Client: Independent Schools Queensland (ISQ)
AEC were engaged to assess the economic contribution the independent schools sector made to the Queensland economy in 2017-18, as well as key regions, state electorates and federal electorates. The project updated previous analysis undertaken by AEC for the 2013-14 financial year. The assessment used an Input-Output significance modelling framework to identify the direct and flow-on contribution of independent schools to Queensland Gross State Product (GSP), employment and employee incomes. This included consideration of operating activity and expenditure of independent schools, as well as capital works expenditure/ activity and the expenditure of international boarding students in the Queensland economy.
The assessment also examined:
- The savings to the Queensland and Australian Governments in terms of recurrent expenditure and capital expenditure savings compared to what the Governments would otherwise need to spend to educate students at independent schools.
- The longer term benefits to Queensland economic growth delivered as a result of the improved education outcomes of independent students.