48157 UniUK Impact on Economy:43586 UniUK Variable Tuition 09/10/2009 11:22 Page 6
Table 1 Overall impact of the higher education sector on the UK 4 economy, 2007/08
Universities
International students
International visitors
Higher education sector
Direct output
£23.44 billion
0
0
£23.44 billion
Secondary output
£32.36 billion
£3.26 billion
£0.19 billion
£35.81 billion
Total output generated (direct plus secondary)
£55.80 billion
£3.26 billion
£0.19billion
£59.25 billion
Direct GDP(O)
£15.16 billion
0
0
£15.16 billion
Secondary GDP(O)
£15.86 billion
£1.51 billion
£0.88 billion
£18.25 billion
Total GDP(O)
£31.02 billion
£1.51 billion
£0.88 billion
£33.41 billion
Direct employment
314,632
0
0
314,632
Secondary employment
324,456
27,868
1,163
353,937
Total employment generated (direct plus secondary)
639,088
27,868
1,613
668,569
£2.9 billion
£2.3 billion
£0.14 billion
£5.3 billion
OUTPUT
GDP(O)
EMPLOYMENT
EXPORT EARNINGS Export earnings
Source: Universities UK economic impact modelling system (2009) constructed for this study Note: All employment figures are full time equivalents
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