Australia population expands at brisk 2.1 pct year

SYDNEY Thu Mar 25, 2010 10:46am IST

A computer-generated image  shows Gold Coast in Queensland, Australia circa 2050. REUTERS/Arup's proposal for the Australian Institute of Architects' Venice Biennale exhibition/Handout

A computer-generated image shows Gold Coast in Queensland, Australia circa 2050.

Credit: Reuters/Arup's proposal for the Australian Institute of Architects' Venice Biennale exhibition/Handout

Related Topics

SYDNEY (Reuters) - Australia's population rose a brisk 2.1 percent last year, just a whisker from the fastest pace in four decades and a boost to demand for everything from consumer goods to housing and infrastructure.

Government data out Thursday showed 451,900 more people called Australia home in the 12 months to end September, taking the total to 22.07 million. The growth pace of 2.1 percent was almost twice the global average of 1.1 percent, and far above most rich nations.

The natural rate of increase, births minus deaths, stood at 154,500, while net migration added 297,400. The Bureau of Statistics also revised up past immigration numbers to show a net addition of 77,300 people in the two years to September.

The rapid rise in population helped Australia dodge a recession last year as the global financial crisis raged.

"Population growth to a major extent underpins the domestic growth story," said James Craig, chief equities economist at CommSec.

"More people translates to increased spending and demand for homes, and as a result, increased momentum for our economy," he added. "And while population has been going backwards in Japan and stagnating across the European nations, Australia is moving ahead."

The sharp lift in migration is also serving to reduce the extent to which the population is ageing, since migrants tend to be younger on average, thus reducing the demands on health and other social resources.

(Reporting by Wayne Cole; Editing by Ed Davies)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Ebola Outbreak

REUTERS SHOWCASE

Neclear Restart

Neclear Restart

Japan's Sendai nuclear restart in final stage: local governor.  Full Article 

Fight Unites

Fight Unites

Kurds' battle for Kobani unites a people divided by borders.  Full Article 

Railway Revamp

Railway Revamp

China to spend at least $33 bln on new railway lines.  Full Article 

Controversial Remark

Controversial Remark

Thousands denounce HSBC board member's likening of Hong Kong people to freed slaves.  Full Article 

Apple's Cook signals front line of new gay rights battle

Cook Speaks Up

Apple's Cook signals front line of new gay rights battle.  Full Article 

Gas Deal

Gas Deal

Ukraine, Russia, EU agree to natural gas supply deal.  Full Article 

Jerusalem Tensions

Jerusalem Tensions

Kerry urges restraint, expresses worry over tensions in Jerusalem.  Full Article 

Myanmar Roundtable

Myanmar Roundtable

Obama urges progress in Myanmar ahead of rare roundtable.  Full Article 

Active Volcano

Active Volcano

National Guard arrives in Hawaii town threatened by lava.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage