Tuesday, March 13, 2018

Migrants and foreign aid

Guest workers across the world send home money worth three times as much as global aid. 

Worldwide, remittance projected to reach $596 billion in 2017. More than $450 billion dollars are sent by guest workers to middle- and low-income countries throughout the world.
That’s close to three times as much as the world’s entire aid budget, and just under Sweden’s entire GDP.
Today, there are 250 million migrants across the world. Most have moved countries to pursue a better job and income.
As such, the amount of money being sent home by workers grows in line with migration.

No comments: