Workers' remittances paid reached 110,856 USD mil in 2017 in European Union, according to the National Statistical Office. This is 7.90 % more than in the previous year.
Historically, workers' remittances paid in European Union reached an all time high of 110,856 USD mil in 2017 and an all time low of 337 USD mil in 1970. When compared to European Union's main peers, workers' remittances paid in China amounted to 16,178 USD mil, 5,283 USD mil in Japan, 20,610 USD mil in Russia and 67,964 USD mil in USA in 2017.
European Union has been ranked 2nd within the group of 142 countries we follow in terms of workers' remittances paid.
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by non-resident workers.