The ACT has recorded its highest population growth since 2012 and has the second highest rate of population growth in the nation, according to the latest population figures released by the Australian Bureau of Statistics.
The key drivers of this growth were net overseas migration and natural increase which were both at the highest levels ever experienced in a calendar year by the ACT.
The ACT’s population grew by 2.2 per cent to 415,900 in the year ended 31 December 2017, with the Territory’s growth second only to Victoria which grew by 2.3 per cent in the same period.
ABS Demography Director Anthony Grubb said net overseas migration was the main contributor in the ACT’s growth at 48 per cent, with natural increase and net interstate migration contributing 44 per cent and 8 per cent respectively.
“Victoria continues to lead the nation in population growth with an annual increase of 2.3 per cent, followed by the Australian Capital Territory at 2.2 per cent and Queensland at 1.7 per cent. The Northern Territory recorded the lowest growth at 0.2 per cent,” Mr Grubb said.
“While not growing as fast as some other states and territories, large gains in overseas and interstate migration have nearly tripled Tasmania’s annual population growth over the past two years, increasing from 0.3 per cent in 2015 to 0.9 per cent in the year ended 31 December 2017.
“This brings Tasmania’s growth rate back up to levels last seen in 2008, thanks mainly to increases in net interstate migration.”
Overall, Australia’s population grew by 388,000 people in 2017 to reach 24.8 million by the end of the year.
As a result, the ABS is projecting that Australia will reach a population of 25 million in early August 2018.
According to demographer Mark McCrindle of McCrindle Research, Australia’s record population growth has exceeded all forecasts, with Australia originally not expected to reach 25 million until 2051 but now expected to achieve that figure 33 years early.
Net overseas migration added 240,400 people to Australia’s population in the year ended 31 December 2017, and accounted for 62 per cent of Australia’s total population growth.
Natural increase contributed 147,500 additional people to Australia’s population, made up of 308,500 births and 160,900 deaths.
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