By dubailife 
Record numbers of people are leaving New Zealand as unemployment rises, interest rates stay high, and economic growth remains sluggish, according to government statistics.
Data released by Statistics New Zealand on Tuesday revealed that 131,200 people left the country in the year ending June 2024, the highest annual figure on record. About one-third of these emigrants were heading to Australia.
While net migration—arrivals minus departures—continues to be high, economists anticipate this may decline as fewer foreign nationals are drawn to New Zealand due to the weakened economy.
The data indicated that 80,174 of those leaving were New Zealand citizens, nearly double the number seen before the COVID-19 pandemic.
Merrily Allen is planning to move with her partner and 14-year-old daughter to Hobart, Tasmania, in early 2025. “There are a lot of opportunities there. They’re always looking for people in my profession,” said Allen, who works in dental administration. “I have many friends who have moved to Australia for better work opportunities and a better quality of life. Australia just seems to have it together.”
During the pandemic, many New Zealanders abroad returned home, encouraged by the government’s management of the outbreak. However, some now feel disillusioned with the country. Economists suggest that rising living costs, high interest rates, and fewer job opportunities are prompting New Zealanders to look towards Australia, the UK, and other destinations.
New Zealand’s economy is struggling after the central bank’s significant rate hikes—521 basis points, its most aggressive tightening since the official cash rate was introduced in 1999. The economy grew by just 0.2% in the first quarter, unemployment rose to 4.7% in the second quarter, and inflation remains high at 3.3%.
Additionally, Australia is actively recruiting for sectors such as nursing, policing, and teaching, offering relocation packages that attract New Zealanders who don’t require visas to work there. Meanwhile, the New Zealand government has significantly downsized its public service, leaving many skilled workers seeking employment elsewhere.
Source : Khaleejtimes