Data from the Italian bank indicate that remittances sent by Italian immigrants to their countries of origin in 2021 totaled 7.7 billion euros, a figure found in a regular study conducted by the Leone Moressa Foundation. This is a recent peak, not the peak, but close to the all-time high: 8 billion euros in 2011. Remittances in 2021 increased by 12.2% compared to the previous year and by 46.3% compared to 2016. The foundation report states: Migrant remittances have been growing since 2017.
Ranking first for migrant remittances is Asia, with the first destination country being Bangladesh with 873 million euros (equivalent to 11.3% of the total). Followed by Pakistan with 597 million euros, and Philippines in third place with 591 million euros. On the other hand, euro remittances flowing to Eastern Europe dropped significantly, and the order of decline was Romania (-8.5%), Ukraine (-8.0%) and Moldova (-7.3%). The Leone Moressa Foundation reported that the reopening of border crossings closed due to the epidemic has led to more Eastern European migrants taking road trips to bring gifts or money to their families.
According to the study, another change in remittance data compared to a decade ago is that the nationalities of remittance migrants have become more dispersed. In 2011, 70% of remittances were concentrated in 7 countries. The top seven countries accounted for just over 50% of remittances in 2021, with no country exceeding 12%.
According to researchers at the Leone Moressa Foundation, “Remittances are the first form of support for migrants in their countries of origin. Even in the year of the pandemic, despite declining employment, migrants continued to send remittances home, with flows even increased".
Another interesting figure concerns remittances per capita: each of the 5.2 million foreign residents sends an average of 125 euros per month to his or her home country. Looking at the top 20 foreign communities currently in Italy, the average Bangladeshi citizen is €460. Senegal is the second most active country with an average of 370 euros per person per month. In general, the Asian community is on average very active: in addition to Bangladesh, India, the Philippines and Pakistan also send on average more than 200 euros per month.
Among the Italian regions, ranked according to the amount of remittances sent abroad, Lombardy stands out, accounting for more than a fifth of the total migrant remittances: 1.75 billion euros. The second-ranked region is Lazio with 1.13 billion euros, and Emilia-Romagna is third with nearly 791 million euros. This is followed by Veneto (€635.6 million) and Tuscany (€607 million). At the bottom of the ranking are Basilicata (32.6 million euros), Molise (11.8 million euros) and Valle d'Aosta (9.5 million euros).
Arranged by province, Rome surpassed Milan (€859.8 million) with 964.6 million euros, and nearly a quarter of Italian remittances come from these two cities. It is followed by Naples (363.6 million euros) and Torino (268.1 million euros).
When you see this, you may have a question: Huh? How come after looking at it for a long time, there is no name of "Chinese Traveling in Italy"? Don’t they all send money home? The editor of
checked the information and the data showed that before 2012, that is, before the record year of remittances in 2011, overseas remittances by Chinese in Italy always ranked first in the ranking of overseas remittances for immigrants. In 2011 and 2012, the total amount of overseas remittances by Chinese in Italy was about 2.7 billion euros respectively; in 2013, the total amount of overseas remittances by Chinese people fell for the first time, and has been showing a downward trend since then; in 2018, the total amount of overseas remittances by Chinese in Italy was only 21 million euros, and the ranking dropped. To the 38th place.
Therefore, in the 2021 statistics, it is not surprising that there are no Chinese "figures" in the immigrant remittance rankings.
So here comes the question: Don’t Italian Chinese remit any money? Or is it that you don’t earn enough to spend?
