Immigration arrivals hit another record high

The Australian Bureau of Statistics (ABS) has released visitor arrivals and departures statistics for the month of May, which reveals that the number of permanent and long-term arrivals into Australia hit another record high.

In the year to May 2019, there were a record 848,570 permanent and long-term arrivals into Australia, up 6% from May 2018, and only partly offset by 554,140 permanent and long-term departures:

Subtracting departures from arrivals, there were 294,430 net permanent and long-term arrivals into Australia in the year to May 2019, up 7% on May 2018 and way above the 43-year average of 155,364:

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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.