Croatia sees EUR 679M surplus in personal transfers in 2014

The biggest surplus in the balance of personal transfers in the European Union's member-states in 2014 was registered by Portugal, (3.6 billion euros), and Croatia had also a surplus of 679 million euros, while the largest deficit of EUR 8.9 billion was made by France, according to the EU statistical office, Eurostat.

"In 2014, flows of money sent by residents of the European Union (EU) to a non-EU country, referred to as personal transfers, amounted to EUR 29.3 billion, compared with EUR28.7 bn in 2013. As inflows to the EU totalled EUR 11.0 bn in 2014, this resulted in a negative balance (-EUR18.3 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," Eurostat reported on Wednesday.

"Among Member States for which data are published, the outflows of personal transfers in 2014 were highest from France (EUR9.4 bn), followed by the United Kingdom (EUR6.8 bn), Italy (EUR6.5 bn) and Spain (EUR5.9 bn)."

"In contrast, the highest inflows were recorded in Portugal (EUR4.8 bn), ahead of Poland (EUR2.8 bn), the United Kingdom (EUR2.4 bn), Italy (EUR2.1 bn) and Romania (EUR2.0 bn).

In Croatia, the inflows in personal transfers were EUR 870 million, and the outflows came to EUR 191 million, as a result of which the surplus came to EUR 679 million.

Last update: Thu, 10/12/2015 - 12:35

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