The International Organization for Migration (IOM) has published the World Migration Report 2024, offering extensive data and insights into global migration trends, remittance flows, and demographic shifts that influence international mobility.
In 2022, global remittances reached an impressive $831 billion, showcasing a robust recovery from the downturn caused by the pandemic in previous years. This significant figure highlights the vital role of remittances in supporting economies worldwide.
India emerged as the leading recipient of remittances in 2022, attracting a remarkable $111 billion. This positions India at the forefront of global remittance flows, emphasizing the importance of its diaspora.
Mexico continued to hold its ground as the second-highest recipient, with remittances totaling $61 billion. In contrast, China experienced a decline, receiving $51 billion, thereby dropping to third place. This shift is attributed to demographic changes and the impact of restrictive Covid policies.
The report identifies significant migration corridors, with the largest being from Mexico to the USA, involving nearly 11 million people. Other notable corridors include the movement from the Syrian Arab Republic to Türkiye and from Russia to Ukraine, driven by civil unrest and conflict-related displacements.
According to the report, India recorded a net migration outflow of approximately 3.5 million individuals from 2010 to 2021. By mid-2020, India boasted the largest diaspora globally, totaling nearly 18 million people.
The report underlines that for ten countries, including India, the estimated net outflow of migrants exceeded one million during the 2010–2021 period. This statistic underscores the significant migration dynamics that are currently at play.
The World Migration Report 2024 elucidates the complex dynamics of global migration and remittances, demonstrating the essential contributions of migrants to global economies. This data is invaluable for policymakers and researchers aiming to understand migration trends and their socio-economic implications.
Q1. What are the total global remittances reported in 2022?
Answer: Global remittances reached an impressive $831 billion in 2022, indicating a strong recovery from the pandemic's economic impacts.
Q2. Which country received the highest amount of remittances in 2022?
Answer: India was the top recipient, receiving $111 billion in remittances, highlighting its significant diaspora and economic reliance on these funds.
Q3. How has the remittance landscape changed for countries like Mexico and China?
Answer: Mexico maintained its position as the second-highest recipient with $61 billion, while China saw a decline to $51 billion, attributed to demographic changes and Covid-19 policies.
Q4. What are the major migration corridors as per the 2024 report?
Answer: The largest corridor is from Mexico to the USA, accommodating nearly 11 million migrants. Others include movements from the Syrian Arab Republic to Türkiye and Russia to Ukraine.
Q5. What does the report say about net migration trends?
Answer: The report shows that ten countries, including India, had a net outflow of over one million migrants from 2010 to 2021, revealing ongoing migration dynamics.
Question 1: What was the total amount of global remittances in 2022?
A) $831 billion
B) $500 billion
C) $700 billion
D) $900 billion
Correct Answer: A
Question 2: Which country received the highest remittances in 2022?
A) China
B) Mexico
C) India
D) Philippines
Correct Answer: C
Question 3: How much did Mexico receive in remittances in 2022?
A) $61 billion
B) $51 billion
C) $71 billion
D) $81 billion
Correct Answer: A
Question 4: What is the largest migration corridor mentioned in the report?
A) India to USA
B) Mexico to USA
C) Syria to Türkiye
D) Russia to Ukraine
Correct Answer: B
Question 5: What was India's net migration outflow from 2010 to 2021?
A) 2 million
B) 3.5 million
C) 4 million
D) 5 million
Correct Answer: B
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