Foreign workers' remittances

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The data on foreign workers' remittances report the transfers of money sent abroad by foreign workers by means of payment institutions or other authorized intermediaries without using bank accounts (settlement in cash).

Published data are updated quarterly; since 2016 data are available on a quarterly basis with the breakdown by receiving foreign country; on an annual basis they are available with the additional detail of the Italian province where the sender is located.

Data

Foreign workers' remittances sent abroad in the second quarter of 2024

In the second quarter of 2024, workers' remittances sent abroad by foreign residents in Italy increased by 1.8 percent compared to the same period of the previous year. The most significant increases were recorded in flows to Asian countries (+5.5 percent), Central and South America (+5.4 percent), and North Africa and the Middle East (+4.3 percent), which more than offset the decline in flows to Sub-Saharan Africa (-8.0 percent) and European Union countries (-7.1 percent; table 1).

Based on the four quarters ending in June 2024, the three main recipient countries were again Bangladesh, Pakistan, and Philippines, which absorbed respectively 15.1, 8.0, and 7.1 per cent of total outgoing flows (Table 2).

Table 1: Workers' remittances sent abroad from Italy

(millions of euros, percentage changes, percentage points)

Table 1

Table 2: Shares of the ten largest recipients of workers' remittances from Italy

(percentage shares)

Table 2