The EU residents personal transfer payment balance

Personal transfers in the EU Amounts sent to non-EU countries by EU residents down at EUR 30.3 billion in 2016 Amounts received from non-EU countries at EUR 9.9 billion

In 2016, flows of money sent by residents of the European Union (EU) to non-EU countries, referred to as personal transfers, amounted to EUR30.3 billion, compared with EUR31.3 bn in 2015. As inflows to the EU totalled EUR9.9 bn in 2016, this resulted in a negative balance (-EUR20.4 bn) for the EU 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 surpluses in personal transfers in Poland and Portugal, largest deficit in France

Among Member States for which data are published, the outflows of personal transfers  in 2016 were highest   from France (EUR 10.0 billion), followed by the United Kingdom (EUR7.1 bn), Spain (EUR 6.8 billion – see country note) and Italy (EUR 6.2 billion). In contrast, the highest inflows were recorded in Portugal (EUR 3.3 billion) and Poland (EUR 3.0 billion), ahead of the United Kingdom (EUR 2.5 billion) and Romania (EUR2.4 billion). As a result, the largest surpluses in personal transfers were registered in 2016 in Poland and Portugal (both +EUR2.8 billion) and Romania (EUR +2.2 billion), while France (EUR -9.4 billion) recorded by far the largest deficit,    followed by the United Kingdom (EUR -4.6 billion), Germany (EUR -4.2 billion) and Italy (-EUR 4.0 billion).

Highest proportion of intra-EU inflows and outflows in Slovakia, of extra-EU inflows in France and extra-EU outflows in Slovenia

In 2016, the highest shares of inflows from other EU Member States among total inflows were recorded in Slovakia (99 %), Luxembourg and Hungary (both 94 %) and Poland (88 %). On the contrary, extra-EU inflows accounted for about three-quarters of total inflows in France (74 %), and for about two-thirds in Italy (66 %) and Belgium (63 %).

Slovakia (97 %), Luxembourg (92 %) and Ireland (79 %) were the Member States that recorded the highest proportion of intra-EU outflows in total outflows. For extra-EU outflows, the largest shares were observed in Slovenia (86 %), the Netherlands (83 %), Portugal (81 %), France (75 %) and Italy (74 %).