Economics
Immigration Spurs Economic Growth in Advanced Nations, IMF Says
- Greater inflow of people means higher output over time: IMF
- Newcomers’ labor-market skills complement native-born workers
Photographer: Guillermo Arias/AFP via Getty Images
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Immigration to advanced economies boosts productivity and output over the short and medium term, with new workers complementing native-born populations, according to the International Monetary Fund.
Every one percentage-point increase in the inflow of immigrants relative to total employment in rich nations increases output almost 1% by the fifth year, the IMF said in the latest chapter of its World Economic Outlook published Friday. The productivity increases caused by immigrants also benefit the average incomes of native workers, the Washington-based organization said.