A report by Studyportals and Cambridge IELTS estimates that international students who graduated in 2024 will contribute $1.7 trillion to host economies over their working lives, with four major study destinations accounting for around 60% of the total.

The United States, the United Kingdom, Canada and Australia are projected to capture approximately $1 trillion in economic value from international students who graduated in 2024, highlighting the long-term contribution of overseas graduates to their host countries.

According to Talent Beyond Borders, a report by online education platform Studyportals and Cambridge IELTS, international graduates worldwide are expected to contribute an estimated $1.7 trillion to host economies over the course of their working lives. The four countries, which are among the leading destinations for international students, are projected to account for about 60% of this value.

The report highlights that the contribution of international graduates extends beyond their immediate economic output. Their skills and expertise can support innovation, encourage entrepreneurship, strengthen international professional networks and foster collaboration between countries.

International graduates can also contribute by mentoring others, sharing knowledge and building professional connections across borders. These links can benefit businesses, research institutions and economies long after students complete their education.

International graduates and their contribution to host economies

The projected economic contribution underscores the significance of international education as more than an academic exchange. Graduates can become part of the skilled workforce, contribute to research and development, and help address talent needs in their host countries.

For destination countries, the long-term value of international education therefore depends not only on attracting students but also on how effectively graduates’ skills are used in the labour market.

The report’s estimates place the United States, the United Kingdom, Canada and Australia at the centre of this economic contribution, reflecting their position among the major destinations for international students.

India ranks second in international graduate return rates

The report also examines whether international graduates remain in their study destinations or return to their home countries after completing their education.

South Africa has the highest reported proportion of international graduates returning home, at 51%. India follows, with 47% of its international graduates returning to the country.

These figures highlight an important dimension of international education: graduates do not necessarily remain in the countries where they study. Some return home with advanced qualifications, professional experience and international networks that can contribute to their domestic economies.

The findings also underline the potential for international education to strengthen connections between countries through the movement of talent and knowledge.

As countries compete to attract skilled graduates, the economic impact of international education will depend on both the opportunities available in host countries and the ability of graduates to apply their knowledge wherever they choose to build their careers.