A examine by the Venice-based Fondazione Leone Moressa reviews that remittances final 12 months from Italy to immigrants’ house international locations rose to 7.7 billion {dollars}, a 12.2% improve on 2020.
Remittances final 12 months from Italy to immigrants’ house international locations to help their households rose to 7.7 billion greenback, nearing the height seen in 2011 at 8 billion. This was famous in a examine by Leone Moressa basis of Mestre in Venice on the idea of knowledge from Italy’s central financial institution.
The 2021 determine was a 12.2% improve on 2020 and a 46.3% one on 2016. It now accounts for 0.44% of the GDP.
Bangladesh high vacation spot nation
The high nation of vacation spot was Bangladesh, with 873 million (11.3% of the full), adopted by Pakistan and the Philippines. Down had been as a substitute flows in the direction of Eastern Europe, particularly as issues Romania (-8.5%), Ukraine (-8%), and Moldavia (-7.3%).
The reopening of borders appears to have led to extra journeys through land by migrants, who usually deliver items and cash with them once they go house.
During the lockdown, as a substitute, sending cash was the one strategy to help these left behind.
Figures from the examine
Comparing the distribution of remittances in 2021 with that of ten years in the past, a big change is seen: in 2011 there was much less fragmentation, with 70% of the remittances concentrated in the direction of solely seven international locations — and one third to a single nation. In 2021, as a substitute, the highest seven international locations accounted for simply over 50%, with none over 12%.
On common, every of the 5.2 million foreign-born residents in Italy despatched €125 per 30 days to their nation of origin.
Among the highest 20 overseas communities in Italy, the very best quantities had been seen amongst Bangladeshi nationals with €460 despatched again every month, adopted by Senegal with €370.
In basic, Asian communities are on common very addition to Bangladesh, folks from India, the Philippines, and Pakistan despatched a median of over €200 every to their nation of origin each month.
Over a fifth of the remittances had been from Lombardy (1.75 billion), adopted by Lazio with 1.13 billion, then the Emilia-Romagna, Veneto, and Tuscany areas with over €600 million despatched in 2021.
At the extent of the person provinces, barely more cash was despatched from Rome than Milan, which collectively account for a fourth of all remittances from Italy.
Following had been Naples and Turin with 364 million and 268 million.
Remittances from Italy up by 12% in 2021 & More Latest News Update
Remittances from Italy up by 12% in 2021 & More Live News
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Remittances from Italy up by 12% in 2021 & More News Today
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