‘Big Australia’ immigration kills per capita GDP growth

Monday 12 September 2022

Economist Callam Pickering tweeted the following in response to Thursday’s June quarter national accounts release from the Australian Bureau of Statistics:

As shown clearly above, Australia’s per capita GDP growth trended sharply lower from the early-2000s in concert with the huge lift in Australia’s immigration intake – a fact acknowledged by Anthony Fox:

Leading immigration shill, Abul Rizvi, was quick to respond with the following propaganda claiming that the decline in GDP has been caused by the growing “demographic burden”:

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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.