Baby bust hits Australia

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The latest quarterly population data from the Australian Bureau of Statistics (ABS) showed that natural population increase (births minus deaths) fell to a record low 108,600 in the year to March 2023:

Natural population increase

This comes despite the massive ramp-up in immigration, which has flooded the nation with people of child bearing age:

Net overseas migration
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On Wednesday, the Australian Bureau of Statistics (ABS) released data on births and fertility rates for Australia in 2022.

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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.