Pravasi Desk: According to the report of the United Nations Migration Agency, India has set a record as the country receiving the most remittances in 2022. In 2022, the country received 111 billion, or 11 billion dollars, in remittances. Through this, it became the first country in the world to achieve the milestone of 100 billion dollars in remittance income.
The World Migration Report published by the United Nations Organization for Migration (IOM) on Tuesday (May 7) stated this information.
According to the report, India ranks first in the world in terms of receiving remittances. After that, in 2022, Mexico will be in the second position on the list, receiving 61.10 billion dollars in remittances. The country was in second place in 2021 as well. The third, fourth, and fifth positions on the list are China, the Philippines, and France, respectively.
Meanwhile, Pakistan and Bangladesh are at the 6th and 8th positions, respectively, in receiving remittances in 2022. That year, Pakistan received about 30 billion dollars and Bangladesh 21.5 billion dollars in remittances. The African country of Egypt is in the seventh position on the list. In 2022, the country earned $28.33 billion from remittances.
The report states that South Asia receives the largest inflow of remittances globally, as the region has a significant number of migrant workers. Three countries—India, Pakistan, and Bangladesh—are among the world’s top ten recipients of international remittances. Nigeria in the ninth position received $20.13 billion, and Germany in the tenth position received $19.29 billion in remittances.
Bangladesh ranks eighth in receiving remittances but sixth in the world in terms of sending migrants. The top 5 sending countries are India, Mexico, Russia, China, and Syria.
According to the IOM report, although remittances are the lifeline of many people in South Asia, including Bangladesh, migrant workers from these countries work at high risk, suffer financial exploitation, and sink into additional financial debt due to migration costs. Apart from being harassed at work, they also suffer from ‘xenophobia’ (hatred of foreigners).
According to the IOM report, the Gulf countries are the main destinations for migrant workers. Immigrants form a large part of the total population of the Gulf countries.
A large proportion of migrants from Bangladesh, India, Egypt, Ethiopia, and Kenya work in the construction, hospitality, security, domestic, and retail sectors.
