New Zealand migration loss will reverse
New Zealand's diminishing population will reverse this year, with the increase coming from migrants from the UK, India and China, claims new government research.
A Department of Labour paper called the "Permanent and Long Term Migration: The Big Picture" states that there will be more long term migration at the end of this year and early 2013, reports CRI English.
Vasantha Krishnan, the general manager of the Labor and Immigration Research Centre, said that migration both in and out of New Zealand has kept to a cyclical pattern for the last 60 years, and that the current patterns cohere with this trend.
He added that since the 1960s net migration has followed a pattern, where more people tend to leave the country than enter at the end of every decade. The recent trends show that New Zealand is currently at the dip in a cycle.
The paper also revealed that although a record number of New Zealanders are moving to Australia, there are less emigrating to the trans-Tasman than in the 1970s. In the first half of 2011, 44,900 or about 1 per cent of New Zealanders moved to Australia, while it was 1.4 per cent at at the end of the 1970s.
The NZD exchange rates on 09/02/2012 were as follows: GBP NZD = 1.8978, EUR NZD = 1.5936, USD NZD = 1.2003, AUD NZD = 1.2925, CHF NZD = 1.3158, INR NZD = 0.0242, AED NZD = 0.3271, MXN NZD = 0.0946, CAD NZD = 1.2058, ZAR NZD = 0.1581, RUB NZD = 0.0403, . See today's New Zealand Dollar Exchange Rate
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