Remittances from OFWs in UK continue to top European OFW remittances.
From January to May 2011, the first 5 months of the year, OFW remittances from the UK surpassed US$ 382 million, accounting for nearly 27 percent of all European remittances and almost 5 percent of the total OFW remittances from around the world in the first 5 months of 2011.
The second highest remittance total came from Italy: a total of US$ 242.41 million.
Rank Country | Remittance | Up/Down | Sea/Land |
In Million US$ | |||
1. United Kingdom | 382.35 | 8.7 % | land |
2. Italy | 242.41 | 3.0 % | land |
3. Germany | 194.48 | 1.5 % | sea/land |
4. Norway | 180.30 | 29.5 % | sea |
5. Greece | 113.38 | 29.9 % | sea |
6. Netherlands | 59.71 | 7.7 % | land |
7. Spain | 39.34 | 34.6 % | land |
8. Switzerland | 37.35 | 2.7 % | land |
9. Belgium | 23.08 | 51.7 % | land |
10. Denmark | 23.07 | 7.9 % | sea |
11. Cyprus | 21.04 | 15.8 % | sea |
12. Austria | 20.46 | 27.6% | land |
13. France | 18.88 | 4.1 % | land |
14. Sweden | 7.99 | -30.5 % | sea |
15. Ireland | 3.39 | -56.7 % | land |
16. Isle of Man | 1.48 | -26.2 % | land |
17. Finland | 1.97 | 163.4 % | sea |
18. Luxembourg | 1.35 | 10.4 % | land |
Rank Country | Remittance | Up/Down | Sea/Land |
In Thousand US$ | |||
19. Monaco | 985 | -6.6 % | sea |
20. Malta | 836 | 10.7 % | land |
21. Portugal | 678 | -48.2 % | land |
22. Liechtenstein | 503 | -22.4 % | land |
23. Russia | 311 | 28.5 % | land |
24. Turkey | 289 | 10.7 % | land |
25. Andorra | 240 | no previous | land |
26. Channel Islands | 203 | 298.0 % | land |
27. Gibraltar | 192 | 200.0 % | land |
28. Czech Republic | 189 | -45.8 % | land |
29. Kazakhstan | 178 | 89.4 % | land |
30. Azerbaijan | 125 | 101.6 % | land |
31. Hungary | 108 | 6.9 % | land |
32. Poland | 65 | -34.3 % | land/sea |
33. Iceland | 45 | -23.7 % | land |
34. Latvia | 27 | no previous | land |
35. Slovenia | 22 | -29.0 % | land |
36. Greenland | 20 | 566.7 % | land |
37. Croatia | 16 | -68.8 % | land |
38. Faeroe Island | 13 | 62.5 % | land |
39. Bulgaria | 11 | -89.5 % | land |
40. Romania | 4 | 33.3 % | land |
41. Ukraine | 1 | no previous | land |
42. Albania | 1 | -100 % | land |
Europe | 1.43 billion | 11.3 % | land |
From all around the world | 7.9 billion | 6.2 % | land |
* Up/Down — Comparison to Remittances in Jan-May 2010. In most countries, remittances increased; in some countries, money transfers decreased.
* Land/Sea — Whether more US$ came from land-based or sea-based workers. Many countries host both land-based and sea-based OFWs. In Germany and in Poland, the remittance amounts from sea-based and land-based are almost the same.
* The highest rate of increase in remittance were posted by OFWs in Greenland and Channel Islands.
* The biggest drop in remittance occurred in Albania.
* For the biggest sources, the highest rate of increase in remittances were posted by OFWs in Finland, Belgium and Spain. The biggest drops occurred in Ireland and Sweden.
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