Why New Zealand is seeing a record number of its citizens leaving
New Zealand is experiencing a significant exodus of its citizens, with new data from Stats NZ revealing record-breaking migration losses.In the year leading up to April 2024, a net migration loss of 56,500 citizens was recorded, exceeding the previous high of 52,000 set in the year to March 2024.
A total of 81,200 New Zealanders departed long-term during this period, marking a 41 per cent increase from the previous year and setting a new record from the former high of 72,400 departures in 2012.
Stats NZ data further showed a provisional net migration loss of 24,200 people to Australia for the year ending September 2023, made up of 18,000 arrivals from Australia to New Zealand and 42,200 departures from New Zealand to Australia.
This trend of migration loss to Australia has historically averaged nearly 30,000 annually during 2004–2013 and about 3,000 annually during 2014–2019.
What factors have affected this move?
Several factors are driving New Zealanders to seek opportunities abroad.
ASB senior economist Mark Smith commented, “New Zealand loses its lustre,” attributing the exodus to economic conditions and the allure of better opportunities overseas.
He noted, “This, combined with moderating arrivals of non-NZ citizens, is expected to drive net migration inflows lower over time.”
Source: https://www.firstpost.com/explainers/why-new-zealand-is-seeing-a-record-number-of-its-citizens-leaving-13781822.html
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