Analytics, EU – Baltic States, Financial Services

International Internet Magazine. Baltic States news & analytics Tuesday, 21.11.2017, 13:48

The biggest difference between incoming and outgoing transfers in 2016 was in Poland

BC, Riga, 14.11.2017.Print version
Latvian residents in 2016 received by EUE 173 million more in personal transfers from people living in other countries than they transferred abroad, according to Eurostat data published on November 13th. Eurostat data show that the biggest difference between incoming and outgoing transfers last year was in Poland (+EUR2.822 billion), informs LETA.

Eurostat data show that in 2016 Latvian residents received EUR 494 million in personal transfers from residents of other countries, including EUR 249 million from residents of other EU member states, and EUR 245 million from non-EU residents.

 

Meanwhile, Latvian residents transferred EUR 321 million to residents of other countries, including EUR 194 million to residents of other EU member states and EUR 127 million to residents outside the bloc.

 

Eurostat data show that the biggest difference between incoming and outgoing transfers last year was in Poland (+EUR2.822 billion), followed by Portugal (+EUR 2.809 billion), and Romania (+EUR 2.236 billion). Lithuania showed a difference of +EUR 666 million, and Estonia had + EUR 65 million.

 

Lithuanian residents last year received EUR 1.092 billion from abroad, including EUR 500 million from EU member states and EUR 591 million from other countries. Meanwhile, residents of other countries received EUR 425 million from Lithuania – EUR 154 million went in personal transfers to other EU member states, and EUR 272 million to non-EU countries.

 

Estonian residents, meanwhile, received EUR 112 million from residents of other countries, including EUR 83 million from other EU countries, and EUR 29 million from non-EU countries. Estonian residents transferred EUR 46 million to residents of other countries, including EUR 29 million to other EU countries, and EUR 17 million to non-EU countries.

 

The biggest difference between outflow and inflow was registered in France (-EUR 9.420 billion), followed by the UK (-EUR 4.632 billion), and Germany (-EUR 4.209 billion).

 

In total EU residents made personal transfers outside the bloc at EUR 24.064 billion, and received EUR 42.476 billion from other countries, which means that the balance was negative at –EUR18.4 billion.

 

Data about Denmark, Malta and Spain were not available, while Portugal’s data refer only to transfers of employees.

 






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