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

Outgoing workers' remittances in the third quarter of 2023

In the third quarter of 2023, remittances sent abroad from Italy decreased by 0.7 per cent, compared with the same period of 2022 (Table 1). The fall was driven mainly by the flows towards Sub-Saharan African countries, and to a lesser extent by the flows towards EU countries and Asia (excluding Near East). However, remittances to Northern Africa and Near East remained substantially stable and those to the rest of the world increased.

Based on the four quarters ending in September 2023, the three main recipient countries were again Bangladesh, Pakistan, and Philippines, which absorbed respectively 14.2, 8.3, and 7.6 per cent of total outgoing flows (Table 2).

Table 1: Italy's remittance outflows

(Millions of euros, percentage changes, percentage points)

Table 1

Table 2: Shares of the ten largest recipients of Italy's outgoing remittances

(Four-quarter averages; percentage shares)

Table 2