Last year migrant workers living in Europe sent home US$109.4 billion in remittances, providing a lifeline to more than 150 million people around the world, according to the new report “Sending Money Home: European flows and markets” by the International Fund for Agricultural Development (IFAD).

Last year migrant workers living in Europe sent home US$109.4 billion in remittances, providing a lifeline to more than 150 million people around the world, according to the new report “Sending Money Home: European flows and markets” by the International Fund for Agricultural Development (IFAD).

Remittances from Europe represent a quarter of remittances flows worldwide. Last year, the amount sent from migrant workers in the European Union’s 28 members states was comparable to the ODA sent by the EU to developing countries.

The typical amount sent from migrant workers ranged from $1,500 to $3,200 annually.

Click here to view the full report 

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