The evidence is clear: when migrants have access to rights and opportunities, they contribute substantially to the societies that host them,<\/strong>\u201d said Kristina Mejo, the head of the agency in Ecuador.<\/p>\nVenezuelans currently number around 441,000 in Ecuador, with households paying nearly $47 million in taxes annually.<\/p>\n
Their contributions have been enabled by public policies that streamlined documentation processes, expanded access to formal jobs, social security and financial services and recognised academic degrees.<\/p>\n
These steps have boosted productivity while helping integrate migrants into the system.<\/p>\n
Barriers and inequities<\/h2>\n
However, despite these gains, significant challenges remain.<\/p>\n
Most Venezuelans are young \u2013 over 70 per cent are between 18 and 39 \u2013 yet around two-thirds work in the informal sector. Only 30 per cent are employed in their field of expertise.<\/p>\n
Women, in particular face even steeper hurdles: nearly 70 per cent work informally and many earn below the minimum wage.<\/p>\n
Migration and remittances worldwide<\/h2>\n
The study comes as global remittances \u2013 money sent home by migrant workers \u2013 continue to rise.<\/p>\n
IOM\u2019s 2024 World Migration Report shows transfers increasing from $128 billion in 2000 to $831 billion in 2022, underscoring migration\u2019s growing economic weight.<\/p>\n
High-income countries, led by the United States, are the primary sources. In 2022, the US alone sent $79 billion abroad, supporting families and strengthening global financial ties.<\/p>\n
Similarly, migrants in Saudi Arabia sent home \u00a0$39.4 billion, followed by those in Switzerland ($31.9 billion) and Germany ($25.6 billion).<\/p>\n
India, Mexico, China, the Philippines and Egypt were (in descending order) the top five remittance recipient countries, with India well above the rest.<\/p>\n
Inward remittances in India exceeded $111 billion, the first country to reach and even exceed $100 billion.<\/p>\n<\/div>\n
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