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270 Million Migrants, Send Home A Staggering $689 Billion

In its latest global report, IOM noted that the overall figure represents just a tiny fraction of the world’s population, although it is a 0.1 per cent increase on the level indicated in its last report, published two years ago. “This figure remains a very small percentage of the world’s population (at 3.5 per cent), meaning that the vast majority of people globally (96.5 per cent) are estimated to be residing in the country in which they were born,” IOM’s Global Migration Report 2020 said. According to the UN agency, more than half of all international migrants (141 million) live in Europe and North America. An estimated 52 per cent are male, and nearly two-thirds of all migrants are looking for work; that’s around 164 million people.

India continues to be the largest country of origin of international migrants, with 17.5 million living abroad, followed by Mexico (11.8 million) and China (10.7 million). Other findings indicate that the number of migrant workers declined slightly in high income countries – from 112.3 million to 111.2 million – but increased elsewhere. Upper middle-income countries saw the biggest increase, from 17.5 million to 30.5 million. Linked to this, international remittances also increased to $689 billion in 2018, IOM said, the top beneficiaries being India ($78.6 billion), China ($67.4 billion), Mexico ($35.7 billion) and the Philippines ($34 billion). The United States remained the top remittance-issuer, at $68 billion, followed by the United Arab Emirates ($44.4 billion) and Saudi Arabia ($36.1 billion).

Read more: UN News, https://is.gd/Fj3NyC

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