Forced Sex Traffickers Yields $236 Billion in Illegal Profits Annually

The International Labour Organization (ILO) has revealed alarming statistics regarding the profits generated by sex traffickers, with each victim of forced labor in the private economy yielding an average of $27,252 for perpetrators annually.

This data, disclosed in the ILO’s report titled ‘Profits and Poverty: The economics of forced labour’ from Geneva, underscores the staggering $236 billion in illegal profits generated yearly from forced labor.

According to the report, forced commercial sexual exploitation constitutes a significant portion, accounting for over two-thirds (73%) of the total illegal profits.

This figure marks an increase of $64 billion (37%) since 2014, attributed to a rise in the number of individuals coerced into labor and higher profits derived from victim exploitation.

ADVERTISEMENT

Over the past decade, traffickers and criminals have seen a surge in revenue per victim, reaching approximately $10,000 from $8,269.

The distribution of illegal profits varies geographically, with Europe and Central Asia topping the list at $84 billion annually, followed by Asia and the Pacific at $62 billion, the Americas at $52 billion, Africa at $20 billion, and Arab countries at $18 billion.

Further analysis indicates that forced commercial sexual exploitation generates the highest profits per victim compared to other forms of non-state forced labor exploitation, with an average of $27,252 per victim.

This figure far exceeds the $3,687 generated per victim in other forms of non-state forced labor.

Related News: CJN Set to Receive N5.39 Million Monthly Package Following Bill Passage

The report highlights that these illicit profits represent wages that should rightfully belong to workers but remain in the possession of exploiters due to coercive practices.

Gilbert F. Houngbo, Director-General of ILO, emphasizes the urgency of addressing forced labor, which perpetuates cycles of poverty and exploitation, undermining human dignity.

Houngbo stresses the need for comprehensive action from the international community to combat this injustice, including investing in enforcement measures, strengthening legal frameworks, and providing training for enforcement officials.

Additionally, efforts must focus on addressing root causes and safeguarding victims, as enforcement alone cannot eradicate forced labor.

In conclusion, the report underscores the imperative of concerted efforts to end forced labor, uphold workers’ rights, and promote fairness and equality for all.