Mass immigration delivers sinkhole Aussie economy

Friday 11 December 2020

As we know, Australia’s economy has been sliding in per capita terms since immigration was ramped-up significantly in the mid-2000s:

This is illustrated by the collapse in GDP per capita, which has expanded by an average of only 0.5% per annum over the past decade:

While the COVID-19 recession has obviously weighed down per capita GDP growth, growth was already very weak before the pandemic, growing by less than 1% per annum in the decade to March 2020.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

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.