Outflows of 446 million euros from Cyprus – 33.2 billion from the EU

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Outflows of 466 million euros from Cyprus were announced by Eurostat, with the cash flow balance being negative by 220 million euros.

In Cyprus there were total inflows of € 246 million (€ 72 million within the EU and € 173 million outside the EU) and outflows totaling € 466 million (€ 180 million within the EU and € 286 million outside the EU), with a total negative balance of -220 million euros.

In 2019, remittances from European Union (EU) countries to non-EU countries, so-called personal transfers, amounted to € 33.2 billion, compared to € 30.8 billion in 2018, according to data published by Eurostat, Statistical Office of the European Union.

EU inflows totaled € 13.0 billion in 2019, compared to € 12.4 billion in 2018. This resulted in a negative balance (- € 20.2 billion) for the EU and the rest of the world . The majority of personal transfers consist of cash flows sent by migrants to their country of origin.

Among the Member States, the outflow of personal transfers in 2019 was higher than France (11.9 billion euros), followed by Spain (8.5 billion euros), Italy (6.7 billion euros), Germany (5 , EUR 4 billion) and Belgium (EUR 1.4 billion). By contrast, the highest inflows were recorded in Romania (€ 3.7 billion), ahead of Portugal (€ 3.6 billion), Poland (€ 3.0 billion) and Italy (€ 2.0 billion). ) and Croatia (EUR 1.9 billion).

As a result, the largest surpluses in personal transport were recorded in 2019 in Romania (+ 3.4 billion euros), Portugal (+ 3.2 billion euros) and Poland (+ 2.5 billion euros), while in France (- € 11.0 billion) recorded the largest deficit, followed by Germany (- € 5.4 billion), Italy (- € 4.7 billion) and Ireland (- € 1.3 billion). . euro)

In 2019, the highest shares of EU inputs among total personal transfer inputs were recorded in Slovakia (94%), Luxembourg (80%), Hungary (76%) and Sweden (70%).

By contrast, non-EU inflows accounted for about three quarters of total inflows to France (77%), Lithuania (73%) and Cyprus (70%), and to two thirds to Belgium and Italy (both 66 %). Luxembourg (70%), Slovakia (63%), Malta (62%), the Czech Republic and Finland (and 61%) were the Member States with the highest total outflows in the EU.

For outflows outside the EU, the largest shares were observed in Spain (93%), Poland (87%), Belgium (86%), Italy and Lithuania (both 85%), Portugal (84%) and in Greece (83%).

Personal transfers outside the EU were mainly directed to Asia and North Africa (both 20% of total outflows outside the EU), followed by non-EU countries (19%), South America (16%) and Central and South Africa (12%). .