The net migration gain of 50,922 was almost doubled in 2014 compared to 22,468 from 2013. The number of migrants increased by 16 per cent while the departures fell by 18 per cent.
The ASB Bank Senior economist Chris Tennent-Brown said: “The attractiveness of the New Zealand labour market relative to Australia’s and the rest of the world has, and will continue to be a key influence. We will be carefully monitoring migration figures over the coming months before coming to any conclusion about whether net migration inflows are at a peak, and about to return to more normal levels.”
Migration peak was mainly due to the increased number of arrivals from India, China and Australia. More than 11,303 arrivals relocated from India and above 9,500 arrivals came from China, which made China the third-largest migrant country.
Australia is still the largest source for migrants in New Zealand with more than 23,000 people migrated in 2014. The UK is the second-largest source of migrants after Australia although the number of UK arrivals last year dropped down slightly.
China, followed by Australia, the US and Germany contributed the biggest annual increase in the number of visitors in 2014.
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