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Yesterday, the Australian Bureau of Statistics (ABS) released population data to the June quarter of 2021, which reported a slight acceleration in Australia’s population growth to 34,400 over the quarter and 46,000 year-on-year:
Net overseas migration (NOM) fell by 2,300 over the quarter and by 88,700 over the 2020-21 Financial Year:
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The next chart plots population growth and NOM as a time series:
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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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