EU residents sent €34.1 billion in 2020 to non-EU countries

By Larry John Brown

Published: December 14, 2021 | 5:59 PM GMT

EU residents sent €34.

1 billion in 2020 to non-EU countries

BRUSSELS, 14th December, 2021 – In 2020, flows of money sent by residents of the EU to non-EU countries, referred to as personal transfers, amounted to €34.

1 bn, a 3% increase compared with €33.

2 bn in 2019, according to Eurostat.

The majority of personal transfers consist of flows of money sent by migrants to their country of origin.

Inflows to the EU totalled €12.

0 bn, a 6% decrease compared with the €12.

8 bn registered in 2019.

The extra-EU outflows have maintained a growing trend since 2015, having increased by 33% since that year.

But, as the inflows have remained constant, this has resulted in an increased negative balance of €22.

1 bn for the EU vis-á-vis non-EU countries in 2020, Eurostat noted.

About Larry John Brown

Larry John is a talented writer and journalist based in New York, USA. He is a valued contributor to TDPel Media, where he creates engaging and informative content for readers. Larry has a keen interest in current events, business, and technology, and he enjoys exploring these topics in-depth to provide readers with a comprehensive understanding of the issues. His writing style is characterized by its clarity, precision, and attention to detail, which make his articles a pleasure to read. Larry’s passion for storytelling has earned him a reputation as a skilled writer and a respected authority in his field.