The 2014 Global Slavery Index (GSI), in its second annual report, said new methods showed some 20 percent more people were enslaved across the world than originally thought.
“There is an assumption that slavery is an issue from a bygone era. Or that it only exists in countries ravaged by war and poverty,” said Andrew Forrest, Chairman of the Australian-based Walk Free Foundation which produced the report, AFP reported.
The foundation’s definition of modern slavery includes slavery-like practices such as debt bondage, forced marriage and the sale or exploitation of children, as well as human trafficking and forced labour.
The report, which covers 167 countries, said modern slavery contributed to the production of at least 122 goods from 58 countries.
The International Labour Organization (ILO) estimates profits from this forced labour are $150 billion (120 billion euros) a year.