Population Growth In New Zealand Highest Since 1946

Population Growth In New Zealand Highest Since 1946

Population Growth In New Zealand Highest Since 1946

New Zealand experienced a surge in population in 2023, recording the fastest growth rate in the post-World War II era.

According to the economic forecasting consultancy Infometrics, New Zealand’s population soared by 2.8 per cent in the 12 month period ending December 31, surpassing the 2 per cent growth mark for the first time since 2019. This 2.8 per cent growth in the resident population is particularly notable given that the country’s annual growth figures have only exceeded 2 per cent on four occasions since the 1970s.

According to Brad Olsen, the Chief Executive and Principal Economist at Infometrics, 2023 saw the fastest growth since 1946, when the population grew 3.2 per cent as Kiwi soldiers returned home from the Second World War.

The recent spike in population growth has placed considerable pressure on the New Zealand economy, elevating the cost of house rental and placing strain on public services, particularly hospitals.

In the wake of these record figures, Immigration Minister Erica Stanford told TVNZ’s Q+A that officials were considering reviewing the country’s current immigration policy in order to limit total growth going forward.

At the time of writing, the population of New Zealand sits at approximately 5.269 million, a 37 per cent increase since 2000.

Population growth in New Zealand highest since 1946
High housing demand makes Auckland the most expensive place in New Zealand to rent property.

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