Statistics New Zealand has released new data showing that the nation’s fertility rate has hit an all-time low:
The total fertility rate summarises the age-specific fertility rates into a single-number indicator of fertility. It indicates, on average, the number of babies a woman would have in her lifetime if the age-specific fertility rates in a given period stayed the same throughout her life. Annual fluctuations in the total fertility rate do not necessarily indicate changes in family size, but rather changes in the timing of births.
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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.
