Net immigration still negative

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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.

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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.