New Zealand's Record Migration

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New Zealanders

Reuters

•

Business

Business & Economics

Analysis-New Zealand's economic missteps hasten exodus to sunnier shores

Summary

Nutrition label

76% Informative

128,700 people, who permanently left the Pacific nation of 5.3 million in 2024 , provisionally the largest exodus on record.

The rush to leave comes amid the worst economic downturn since 1991 outside of the pandemic.

Unemployment is at a more than four-year high while the number in work saw the largest annual decline since 2009 .

New Zealand's economy was the worst performing in the developed world last year , according to HSBC .

Lellimo and Ngaru plan to return to New Zealand one day when they are more financially secure. But for now, New Zealanders are voting with their feet. "We love the country, but the economic side of things wasn't that great for us," said Lellimo . (Reporting by Lucy Craymer ; Editing by Sam Holmes ).

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful