Personal money transfers: Which EU country sends the most outside the bloc? 😊

Personal money transfers: Which EU country sends the most outside the bloc? 😊

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Personal money transfers: Which EU country sends the most outside the bloc?
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The amount of money sent from the EU to outside countries has increased significantly, reaching €50bn in 2023, while money received by EU residents remained stable at €14bn. Eastern European countries, particularly Serbia, have a positive balance, while France, Spain, and Germany have negative balances. The US is the largest source of remittances, which are crucial for low and middle-income countries, with Latin America and the Caribbean seeing the highest growth in remittance flows.

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