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Wednesday, December 13, 2017

Australia’s population growth outpaces world as migrants rush in

Australia’s population is expanding at the fastest pace in the developed world as skilled migrants flock to the resource-rich nation, a fillip to economic growth overall but perhaps also a source of puzzling weakness in wages.





Government figures released on Thursday Dec 14,2017  showed the number of people resident in Australia increased 388,100 in the year to June, a rise of 1.6 percent on 2015/16. That was far above the global increase of 1.1 percent, and well ahead of the United States’ gain of 0.7 percent and Canada’s 0.9 percent


There’s still plenty of room for more, given the giant continent still only has 24.6 million people, putting it at 53rd in United Nations global population rankings. Much of Australia’s growth came in net overseas migration, which surged more than 27 percent in the year to June to 245,500. That was the highest 12-month total since 2009, while the flow into the states of New South Wales and Victoria beat records.

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