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The University of Otago contributes more than $1 billion to the Dunedin economy, a new university report says.
University strategy, analytics and reporting director David Thomson presented the university’s Economic Impact Report 2020 to the university council in its public session yesterday.
Mr Thomson said the university’s contribution to the local gross domestic product, or gross regional product, had increased from 12% several years ago to 16%.
The Dunedin campus added $795,961,000 to the city and its students $265,953,000, he said, and that was a significant economic impact to Dunedin.
The number of jobs the university, its staff, and its students supported in Dunedin was 5313 full-time equivalent (FTE) positions, or 8% of Dunedin’s workforce
On its own, the university employed 4154FTE, in 2020, across its Dunedin, Christchurch, Invercargill, Wellington, and Auckland facilities.
It remained "easily" the biggest employer in Dunedin where 87% of its overall staff were based.
Last year, university enrolments reached 18,722 equivalent full-time students (EFTS) and 92% of those students were in Dunedin.
Total spending by the university, its staff and students was estimated at $2.3billion in Dunedin, and $3.9billion nationally, Mr Thomson’s report said.