Countries in Europe with most outgoing remittances, by receiving region 2021
The top 20 remittance-sending countries in Europe in 2021 account for 92 percent of the total outflow to receiving countries within Europe and other regions. Remittances from these 20 countries ranged from two billion U.S. dollars to 37 billion U.S. dollars, with Germany and the United Kingdom each accounting for roughly 14 percent of Europe's outflow. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about one in seven people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. Europe's outgoing payment flow largely does not go to these regions but goes towards Central and Eastern Europe.
