The Organisation for Economic Cooperation and Development (OECD) has released a report, according to which immigration is economically neutral in the nations acting as hosts for huge immigrant populace.
According to OECD’s published edition of its Migration Policy Debates leaflet, the influence of the collective migration over the previous 50 years in OECD countries is equal to zero on an average, which is hardly beyond 0.5% of GDP in either terms of progress or fall.
Countries such as Luxembourg or Switzerland had a remarkable influence of +2% GDP. However, the report says that immigrants are neither a cause of the trouble to public funds nor do they provide solutions to deal with the financial challenges faced by the governments.
The leaflet also says that immigration is a benefit to the nations, who host the immigrants. It also says that migrants contribute to the economy in form of taxes or social contributions when compared to the benefits that they receive.
Impact of the immigration differs from country to country based on several factors such as the percentage of the immigrants, who come for reasons related to work, the education level of the immigrants, immigrant population and the age of the immigrants. Immigrants, who are young, educated and working, are definitely beneficial contributors to the economy.
According to OECD report 47% of the immigrants account for US workforce and 70% of the European workforce over the previous 10 years. They contribute to the economic growth through their skill and expertize.