The International Labour Organization has revealed that sex traffickers was making over $27,252 per victim, while forced labour in the private economy generates $236 billion in illegal profits yearly.
It was revealed in a news report on its website titled, ‘Profits and Poverty: The economics of forced labour’, from Geneva
As seen by AMBusiness, ILO disclosed in its report that forced commercial sexual exploitation accounts for more than two-thirds (73 per cent) of the total illegal profits.
ILO added that the “total amount of illegal profits from forced labour has risen by $64 billion (37%) since 2014, a significant, attributed to a growth in the number of people forced into labour, as well as higher profits generated from the exploitation of victims.”
As claimed by the report, from $8,269 a decade earlier, traffickers and criminals generate approximately $10,000 in revenue for each victim.
The highest illegal profits are in Europe and the lowest in the Arab countries.
“Europe and Central Asia account for the largest annual illegal profits from the forced labour of $84 billion, followed by Asia and the Pacific $62 billion, Americas $52 billion, Africa $20 billion, and Arab countries $18 billion,” the statement read,
“Forced commercial sexual exploitation accounts for more than two-thirds (73%) of the total illegal profits, despite accounting for only 27% of the total number of victims in privately imposed labour.
“Forced commercial sexual exploitation generates $27,252 profits per victim as against $3,687 profits per victim for other forms of non-state forced labour exploitation.
“Forced commercial sexual exploitation, is followed by illegal profits from industry, at $35 billion, followed by services ($20.8 billion), agriculture ($5 billion), and domestic work at $2.6 billion,” the statement continued.
