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The Australian Bureau of Statistics (ABS) yesterday released visitor arrivals and departures statistics for the month of February, which revealed that the number of permanent and long-term arrivals into Australia remained turbo-charged, but has clearly softened.
In the year to February 2020, there were 826,080 permanent and long-term arrivals into Australia, down 2% from February 2019, and only partly offset by 542,220 permanent and long-term departures:
Subtracting departures from arrivals, there were 283,860 net permanent and long-term arrivals into Australia in the year to February, down 5% on February 2019 but still way above the 43-year average of 157,788:
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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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