Economic Benefits brought by Australian Immigration

If you look at the projected growth in population of Australia, which is will be 38 million by 2050, you will be surprised to know that the migrants coming to Australia Permanent Residency will be contributing $1,625 billion (1.6 trillion) to the overall  GDP of Australia, making them one of the most prosperous and precious additions to Australia in the recent couple of years.

Australian Migration will be putting in 15.7 per cent to our workforce participation rate and 5.9 per cent in GDP per capita growth. Without the prevalence of migration, the Australian population as well as their economic growth and development would stand still. 

Skilled migration is in high demand in Australia as these are mainly migrants who work in every sector of Australia, thus advancing the Australian economy, with the inclusion of their skills, talent and work experience on a global level. Right from the beginning of history Australian migration trends have had a transformational effect, right from the British and French settlers coming to Australia in the  early 20th century. 

A report by Treasury and home affairs stated that “Migrants deliver an economic dividend for Australia due to current policy settings which favor migrants of working age who have skills to contribute to the economy” This report pointed out to the fact that when people Migrate to Australia the tax revenue generated by migrants was much higher in comparison with what they had claimed in government support programs. 

To arrive here all you need is to score a minimum of 65 Australia PR points or more on the points system to be able to apply via Subclass 189 (Skilled Independent visa). If not that there is another skilled migration pathway called the Skilled Nominated or Subclass 190 visa, that nominates individual applicants based on whether their chosen occupation falls in the updated Skilled Occupation List of the province. Other pathways are via newly skilled regional visa routes namely Subclass 491 and 494 brought in place of the earlier functioning Subclass 489. 

For more information about how economy has benefited from Australian migration, you can get in touch with our Australia Immigration Latest News.