OREANDA-NEWS. December 11, 2015. In 2014, flows of money sent by residents of the European Union (EU) to a non-EU country, referred to as personal transfers, amounted to €29.3 billion, compared with €28.7 bn in 2013.

As inflows to the EU totalled €11.0 bn in 2014, this resulted in a negative balance (-€18.3 bn) for the EU with the rest of the world.

The majority of personal transfers consist of flows of money sent by migrants to their country of origin.