Economic Significance of Independent Schools to Queensland
This major report, the first of its kind in Australia, highlights the annual economic significance of independent schools to the Queensland economy.
AEC Group, a global consultancy group with expertise in economic modelling, analysed and quantified the contribution independent schools make to Queensland in terms of their contribution to Queensland Gross State Product (GSP), employment and household incomes, the savings they deliver to governments and therefore taxpayers, and the economic value that flows from the enhanced education outcomes achieved by independent school students.
The conclusions of the report are telling. In 2013-14 Queensland's 190 independent schools:
- contributed $4.1 billion total to the Queensland economy (Direct & Indirect to Gross State Product)
- supported 31,000 full-time jobs - that's one full-time job for every 3.7 students enrolled at independent schools
- contributed $2.4 billion in employee wages and salaries
- provided $1.02 billion in savings to governments and taxpayers - $804 million recurrent savings and $218 million capital savings from parent contributions
- enhanced educational outcomes by independent school students, delivering $263 million extra to GSP.
- Bundaberg and Fraser Coast
- Gold Coast
- Mackay and Whitsunday
- Moreton Bay
- Sunshine Coast
- Toowoomba and Southern Downs