Net overseas migration moves further into negative

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The Australian Bureau of Statistics (ABS) has released Overseas Arrivals and Departures data for March 2021, which confirmed that net migration into Australia remains firmly negative.

There were 23,560 net permanent & long-term departures in the 12 months since the beginning of the pandemic in March 2020, representing the first time that net arrivals have been negative since the series commenced in 1976:

Net migration into Australia

For the first time since WW1, Australia has lost migrants.

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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.