web counter
LEXO PA REKLAMA!

SHKARKO APP

App Store
Google Play

Immigrants brought a record 532 million euros in the first 6 months, inflows towards stabilization

2025-09-10 17:26:00, Ekonomi CNA

Immigrants brought a record 532 million euros in the first 6 months, inflows

The money that emigrants bring to their families in Albania continues to have an increasing trend, although in the first half of this year they are showing signs of slowing down.

Bank of Albania balance of payments data revealed that income from emigrants was 532 million euros in January-June 2025, an increase of 4.3% compared to the same period a year earlier.

This is the lowest growth rate since 2020, when the flow was affected by the Covid-19 pandemic. In the same period a year earlier, remittances had expanded by 14.5%.

Since 2013, the money that emigrants bring to Albania has increased continuously (see chart), reflecting a new cycle of emigration, which began mainly after 2015.

After a decline in 2020, as a result of the pandemic, the upward trend accelerated significantly. In the first 6 months of 2024, the 500 million euro threshold was exceeded for the first time.

According to Eurostat data, a total of 154 thousand residence permits were granted for the first time in 2022-2023 alone. Since 2008, when Eurostat reports the data, around 920 thousand Albanian citizens have received residence permits for the first time, who are a potential to send money to relatives they have left behind in Albania.

Market players claim that the main channels continue to remain traditional countries of immigration, such as Greece and Italy, but in recent years there has been growth from new destinations such as England and Germany.

Remittances are counted by the Bank of Albania as part of the current account in the balance of payments, according to IMF standards (BPM6).

They include all monetary flows that emigrants send to families and individuals resident in Albania, both through formal channels (banks, financial institutions and transfer operators), as well as through estimates of informal flows.

For this purpose, the Bank uses banking system data, periodic reports from licensed entities and specific surveys of beneficiary families, aiming to capture the entirety of real remittance flows in the economy./ Monitor





Lajmet e fundit nga