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WORLD MIGRATION REPORT 2024: KEY INSIGHTS



  May 09, 2024

WORLD MIGRATION REPORT 2024: KEY INSIGHTS



 Introduction to the World Migration Report:

The International Organization for Migration (IOM) has released the World Migration Report 2024, providing comprehensive data and insights into global migration trends, remittance flows, and the demographic shifts impacting international mobility.


 FAQs:


1. What are the total global remittances reported in 2022?

Global remittances reached a staggering $831 billion in 2022, indicating a robust recovery from the pandemic-induced downturn seen in previous years.

2. Which country received the highest amount of remittances in 2022?

India received the highest remittances, amounting to $111 billion in 2022, marking it as the top recipient worldwide.

3. How has the remittance landscape changed for countries like Mexico and China?

Mexico maintained its position as the second-highest recipient with $61 billion in remittances. China saw a decline, receiving $51 billion and slipping to third place, which has been attributed to factors like demographic changes and restrictive Covid policies.

4. What are the major migration corridors as per the 2024 report?

The largest migration corridor is from Mexico to the USA, with nearly 11 million people. Other significant corridors include the Syrian Arab Republic to Türkiye and Russia to Ukraine, driven largely by displacement due to civil unrest and invasions.

5. How has India's migration scenario changed according to the report?

India had a net migration outflow of approximately 3.5 million from 2010 through 2021, and by mid-2020, India had the largest diaspora in the world, numbering nearly 18 million people.

6. What does the report say about net migration trends?

The report highlights that for ten countries, including India, the estimated net outflow of migrants exceeded one million over the period from 2010 through 2021, underscoring significant migration dynamics.


 Conclusion:

The World Migration Report 2024 sheds light on the intricate dynamics of global migration and remittances, illustrating the critical role of migrant contributions to global economies. This data is crucial for policymakers and researchers to understand migration trends and their socio-economic impacts.



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