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Written by SOT.COM.AL 23 Shkurt 2023
According to a map published by Eurostat, the amount of income that enters Albania mainly from immigrants is the largest amount in Europe in relation to the corresponding size of the country, reaching 6.7% of the Gross Domestic Product (GDP). Montenegro receives 6.1% of the GDP, while the data for Kosovo is missing.
2021 marked the highest level of remittances since 2013 when INSTAT reported the data, reflecting a revival in the emigration cycle, with new emigrants increasing remittances to their country of origin.
The most recent Eurostat data showed that Italy is the main source of emigrant remittances to Albania.
According to data from Eurostat for 2021, personal transfers from Italy were worth 279 million euros, or about 24.5% of the total. Shipments from Italy increased by 7.2% compared to 2020.
Meanwhile, Great Britain has been consolidating for years the second place in terms of the value of transfers to Albania. According to Eurostat, for 2021, the value of these remittances reached 206.5 million euros or 18.1% of incoming personal transfer flows. Growth in shipments from the UK was slower, at 1%, compared to 2020.
Albania received 1 billion euros in transfers to persons from European Union countries in 2021, Eurostat announced, which is mainly the money that immigrants in the EU send to their mother country.
According to a map published by Eurostat, this is the largest amount in Europe in relation to the corresponding size of the country, reaching 6.7% of the gross domestic product (GDP). Montenegro receives 6.1% of the GDP, while the data for Kosovo is missing.
2021 marked the highest level of transfers since 2013.