Economic Impact of International Students

Malaysia's international student population, currently estimated at around 167,000, injects approximately RM20 billion (US$5 billion) into the national economy each year, according to figures cited by Novie Tajuddin, Chief Executive Officer of Education Malaysia Global Services (EMGS). The figure, based on an EMGS study, accounts for spending on tuition fees and living expenses. Each student spends an average of about RM10,000 a month during their stay, the study found.

Tajuddin shared these figures during the 'Malaysian Cultural Discovery Community Immersion' programme, held at Pantai Teluk Ketapang from August 21 to 23. He noted that the economic impact extends beyond university grounds, benefitting local communities and service sectors such as housing, food, and transportation in areas where students are based. He cited Terengganu as an example, saying universities like Universiti Sultan Zainal Abidin (UniSZA) and Universiti Malaysia Terengganu (UMT) bring positive social and economic benefits to surrounding communities.

"With 167,000 international students currently in Malaysia, this has an impact of about RM20 billion annually on the national economy," Tajuddin said, as reported by Malay Mail.

Promotional Push and Future Targets

According to EMGS, Malaysia is now recognized as one of the world's top 14 higher education destinations, a position that Tajuddin says reflects a growing preference for the country among international students. While the UK, US, Australia, and Canada were traditionally the preferred choices, Malaysia is increasingly considered.

The number of international students has risen by about 23% over the past three years, EMGS reports. The country aims to attract 500,000 international students by 2035, as outlined in its 10-year higher education blueprint.

To reach this goal, EMGS plans to promote Malaysian higher education institutions across approximately seven to eight regions worldwide. The top five countries of origin for international students are China, Indonesia, Bangladesh, India, and Pakistan.

Most international students are pursuing postgraduate programmes at both public and private institutions, according to EMGS.