World Bank released Migration and Remittances Factbook 2016

As per the report, the number of international migrants is expected to surpass 250 million in 2015, an all-time high, as people search for economic opportunity.

Created On: Dec 21, 2015 15:17 ISTModified On: Dec 22, 2015 09:31 IST

World Bank GroupWorld Bank Group’s Global Knowledge Partnership on Migration and Development (KNOMAD) initiative on 18 December 2015 released the Migration and Remittances Factbook 2016.

The report provides a snapshot of latest statistics on immigration, emigration, skilled emigration, and remittance flows for 214 countries and territories.

It also updates the 2011 edition with additional data on bilateral migration and remittances and second generation diasporas, and recent movements of refugees.

As per the report, the number of international migrants is expected to surpass 250 million in 2015, an all-time high, as people search for economic opportunity.

And, India was the largest remittance receiving country, with an estimated 72 billion US dollars in 2015, followed by China (64 billion) and the Philippines (30 billion US dollars).

Highlights of the report

• Fast growing developing countries have increasingly become a strong magnet for people from other parts of the developing world.
South-South migration is larger than South-North migration. Over 38 percent of the international migrants in 2013 migrated from developing countries to other developing countries, compared to 34 percent that moved from developing countries to advanced countries.
The top 10 migrant source countries were India, Mexico, Russia, China, Bangladesh, Pakistan, the Philippines, Afghanistan, Ukraine, and United Kingdom.
The top 10 migrant destination countries were the United States, Saudi Arabia, Germany, Russia, United Arab Emirates (UAE), United Kingdom, France, Canada, Spain and Australia.
• International migrants will send 601 billion US dollars to their families in their home countries in 2015, with developing countries receiving 441 billion US dollars.
The United States was the largest remittance source country, with an estimated 56 billion US dollars in outward flows in 2014, followed by Saudi Arabia (37 billion) and Russia (33 billion).

• Together, remittances and migrant savings offer a substantial source of financing for development projects that can improve lives and livelihoods in developing countries.
Mexico-United States was the largest migration corridor in the world, accounting for 13 million migrants in 2013. Russia-Ukraine was the second largest, followed by Bangladesh-India, and Ukraine-Russia.
• In 2014, there were 14.4 million refugees (excluding 5.1 million Palestinian refugees), accounting for 6 percent of international migrants.
• About 86 percent of the refugees were hosted by developing countries, with Turkey, Pakistan, Lebanon, Iran, Ethiopia, Jordan, Kenya, Chad, and Uganda the largest host countries. In contrast, the number of refugees in advanced countries was 1.6 million.

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