Kosovo immigrants sent over 13 billion euros in their homeland in 14 years

 Immigrants living in different countries of the world continue to send millions of euros to Kosovo.

The data of the Central Bank and the World Bank show that 13.3 billion euros have been sent within 14 years.

They continue to be one of the main sources of financing family expenses in Kosovo. Since Kosovo's independence in 2008, their remittances have continued to increase, Monitor reports.

The data of the Central Bank of Kosovo and the World Bank show that 13.3 billion euros were sent within this period.

Kosovo immigrants sent over 13 billion euros in their homeland in 14 years
Chart of remittances by country in Kosovo
Where despite the COVID-19 pandemic, Kosovo emigration during 2020 sent around 1 billion euros.

In 2021, they sent 1 billion 143 million euros. Despite the measures of the COVID-19 pandemic, the value brought to our country is 163.9 million euros more than in 2020.

In the first five months of 2022, 445.4 million euros were sent, where the largest value in April at 108.1 million euros.

According to the remittance channels, CBK says that 278 million euros were transferred through the first remittance agencies, while the rest through commercial banks and alternative channels.

Whereas, as far as emigrant remittances are concerned by country, Germany is the country where the most money is sent to Kosovo. 40 percent of deliveries came from Germany, followed by Switzerland with 18.5 percent and the United States of America with 8 percent.

The World Bank emphasizes that the participation of remittances in the Gross Domestic Product of Kosovo is about 20 percent.

The amount of remittances sent to Kosovo by year: 2008 – 858 million euros, 2009 – 865 million euros, 2010 – 825 million, 2011 – 814 million euros, 2012 – 775 million euros, 2013 – 867 million euros, 2014 – 901 million euros , 2015 – 796 million euros, 2016 – 808 million euros, 2017 – 911 million euros, 2018 – 1.13 billion euros, 2019 – 1.23 billion euros, 2020 – 980 billion euros, 2021 – 1.14 billion euros and the first five months of 2022- of - 445 million euros.

From the preliminary results of the diaspora census, the number of Kosovo citizens living in different countries of Europe and the world, who responded to the census, is around 350,000.
Kosovo immigrants sent over 13 billion euros in their homeland in 14 years  Kosovo immigrants sent over 13 billion euros in their homeland in 14 years Thursday, August 04, 2022 Rating: 5
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