Mark Smith: ASB senior economist on the net gain in migrants being offset by thousands of Kiwis leaving the country
Heather du Plessis-Allan Drive · Newstalk ZB
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Show Notes
Migrant arrivals have continued to soar in the year to June 2023- but these gains are being offset as more Kiwis depart.
Annual net migration rose again in the year to June to 86,000, a figure made up of a net gain of 121,600 non-New Zealand citizens and a net loss of 34,800 New Zealand citizens.
ASB senior economist Mark Smith says pent-up demand post-Covid is driving Kiwi departures, but the uptick in migrants adds to the nation's labour force.
"What we're really seeing now is a lot of people coming in. Numbers on work visas hit a record high in the June year of around 74,000 people- a lot more coming in are linked to the labour force."
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