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Last year, emigrants' remittances to Lithuania exceeded 1 billion. euros

Made in Vilnius
in 2023 January 29 08:30
3 min. reading
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Last year, Lithuanians living abroad transferred more than 1 billion to Lithuania. euros - 52 percent. more than last year, when the amount reached 691 million. The average amount transferred by one customer per year also increased by a tenth, exceeding 2800 euros. It is interesting that more than 50 percent transfers from Lithuania abroad also increased. All this is shown by data from British financial app Revolut.

The most popular countries from which Lithuanians send money to their homeland did not change much last year: the United Kingdom remained the absolute leader (180 million euros transferred last year), followed by Germany (107 million), France (103 million), Italy (69 million .), Spain (64 million).

Amounts transferred from the UK have decreased

The average amount transferred by one person per year from Germany reached 4000, Norway – 4160, and France – 4500 euros last year. Compared to 2021, they all grew. The situation was somewhat different with money sent from the UK: the average amount per customer per year shrank by a few percent and reached 3200 euros.

The amount of one order from the UK also decreased: last year it reached 300, last year it fell to 260 euros. Transfers from other countries were higher: the average transaction from Italy was 370, Spain – 390, Germany 475, and France – 715.

Comparing last year with 2021, how much did you like the portrait of a typical customer: if in the past, 35-44 year olds sent most money. people, it was younger people, 25-34 years old, who were the leaders last year. Lithuanians. The transfers of even younger people (18-24 years old) also increased almost threefold: if the amount reached 40 million last year, it exceeded 136 million last year. euros.

Transfers not only to Lithuania, but also from Lithuania have increased

Transfers from Lithuania abroad also grew - last year they reached 242 million. euros. Most Lithuanians sent money to the UK, Germany, JAV, Spain. The largest percentage change is related to Ukraine - 600% was transferred to the war-ravaged country last year. more money than last year.

One customer from Lithuania transferred an average of 1312 euros last year, the average amount of one transfer was 200 euros - 54 percent. more than last year. The most money is sent in one transfer to Turkey (the average transaction amount exceeded 1000 euros), the USA (790 euros), Estonia (370), Germany (300), Spain (280). 

People aged 25-34 transferred the most money from Lithuania, slightly older people, aged 35-44, were not far behind. There has been a significant increase in young people, 18-24 years old. people's orders - here the fixed growth reaches 110 percent.

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