Remittances from the EU down for the first time

Eurostat has recently started to collect and disseminate data related to the flows of household income generated by the permanent or temporary movement of people to other countries. Eurostat’s paper highlights the main characteristics of the new data set, which includes data on workers` remittances and compensation of employees.

In 2009, outflows of workers` remittances reached €29.6 billion. However, this figure represents a fall of 4% compared to 2008 and the first decline after a long period of continuous remittance growth.

You can download the full paper HERE.