Charting the international student crash

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The Australian Bureau of Statistics (ABS) yesterday released short-term travel data, which showed that arrivals of international students collapsed to only 60 in May versus 28,090 in the same month last year:

In rolling annual terms, student arrivals collapsed by 121,220 (18%) from their January 2020 high:

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Separate data from the Department of Education also shows that new international student enrolments in the year to April 2020 were 7.1% below the same time last year:

And this was driven by a sharp 28.0% decline in students from China:

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With Australia’s international border now closed to all but permanent residents and citizens, international student arrivals will remain stunted for the foreseeable future.

About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.