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The-Economic-Impact-of-Migration.pdf

Migration Council Australia and Independent Economics. The economic impact of migration flows through into every aspect of the economy.

THE ECONOMIC

IMPACT OF

MIGRATION

The Migration Council Australia would like to acknowledge the Department of Immigration and Border Protection, the Department of

SocialxServices, the Department of Industry and the Australian Bureau of Statistics for their assistance.

The modelling in this report was undertaken by Independent Economics. Independent Economics makes no representations to, and

accepts no liability for, reliance on this report by any person or organisation other than Migration Council Australia. Any person, other than

MigrationxCouncil Australia, who uses this report does so at their own risk and agrees to indemnify Independent Economics for any loss or

damage arising from such use.

This report is covered by Creative Commons licence 3.0 Ñ Attribution-NonCommercial (CC BY-NC). This licence allows users to distribute,

remix and build upon a work, and create Derivative Works Ñ but only if it is for nonÐcommercial purposes Ñ provided they credit the

Migration Council Australia and Independent Economics.

THE ECONOMIC

IMPACT OF

MIGRATION

EXECUTIVE SUMMARY 02

THE MODEL 04

AUSTRALIAÕS MIGRATION PROGRAM 04

RESULTS 10

POPULATION 10

PARTICIPATION AND EMPLOYMENT 12

PRODUCTIVITY AND GROWTH 14

DISTRIBUTION 20

LOOKING TO THE FUTURE 24

APPENDIX ONE 26

SUMMARY OF MODEL RESULTS 26

APPENDIX TWO 28

THE INDEPENDENT MACRO MODEL 28

REFERENCES 40

CONTENTS

EXECUTIVE

SUMMARY

For too long the economic contribution

of migration to Australia has been signiÞcantlyxundervalued.

This report documents the Þrst comprehensive

analysis in almost a decade of the impact of migration on our key economic indicators and the verdict is conclusive: migration is central to

AustraliaÕs future prosperity.

AustraliaÕs projected population will be 38 million by 2050 and migration will be contributing O1,625 billion (1.6 trillion) to AustraliaÕs GDP.

Moreover, migration will have added

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