New Zealand's net migration has declined to a historic low of 131,100, as the country's citizenship departures surge. According to the latest data, the country saw a net outflow of 53,000 citizens in the 12 months up to October, with over 77,000 New Zealanders leaving the country. This has resulted in a significant drop in the country's net migration growth, which has fallen to 38,800, a level not seen since 2022.
The decline in migration is attributed to a combination of factors, including the global economic situation and an increased trend of New Zealanders seeking better opportunities abroad. In particular, the migration flow between New Zealand and Australia remains significant, with a net outflow of 30,100 New Zealanders to Australia in the 12 months up to March.
Despite the decline in migration, the country's monthly seasonally adjusted net long-term and permanent migration growth has shown a slight upward trend, with 2,790 new migrants arriving in New Zealand in October, the highest level in the past three months. The country's growth has been driven by international migrants from India, China, and the Philippines, with 144,900 new arrivals in the year to date.
However, the overall migration growth is expected to continue to decline, with predictions suggesting that it will dip below 30,000 by the early 2025. The migration flow between New Zealand and Australia is expected to remain a significant concern, with the potential to further impact the country's population structure.
The country's immigration policies and global economic trends have had a profound impact on migration flows. As the global economic situation remains uncertain, New Zealanders may continue to seek opportunities abroad, resulting in a sustained high level of citizenship departures. Despite this, the country remains an attractive destination for international migrants, particularly from India, China, and the Philippines. The future of migration in New Zealand will continue to be shaped by these complex and interrelated factors.