12 Dec 2013
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December 12, 2013 admin

Read Full report:Nearly $6 Trillion Stolen from Developing Countries in Decade between 2002 and 2011,India 5th largest exporter of illicit money between 2002-11

Dr. Kar and Mr. LeBlanc’s research tracks the amount of illegal capital flowing out of 150 different developing countries over the 10-year period from 2002 through 2011, and it ranks the countries by the volume of illicit outflows. According to the report, the 25 biggest exporters of illicit financial flows over the decade are:

  1. China ………………………. US$107.56 billion average ($1.08 trillion cumulative)
  2. Russia……………………………………. US$88.10 billion avg. ($880.96 billion cum.)
  3. Mexico …………………………………… US$46.19 billion avg. ($461.86 billion cum.)
  4. Malaysia ……………………………….. US$37.04 billion avg. ($370.38 billion cum.)
  5. India ………………………………………. US$34.39 billion avg. ($343.93 billion cum.)
  6. Saudi Arabia………………………….. US$26.64 billion avg. ($266.43 billion cum.)
  7. Brazil …………………………………….. US$19.27 billion avg. ($192.69 billion cum.)
  8. Indonesia ………………………………. US$18.18 billion avg. ($181.83 billion cum.)
  9. Iraq ………………………………………… US$15.76 billion avg. ($78.79 billion cum.)1
  10. Nigeria ………………………………….. US$14.23 billion avg. ($142.27 billion cum.)
  11. Thailand ……………………………….. US$14.09 billion avg. ($140.88 billion cum.)
  12. United Arab Emirates ………….. US$11.46 billion avg. ($114.64 billion cum.)2
  13. South Africa …………………………… US$10.07 billion avg. ($100.73 billion cum.)
  14. Philippines ………………………………… US$8.89 billion avg. ($88.87 billion cum.)
  15. Costa Rica ………………………………… US$8.06 billion avg. ($80.65 billion cum.)
  16. Belarus ……………………………………… US$7.51 billion avg. ($75.09 billion cum.)
  17. Qatar ……………………………………….. US$6.28 billion avg. ($62.82 billion cum.)2
  18. Poland ………………………………………. US$4.94 billion avg. ($49.39 billion cum.)
  19. Serbia ……………………………………….. US$4.94 billion avg. ($49.37 billion cum.)
  20. Chile ………………………………………….. US$4.52 billion avg. ($45.20 billion cum.)
  21. Paraguay …………………………………… US$4.01 billion avg. ($40.12 billion cum.)
  22. Venezuela …………………………………. US$3.90 billion avg. ($38.97 billion cum.)
  23. Brunei ………………………………………. US$3.84 billion avg. ($38.37 billion cum.)2
  24. Panama …………………………………….. US$3.81 billion avg. ($38.09 billion cum.)
  25. Turkey ……………………………………….. US$3.73 billion avg. ($37.28 billion cum.)

 Read full report

http://www.gfintegrity.org/content/view/667/70/

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