The Economic Impact of Immigration
Filed under: Economics, Hubby's Views, Jobs & Work, NZIS & Immigration issues
There was a recent report from the masterminds at the Dept of Labour looking at the economic impact of people emigrating to NZ. {Headline, immigration is good for the NZ economy – I’m glad we spent money studying that one just so as we’re sure}.
Anyhow, I was looking around for the numbers and found they were rather difficult to find. So, because they are interesting, here is a nice simple summary.
The reporting, and follow up
The numbers;
At current level of 20,000 annual net inflow:
* Worth $1.9 billion per year to GDP and $1000 per capita GDP.
* NZ population will increase by 437,000 to 4.5 million and annual GDP to $248 billion.
* Will yield an extra $28 billion in annual GDP by 2021.
Doubling immigration level to 40,000 annual net inflow:
* Real GDP will be 7.6 per cent higher, and GDP per capita up 1.5 per cent.
* Export volumes will rise 8.5 per cent.
* Available labour will be increased by 7.4 per cent.
The Effect of Zero immigration:
* NZ population will fall 9.6 per cent below baseline figure of 4.5 million.
* GDP will fall 11.3 per cent, and GDP per capita to drop 1.8 per cent or $1000.
* Available labour will fall 10.9 per cent.
* Export sector will be most affected, with export volumes dropping 12.9 per cent.
But we are not allowed to advise you to come here.
Related posts:
- The Economic Impact of Immigration
- Nearly everyone wants to move to New Zealand.
- An interesting Immigration report – part 2
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