Eurostat News Release: Personal transfers in the EU28 – Amounts sent abroad by EU residents dropped to €28.3 bn in 2013 – EU28 balance in deficit by €18.0 bn, 09 Ιανουαρίου 2015.
In 2013, flows of money sent by EU28 residents to a non-EU country, referred to as personal transfers, amounted to €28.3 billion, while inflows to the EU28 totalled €10.3 bn. This resulted in a negative balance (-€18.0 bn) for the EU28 with the rest of the world. The majority of personal transfers consist of flows of money sent by migrants to their country of origin.
This News Release, issued by Eurostat, the statistical office of the European Union, presents annual data on personal transfers collected within the framework of Balance of Payments statistics.
Largest surplus in personal transfers in Portugal, largest deficit in France
Among Member States for which data are published, the outflows of personal transfers in 2013 were highest in France (€8.9 bn), Italy (€6.7 bn) and the United Kingdom (€6.3 bn), while the highest inflows were recorded in Portugal (€5.0 bn), Poland (€2.8 bn), the United Kingdom (€2.3 bn), Romania (€2.1 bn) and Italy (€2.0 bn). As a result, the largest surpluses in personal transfers were registered in 2013 in Portugal (+€3.6 bn), Poland (+€2.6 bn) and Romania (+€1.8 bn), while France (-€8.4 bn), Italy (-€4.7 bn) and the United Kingdom (-€3.9 bn) recorded the largest deficits.
Highest proportion of extra-EU28 flows in Greece
In 2013, the highest shares of inflows from other EU Member States among total inflows were recorded in Luxembourg (99%), Sweden (87%) and Poland (86%). On the contrary, extra-EU28 inflows accounted for around three-quarters of total inflows in Greece (76%), the United Kingdom (75%) and France (74%). Luxembourg (90%) was by far the Member State that recorded the highest proportion of intra-EU28 outflows in total outflows, followed by Romania (68%), the Czech Republic and Sweden (both 61%) and Estonia (60%). For extra-EU28 outflows, the largest shares were observed in Greece (91%), Belgium and Slovenia (both 87%) and the United Kingdom (83%).