EU Accountability Report 2012 on Financing for Development

This Staff Working Document is the tenth in a series of annual progress reports drafted since 2003 for the purpose of assessing where the EU and its Member States stand in relation to their common commitments on financing for development, including aid effectiveness, aid for trade, fast-start climate finance and good governance in tax matters

EU remittances back on the increase in 2010

Eurostat 04/2012

International migration receives growing attention, as it has large implications for growth and welfare in both countries of origin and destination.

Remittances from the EU down for the first time in 2009, flows to non-EU countries more resilient

Eurostat has recently started to collect and disseminate data related to the flows of household income generated by the permanent or temporary movement of people to other countries.

Migrants sent 32 bn euro to their former country of residence in 2008

In the EU27, money sent by migrants to their former country of residence, usually referred to as workers’ remittances1, amounted to 31.8 bn euro in 2008, compared with 31.3 bn in 2007 and 19.4 bn in 2004. These figures include both intra-EU27 and extra-EU27 flows. The increase in workers’ remittances over recent years was mainly due to a sharp rise in extra-EU27 flows (from 11.5 bn in 2004 to 22.5 bn in 2008),while intra-EU27 flows rose less rapidly (from 7.9 bn to 9.3 bn).