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New Zealanders leave country in record numbers, latest data confirms

08:24 PM | 14 May, 2024
New Zealanders leave country in record numbers, latest data confirms

AUCKLAND - There has been an unprecedented rise in the number of New Zealanders leaving the country, a migration trend that has stirred concerns.

According to the government department, Statistics New Zealand, 52,500 citizens from the country left in the ongoing year ending March; shockingly, 39 percent of those who are leaving are aged between 18 and 30.

The stats imply that more than half of the overall citizens are headed to Australia. It is interesting to note that the previous record for annual net migration loss of New Zealand citizens was 44,400 recorded in 2012.

As far as the entrants are concerned, the number hovers around 164,000 dominated by the 18-to-44 age group; the largest number of foreigners are coming from India, the Philippines, China, and Fiji.

The official data also suggests that the annual net migration gain was 111,145, the lowest in 10 months, with gains having peaked at 139,000 last October.

Commenting on the figures, ASB senior economist Mark Smith said the net immigration outlook is highly uncertain, adding that expectations are high that net permanent and long-term migrant inflows would cool over the next few years as the slowing economy reduces the attractiveness of New Zealand as a place to live and work.

During the ongoing year, Immigration Minister Erica Stanford tightened rules for work visas to include an English language component to reduce the number of low-skilled workers entering the country.

It bears mentioning that countries across the globe are introducing measures against migration and even international student visas are now being issued with tough scrutiny.

In the same manner, Canada also announced reduction in the number of international students by 35 percent as compared to 2023. Australia has also tightened the rules against international students implying that immigration is being discouraged due to multiple concerns including the housing crisis.

The case of New Zealand becomes interesting as the citizens are leaving in record numbers.

Daily Pakistan Global Web Desk

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Pakistani Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 28 May 2024

Pakistani currency rates against US Dollar and other currencies on May 28, 2024 (Tuesday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.25 for selling.

Euro stands at 298 for buying and 301 for selling while British Pound rate is 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal increased to 73.45.

Source: Forex Association of Pakistan. (last update 08:00 AM)

Currency Symbol Buying Selling
US Dollar USD 277.4 280.25
Euro EUR 298 301
UK Pound Sterling GBP 349.5 353
U.A.E Dirham AED 75.25 75.9
Saudi Riyal SAR 73.45 74.2
Australian Dollar AUD 183 184.8
Bahrain Dinar BHD 740.03 748.03
Canadian Dollar CAD 203 205
China Yuan CNY 38.42 38.82
Danish Krone DKK 40.44 40.84
Hong Kong Dollar HKD 35.62 35.97
Indian Rupee INR 3.35 3.46
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 904.07 913.07
Malaysian Ringgit MYR 59.05 59.65
New Zealand Dollar NZD 170.03 172.03
Norwegians Krone NOK 25.92 26.22
Omani Riyal OMR 723.64 731.64
Qatari Riyal QAR 76.42 77.12
Singapore Dollar SGD 203 205
Swedish Korona SEK 26.02 26.32
Swiss Franc CHF 304.75 307.25
Thai Bhat THB 7.6 7.75

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