In 2017, flows of money sent by residents of the European Union (EU) to non-EU countries, referred to as personal transfers, amounted to €32.7 billion, compared with €31.8 bn in 2016. Inflows to the EU totalled €10.7 bn in 2017, compared with €10.1 bn in 2016. This resulted in a negative balance (-€22.0 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.
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