer_2017_18.pdf