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The Australian Bureau of Statistics (ABS) yesterday released its short-term visitor arrivals and departures data for December.
The number of short-term arrivals rose by 1.9% in the year to December, whereas short-term resident departures rose by 0.9%. The ratio of annual arrivals to departures also rose to 81.5%:
Net short-term arrivals also remained heavily in deficit:
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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.