Forced labor generates US$150 billion profit per year: ILO
The estimated amount for total illegal profits obtained from the use of forced labor in Africa is US$13.10 billion per year
Forced labor in the private economy generates $ 150 billion in illegal profits per year, about three times more than previously estimated, according to a new report from the International Labor Organization (ILO).
“This new report takes our understanding of trafficking, forced labor and modern slavery to a new level,” said ILO Director-General Guy Ryder.
The ILO report ,Profits and Poverty: The Economics of Forced Labor, said two thirds of the estimated total of $150 billion, or $99 billion, came from commercial sexual exploitation, while another $51 billion resulted from forced economic exploitation, including domestic work, agriculture and other economic activities.