Gross Value Added (GVA) of Education and Training Services in Australia's tourism sector is projected to grow steadily from 2024 to 2028. In 2023, the actual GVA stood at 6.85 billion Australian dollars. Forecasted data indicates a rise, with values at 7.1 billion AUD in 2024, increasing year-on-year to reach 8.03 billion AUD by 2028. This reflects a compound annual growth rate (CAGR) of approximately 4% over the five-year period.
Recent year-on-year variations show a consistent increase of around 3.4% to 3.6% annually for the last two years. This trend demonstrates robust growth in the sector.
Future trends to watch for in this sector include the potential impacts of enhanced digital learning platforms and increased international student enrollments post-pandemic, which could drive further gains in GVA. Attention should be given to policy changes and global economic factors influencing this sector.
