Net migrant arrivals surge toward 300k

Advertisement

The Australian Bureau of Statistics (ABS) has released visitor arrivals and departures statistics for the month of October, which reveals that the number of permanent and long-term arrivals into Australia remains turbo-charged.

In the year to October 2019, there were a record 844,240 permanent and long-term arrivals into Australia, up 2% from October 2018, and only partly offset by 547,570 permanent and long-term departures:

Subtracting departures from arrivals, there were 296,670 net permanent and long-term arrivals into Australia in the year to October 2019, up 4% on October 2018 and way above the 43-year average of 156,745:

Advertisement

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.