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PRESS RELEASE (UK): Global Expatriates Size Segmentation and Forecast for the Worldwide Market
PRESS RELEASE (UK): Global Expatriates Size Segmentation and Forecast for the Worldwide Market
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PRESS RELEASE (UK): Global Expatriates Size Segmentation and Forecast for the Worldwide Market

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UK expatriates resident overseas numbered around 1.16 million in 2013 while there were around 1.19 million foreign expatriates in the UK – a net difference of just 30,000. …

UK expatriates resident overseas numbered around 1.16 million in 2013 while there were around 1.19 million foreign expatriates in the UK – a net difference of just 30,000.

London, 29 January 2014 - According to a new research report published by Finaccord, the UK 'exports' nearly as many expatriates of its own as it 'imports' from other countries. Defining expatriates as individuals who establish their residence in the territory of another country for a temporary period that is, or is expected to be, of at least 12 months and a maximum of five years, Finaccord has calculated that there were around 1.19 million expatriates from other countries living in the UK in 2013 as opposed to around 1.16 million UK expatriates in other countries, a net difference of approximately 30,000.

However, looking in detail at who these expatriates are shows that there are some significant variations between these 'exported' and 'imported' expatriates. 58.3% of UK expatriates residing abroad are classified as individual workers, 23.5% as retired expatriates, 4.6% as students and 4.0% as corporate transferees with the balance of other expatriates (defined as non-employed spouses and children) making up the residual 9.5%. In contrast, foreign expatriates living in the UK break down between individual workers at 46.4%, students at 38.4%, corporate transferees at 5.1%, retired expatriates at 3.1% and others (defined as before) at 7.1%.

Thus, foreign students in the UK greatly outnumber UK students at educational institutions overseas, while retired expatriates from the UK living overseas constitute a much larger group than retired foreigners living as expatriates in the UK.

"Global mobility has increased significantly over the past decade and expatriates constitute a large and diverse market", comments Tobias Schneider, a Consultant at Finaccord. "With regards to the UK, our research establishes a number of facts, some of which often risk getting lost amid politically-motivated debate about immigration. These include: that the UK is probably the most open country in the world in terms of flows both in and out; that the UK is the largest 'exporter' of expatriates in the EU and one of the largest in the world; and that other major western European countries – France, Germany, Italy and Spain – all 'import' a lot more expatriates than they 'export'."

Across outbound countries investigated (i.e. expatriates countries of origin), expatriates from India represented the largest group of expatriate residents in the UK in 2013, followed by those from Poland and China. Note that non-expatriate immigrants in the UK numbered around 6.63 million in 2013 meaning that expatriates accounted for about 15.2% of the UK's total immigrant population in that year. Meanwhile, across inbound countries researched (i.e. destination countries) the largest group of UK expatriates resided in Australia in 2013, followed by those in Spain and the UAE.

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  • 1. PRESS RELEASE Global Expatriates: Size, Segmentation and Forecast for the Worldwide Market UK expatriates resident overseas numbered around 1.16 million in 2013 while there were around 1.19 million foreign expatriates in the UK – a net difference of just 30,000 London, 29 January 2014 - According to a new research report published by Finaccord, the UK 'exports' nearly as many expatriates of its own as it 'imports' from other countries. Defining expatriates as individuals who establish their residence in the territory of another country for a temporary period that is, or is expected to be, of at least 12 months and a maximum of five years, Finaccord has calculated that there were around 1.19 million expatriates from other countries living in the UK in 2013 as opposed to around 1.16 million UK expatriates in other countries, a net difference of approximately 30,000. However, looking in detail at who these expatriates are shows that there are some significant variations between these 'exported' and 'imported' expatriates. 58.3% of UK expatriates residing abroad are classified as individual workers, 23.5% as retired expatriates, 4.6% as students and 4.0% as corporate transferees with the balance of other expatriates (defined as non-employed spouses and children) making up the residual 9.5%. In contrast, foreign expatriates living in the UK break down between individual workers at 46.4%, students at 38.4%, corporate transferees at 5.1%, retired expatriates at 3.1% and others (defined as before) at 7.1%. Thus, foreign students in the UK greatly outnumber UK students at educational institutions overseas, while retired expatriates from the UK living overseas constitute a much larger group than retired foreigners living as expatriates in the UK. "Global mobility has increased significantly over the past decade and expatriates constitute a large and diverse market", comments Tobias Schneider, a Consultant at Finaccord. "With regards to the UK, our research establishes a number of facts, some of which often risk getting lost amid politicallymotivated debate about immigration. These include: that the UK is probably the most open country in the world in terms of flows both in and out; that the UK is the largest 'exporter' of expatriates in the EU and one of the largest in the world; and that other major western European countries – France, Germany, Italy and Spain – all 'import' a lot more expatriates than they 'export'." Across outbound countries investigated (i.e. expatriates countries of origin), expatriates from India represented the largest group of expatriate residents in the UK in 2013, followed by those from Poland and China. Note that non-expatriate immigrants in the UK numbered around 6.63 million in 2013 meaning that expatriates accounted for about 15.2% of the UK's total immigrant population in that year. Meanwhile, across inbound countries researched (i.e. destination countries) the largest group of UK expatriates resided in Australia in 2013, followed by those in Spain and the UAE. "By 2017, Finaccord forecasts that foreign expatriates living in the UK will have reached around 1.30 million while UK expatriates abroad will number approximately 1.21 million, meaning that the net difference will have widened to almost 90,000", concludes Tobias Schneider. "Nevertheless, much of the growth in expatriates resident in the UK will be due to overseas students. Indeed, this strong inflow of foreign students means that higher education in the UK receives more funding from overseas than that of any country in the world apart from the US, which must surely be beneficial to the UK economy." --- END ---
  • 2. Media contact: Roberto Napolitano, +44 (0)20 3008 4406, rnapolitano@finaccord.com Finaccord is a market research, publishing and consulting company specialising in financial services. It provides its clients with insight into and information about major issues in financial services in the UK, Europe and globally, with a particular focus on marketing and distribution topics such as affinity marketing, bancassurance and strategic alliances. Global Expatriates: Size, Segmentation and Forecast for the Worldwide Market is a report and interactive ExpatriateBASE™ dataset that provides an overview of the size and segmentation of the global expatriate population. Including data rounded up for the world as a whole, this is based primarily on a detailed analysis for 30 inbound and 25 outbound countries, selected on the basis of their economic importance and significance in the context of the expatriate market. Sample graphic from the research, showing the total expatriate population in the UK and the UK expatriate population residing abroad in 2013, respectively, segmented by purpose. Note that Finaccord defines expatriates as individuals who establish their residence in the territory of another country for a temporary period that is, or is expected to be, of at least 12 months and a maximum of five years, having previously been resident in another country. Meanwhile, the total immigrant population is defined as the total of all individuals resident in a country other than their country of current residence regardless of the duration and purpose of their stay. However, note that the definitions of immigrants as reported in statistics compiled by the UN (United Nations) can vary. Graphic 1: foreign expatriates living in the UK and UK expatriates living abroad, segmented by purpose, 2013 Individual workers Corporate transferees Retired Students Other Million 1,400 1,200 1,000 800 600 400 200 0 Foreign expatriates living in the UK Source: Finaccord ExpatriateBASE UK expatriates living abroad

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