{"id":326319,"date":"2025-12-20T11:02:11","date_gmt":"2025-12-20T11:02:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/326319\/"},"modified":"2025-12-20T11:02:11","modified_gmt":"2025-12-20T11:02:11","slug":"malta-tops-eu-for-gdp-share-sent-abroad-in-migrant-transfers","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/326319\/","title":{"rendered":"Malta tops EU for GDP share sent abroad in migrant transfers"},"content":{"rendered":"<p>Almost 3% of Malta\u2019s GDP left Malta in personal transfers to non-EU countries in 2024, reflecting funds sent home by migrants living in Malta, according to new EU data published this week.<\/p>\n<p>The data shows that, last year, people living in Malta sent \u20ac649 million to non-EU countries, while receiving just \u20ac8.5 million from outside the EU.<\/p>\n<p>This resulted in a deficit of \u20ac640.6 million, roughly 2.8% of Malta\u2019s GDP, a figure which eclipses all other EU countries.<\/p>\n<p>Cyprus trailed Malta in second, with a balance of 0.9% of its GDP flowing out of Europe, a third of Malta\u2019s balance.<\/p>\n<p>Personal transfers refer to money transferred between one household and another, typically reflecting payments sent by migrants living in a country to their families back home.<\/p>\n<p>Likewise, Malta\u2019s high outflows reflect its growing reliance on migrant workers, many of whom send a significant portion of their earnings to their families abroad.<\/p>\n<p>Malta\u2019s migrant workforce has continued to grow in recent years, with more than <a href=\"https:\/\/timesofmalta.com\/article\/how-foreign-workers-driving-maltese-industries.1081028\" target=\"_blank\" rel=\"noopener nofollow\">one in three<\/a> workers in Malta now being foreign, although there have been signs of a <a href=\"https:\/\/timesofmalta.com\/article\/malta-migration-statistics-drop-2024-population-boom-tcn.1112953\" target=\"_blank\" rel=\"noopener nofollow\">slowdown<\/a> in the arrival of third-country nationals since last year.<\/p>\n<p>Measures to slow down turnover of migrant workers and <a href=\"https:\/\/timesofmalta.com\/article\/unveiled-malta-plan-regulate-foreign-workers-curb-abuse.1103423\" target=\"_blank\" rel=\"noopener nofollow\">crack down<\/a> on exploitative employers came into effect earlier this year.<\/p>\n<p>Several other EU countries find themselves in a similar situation to Malta, seeing a portion of the wealth they generated leave the EU.<\/p>\n<p>Most EU countries recorded a deficit in their balance, indicating that\u00a0residents were sending more money to non-EU countries than they were receiving. Only nine countries recorded a surplus, with Croatia leading the way at 2.6% of its GDP.<\/p>\n<p>Across the bloc, people living within the EU sent \u20ac52.1 billion worth of personal payments out of the EU in 2024, 6% higher than the previous year. Meanwhile, only \u20ac14.8 billion in transfers travelled the other way.<\/p>\n<p>According to Eurostat, money flowing out of the EU has surged in recent years, rising by 51% since 2020, with inflows rising at a far slower pace, at 26% over the same period.\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Almost 3% of Malta\u2019s GDP left Malta in personal transfers to non-EU countries in 2024, reflecting funds sent&hellip;\n","protected":false},"author":2,"featured_media":326320,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-326319","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/326319","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=326319"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/326319\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/326320"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=326319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=326319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=326319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}