Migrants significantly contribute to economic growth
Migrants contribute to economis growth in both their countries of origin and their countries of destination.
Many migrants send money, known as remittance, back to their home country. In 2015 alone, migrants sent $432 billion back to developing countries.
This is triple the amount of money sent globally as development aid.
This flow of money from megrants represents not only a source of foreign exchange for developing countries but crucially a reliable source of income for millions of families.
When the global financial crisis hit in 2008, direct foreign investments in developing countries plunged 89% while remittances only dipped 5%. Migrant adds significantly to the economics of their host countries, contributing more in taxes and social contributions than they receive in individual benefits.
Related Articles
Malteser International gains Special Consultative status to the United Nations Economic and Social Council
06/07/2018. “This is a landmark achievement for us and our work for the most vulnerable people of this world”
The End of the World As We Know It
06/03/2019. After three decades of moving toward a single global market governed by the rules of the World Trade Organization, the international order has undergone a fundamental change.
An experienced practitioner addresses today’s unprecedented challenges
April 2016. Kelley Clements, deputy high commissionerfor refugees
