According to the statistics of the European Union Statistics Office, Eurostat, the personal financial transfers of European Union (EU) residents to non-EU countries reached 50.9 billion euros in 2023, which shows an increase of 8% compared to 47.0 billion euros in 2022.
Publish dateSunday 15 December 2024 - 13:15
According to Amac News: Eurostat statistics also show that receipts to the European Union reached 13.9 billion euros, which is a 4% increase compared to 13.4 billion euros in 2022.
According to Eurostat, personal transfers include money flows that EU resident households send to non-resident households.
Over the past 5 years, outgoings of personal transfers have seen significant growth, increasing by 53%, while receipts have only grown by 11%. For this reason, the negative balance of the European Union compared to non-EU countries reached 37.0 billion euros in 2023.
In 2023, personal transfers led to surpluses for nine EU countries, as their receipts exceeded outflows. Among these countries, four reported surpluses of more than 1 percent of their gross domestic product (GDP): Croatia (2.9 percent of GDP), Bulgaria (1.5 percent), Portugal (1. 3 percent) and Romania (1.1 percent).
In contrast, Cyprus (-1.0 percent), Belgium (-0.7 percent), France (-0.6 percent), Greece and Spain (each -0.5 percent) had the largest deficits in personal transfers relative to output. They had their own gross domestic product.
According to Eurostat, personal transfers include money flows that EU resident households send to non-resident households.
Over the past 5 years, outgoings of personal transfers have seen significant growth, increasing by 53%, while receipts have only grown by 11%. For this reason, the negative balance of the European Union compared to non-EU countries reached 37.0 billion euros in 2023.
In 2023, personal transfers led to surpluses for nine EU countries, as their receipts exceeded outflows. Among these countries, four reported surpluses of more than 1 percent of their gross domestic product (GDP): Croatia (2.9 percent of GDP), Bulgaria (1.5 percent), Portugal (1. 3 percent) and Romania (1.1 percent).
In contrast, Cyprus (-1.0 percent), Belgium (-0.7 percent), France (-0.6 percent), Greece and Spain (each -0.5 percent) had the largest deficits in personal transfers relative to output. They had their own gross domestic product.
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Source : news agency wam
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