Liam Dann: NZ Herald business editor at large on the new stats revealing how many Kiwis left the country

The number of people leaving the country long-term hit another new record in the year to January - but monthly data suggests the brain drain has peaked.

Stats NZ provisional data for the January 2025 year (compared with January 2024) showed migrant departures up 18 percent to 122,800, the highest on record for an annual period.

Migrant arrivals, at 155,300 were down, 31 percent for the year.

NZ Herald business editor at large, Liam Dann, explains what this means for the New Zealand economy.

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