The new issue of UNSW's Aggregate Ranking of Top Universities includes GDP and research development national expenditures, "to determine country level performance and return on investment."
Australian universities continue to punch well above their weight, as new ranking puts Australia thrd for the number of universities it has in the global top 200.
As Australia begins a slow and difficult recovery from COVID-19, the status of our universities will be increasingly important in attractive and retaining international students once borders fully reopen.
Whether it's purchasing power parity or the Happiness Index, global comparisons require benchmarking. Sport does this well with World Cups and the Olympic, or better still the ringle ranking familiar to tennis and golf aficionados.
The University of NSW has developed a global higher education ranking system it hopes will become the go-to international scoreboard for university performance and ease concerns about the distorting effects of league tables.