10 States sending most money to Kosovo

Germany is the state where Kosovars mostly send money, then rank Switzerland and the United States of America with diaspora remittances. But one problem for diaspora remittances is their means of spending, which mainly goes into consumption.

According to the Kosovo Central Bank (BQK), about 40 percent of remittances are sent to the country from Germany.

The “Remits accepted in Kosovo during 2017 marked the value of 759.3m euros. From Germany there have been 39.4 percent of them, followed by Switzerland at 21.8 percent, the United States at 7.1 percent, Italy at 4.5 percent, France at 4.3 percent, Austria at 3.7 percent, Sweden at 3.5 percent, Belgium at 2.6 percent, England at 2.5 percent, and Norway at 1.7 percent”, says BQ's monthly statistical journal.

From data from the world's remittances map presented by PEW Research Center, over a billion dollars of remittances have been sent to Albania last year.

Greece is the state from which Albania receives the most remittances worth $433m. Second place is Italy with $332 million. In both countries, over one million immigrants are estimated to live and work, and from these two countries have come over 80 percent of total remittances, records albinfo.ch.

Third place is the United States with $77m and then ranks Germany with 37m.

According to World Bank data, the world estimates that over $574 billion was sent from immigrants to relatives.

“Nepal has received about $6.6 billion in remittances, equivalent to 31.3 percent of the Bruto Internal Product, followed by Kyrgyzstan, which received two billion remittances, equivalent to 30.4 percent of the Brto and Tajkistan Interior Product, has received about $1.9 billion equal to 26.9 percent of the Bruto Interior Product. Outdoor remittances also equal more than a quarter of the Bruto Internal Product for Haiti and Liberia. In nine other countries they were equivalent between 15 percent and 25 percent of the Brto” internal product, the World Bank report reports.

Top-10

Germany

Switzerland

United States of America

Italy

France

Austria

Sweden

Belgium

England

Norway.