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The Australian Bureau of Statistics (ABS) yesterday visitor arrivals and departures statistics for the month of January, which revealed that the number of permanent and long-term arrivals into Australia remains turbo-charged, but has softened slightly.
In the year to January 2020, there were 843,340 permanent and long-term arrivals into Australia, up 1% from December 2018, and only partly offset by 550,570 permanent and long-term departures:
Subtracting departures from arrivals, there were 294,310 net permanent and long-term arrivals into Australia in the year to January, up 1% on January 2019 and way above the 43-year average of 157,544:
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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.
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