Romania ranks third among EU Member States regarding the largest surpluses in personal transfers registered in 2014, namely +EUR 1.6 billion, being surpassed by Portugal (+ EUR 3.6 billion) and Poland (+ EUR 2.6 billion), according to Eurostat data, the statistical office of the European Union, released on Wednesday. Thus, Romania recorded one of the highest inflows – EUR 2 billion, behind Portugal (EUR 4.8 billion), Poland (EUR 2.8 billion), the United Kingdom (EUR 2.4 billion), Italy (EUR 2.1 billion)
In contrast, France (- EUR 8.9 billion) recorded by far the largest deficit, followed by Italy (- EUR 4.5 billion), the United Kingdom (- EUR 4.4 billion) and Germany (- EUR 3.5 billion).
The outflows of personal transfers in 2014 were highest from France (EUR 9.4 billion), followed by the United Kingdom (EUR 6.8 billion), Italy (EUR 6.5 billion) and Spain (EUR 5.9 billion).
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 EUR 28.7 billion in 2013. As inflows to the EU totalled EUR 11 billion in 2014, this resulted in a negative balance (- EUR 18.3 billion) 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.