GDP per capita is mostly static since a large increase pre-COVID during the explosive China growth years 2005-2020.
Most variations since are exchange rate variations more than actual changes in GPD vs population (GDP is usually denominated in USD)[1],[2]
Low GPD per capita is definitely NOT correlated with high migration, which decreased in the years GPD per population decreased[3]
If anything low migration is inversely correlated with higher GDP over the last 25 years: high immigration is correlated with higher GPD per capita - but I don't think one should draw a causal link here: the cause of GDP growth in AUstralia is generally accepted as increased raw material exports to China, and that has led to higher employment.
alt Hacker News
This isn't really right.
GDP per capita is mostly static since a large increase pre-COVID during the explosive China growth years 2005-2020.
Most variations since are exchange rate variations more than actual changes in GPD vs population (GDP is usually denominated in USD)[1],[2]
Low GPD per capita is definitely NOT correlated with high migration, which decreased in the years GPD per population decreased[3]
If anything low migration is inversely correlated with higher GDP over the last 25 years: high immigration is correlated with higher GPD per capita - but I don't think one should draw a causal link here: the cause of GDP growth in AUstralia is generally accepted as increased raw material exports to China, and that has led to higher employment.
[1] https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?location...
[2] https://tradingeconomics.com/australia/gdp-per-capita
[3] https://www.macrotrends.net/global-metrics/countries/aus/aus...