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
Speech given by ICRC president to the African Union Peace and Security Council
10/19/2016. Peter Maurer brieffed on its activities and challenges related to peace and security in Africa from the perspective of delivering humanitarian assistance in situations of crisis and conflict.
UN’s Grandi slams ‘toxic language of politics’ aimed at refugees, migrants
04/09/2019. Mr. Grandi said that the stigmatization of refugees and migrants is “unprecedented,” and that traditional responses to refugee crises appear increasingly inadequate.
The biggest donors of 2016
12/20/2016. Overall, some $22 billion of humanitarian spending was tracked in 2016, up from $20.9 billion in 2015, but not as high as the $23.5 billion reported in 2014.
