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European countries with largest net transfer from emigrants in 2016

Poland is leader within the European Union (EU) for net transfer from emigrants in 2016, according to data from the European Statistical Office Eurostat. The Polish emigrants sent 2.822 billion EUR of capital to their relatives in the country last year.

The second is Portugal with 2.809 billion EUR and third is Romania with 2.236 billion EUR.

Bulgaria is on the fourth position in the list of countries with largest net transfer from emigrants in 2016. Bulgarian emigrants sent 869 million EUR to their relatives in the country last year. This includes 552 million EUR from EU countries and 317 million EUR from non-EU countries. At the same time, 9 million EUR have been sent from Bulgaria to other countries. Of these, 3 million EUR are within the EU, and the remaining 6 million EUR to third countries. This makes the country to receive net amount of 860 million EUR last year from abroad.

Fifth is Lithuania with 666 million EUR.

The largest net donor of funds within the EU is France with 9.42 billion EUR of flying capital. The vast majority of them, or about 7.512 billion EUR, were sent by immigrants in France to their native countries outside the EU.

Britain is the second largest net donor in the EU with 4.632 billion EUR, but there is no indication of how much of the sum is being transferred within the EU and what it is for third countries.

Slovakia, Luxembourg, Hungary, Poland and Ireland are the countries with the largest share of intra-EU transactions.

About Orsolya Harkai

Orsolya Harkai is 24 year-old girl from Finland. She is writer and journalist in Finance Apprise Journal, who will present you latest economy and stock exchange news, mostly from Europe, Asia and North America.

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