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Australia has run one of the strongest immigration programs in the world this century, resulting in a remarkable 9 million (47%) population increase, as indicated by the ABS Population Clock’s most recent reading.
Australia’s population growth has exceeded that of nearly every other developed nation this century, driven by two decades of extreme immigration.
Australia’s net overseas migration (NOM) has averaged 230,000 annually since the start of 2005. This figure is around 150% higher than the average NOM of 90,000 in the 60 years following the Second World War.
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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.