Talk Money: July 22, 2015

  • 22/07/2015
Talk Money
Talk Money

Net migration to New Zealand has reached a new annual record – but there are some signs that it is levelling off.

A net 58,300 migrants arrived in New Zealand in the year to June.

The numbers were boosted by Chinese and Indian students, and because fewer people left for Australia.

There were 115,7000 arrivals in the year to June and 57,400 departures.

The lift in arrivals helped boost the economy - but with more people looking for work the increase in migration also keep a lid on wages.

Tourism numbers are also up nine percent on a year ago.

One economist is predicting that tourism will soon replace dairy as New Zealand's biggest export earner.

Watch the video.