Advertisement
The Australian Bureau of Statistics (ABS) yesterday released Overseas Arrivals and Departures data for January, which confirmed that net migration into Australia remains negative.
There have been 20,800 net permanent & long-term departures since the pandemic hit in March 2020, representing the first time net arrivals have been negative since the series first began in 1976:
Australia has lost migrants since the COVID-19 pandemic first began.
The full text of this article is available to MacroBusiness subscribers
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.
Advertisement