The number of people in New Zealand on work visas has almost returned to its pre-Covid high, while the number on residence visas has hit a new high.
The latest figures from the Ministry of Business Innovation and Employment show that 15,354 work visas were approved in March this year.
That's a relatively low number for the time of year and was down 14.6% compared to March last year and down 45.3% compared to March 2023.
The latest approvals were also well below the prevailing levels pre-Covid - see the first graph below for the monthly trend going back to 2015.
However while the number of work visas being approved is relatively low compared to previous years, the total number of people in this country on work visas has climbed back up to near its pre-Covid peak, and that is in spite of the more than 200,000 people who transferred from work visas to residence visas under the 2021 Residence Visa Scheme (now closed).
The jump in residence visa holders has taken the total number of people in this country who have received a residence visas within the last five years* to a record 345,345. See second graph below.
the latest figures suggest that after periods of considerable disruptions in both directions, work and residence visa flows are settling at more normal levels.
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*Note: MBIE population figures for people on residence figures only include people who have had a residence visa for up to five years. Those who have had had residence visa for more than five years are not included in this dataset.
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