NSO: 1 in 5 OFWs
working in S. Arabia
ROUGHLY one-fifth of all overseas Filipino workers (OFWs) worldwide toil in the Kingdom of Saudi Arabia, according to the National Statistics Office (NSO) 2010 Survey of Overseas Filipinos.
The results were released as the government and overseas employment agencies prepare for the implementation of the “Saudization” policy by Saudi authorities on September 10.
Bangko Sentral ng Pilipinas (BSP) figures on overseas remittances show that earnings sent from Saudi Arabia totaled $1.54 billion last year and $491.89 million from January to April this year. The 2010 sum represents about 9 percent of all monies OFWs remitted.
The survey said that, from April to September last year, there were 2 million Filipino workers deployed all over the globe.
“The sheer volume of workers working temporarily overseas indicates the lack of employment opportunities and suggests that domestic investments and entrepreneurship are being held back,” according to the National Economic and Development Authority (NEDA) via the Philippine Development Plan 2010-2016 of the Aquino Administration.