Education is one of 17 divisions that comprise the Australian economy. This division is primarily concerned with the provision of education services from preschool through to postgraduate and vocational courses. Consumers are primarily the key users of educational services, choosing between private and public providers. A smaller share of educational services is also consumed by the export markets (i.e. international students). Operators which primarily undertake scientific research, provide childcare services, provide training in sport, etc or provide student accommodation are however excluded from this division. ANZSIC definition: This Division includes all units mainly engaged in providing education.
The Industry N - Education in Australia ranks 18 out of 496 by industry turnover and its life cycle is in a mature phase, which means that the industry is generally growing at at the same rate as the economy.
Capital/labour intensity is low and the uptake of new technology is medium. The industry's globalisation level is low and the trend is increasing.
The industry has a low level of exports, which means exports generate less than 5% of the industry's turnover. The industry has a low level of imports, which means imports generate less than 5% of the industry's domestic demand.
The trend for exports is increasing and for imports it's steady. The level of regulation is heavy and increasing and government assistance is high and steady.
This industry is forecast to have a moderate average annualised growth rate over the next five years. A full analysis of each of the above conditions and more is available in every IBISWorld industry report!
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