Bogan exodus gives way to Chinese influx

Tuesday 7 July 2015

The Australian Bureau of Statistics yesterday released its overseas short-term arrivals and departures figures for May, which revealed a rise in the number of inbound tourists and a reduction of out-bound tourists.

The number of short-term visitor arrivals rose by 0.6% in May in trend terms, whereas short-term resident departures fell by 0.1% over the month. The the ratio of annual arrivals to departures also rose to 77.0%, which was the highest level since July 2011 (see next chart).

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.