Overseas contract workers (OCWs), also known as overseas Filipino workers (OFWs), are Philippine citizens who work abroad, under contract, for a set amount of time. These jobs offer an opportunity for higher wages from countries due to favorable exchange rates when spent in the Philippines. In addition, the Philippine government has encouraged this exportation of labor with incentives for OFWs (discount housing, etc.), thus creating one of the biggest diaspora populations today at around 11 million.