The Long-Term Economic Effects of Refugees on Host Countries

When refugees move to a new country, it can change things in big ways. Here are some important effects to think about:

1. Job Market Effects

   • Refugees can help boost a country’s economy by $10 to$15 billion, according to the OECD.
   • About half of refugees, or 50%, find jobs. They can help fill gaps where there are not enough workers.

2. Strain on Public Services

   • More refugees means more people needing places to live, healthcare, and schools.
   • This can create a shortfall of $5 to$7 billion in public spending, according to the World Bank.

3. Cultural and Economic Growth

   • Refugees come from different backgrounds, which can bring new ideas and energy.
   • Businesses that welcome diversity may see productivity increase by up to 20%, based on research from McKinsey.

4. Costs of Helping Refugees Fit In

   • Helping refugees settle and become part of the community can cost around $20,000 for each person over five years.
   • This can have a large impact on the budget of the country.

In conclusion, while welcoming refugees can bring challenges, it can also lead to many benefits for host countries. Understanding these effects helps everyone see the bigger picture.