Labor migrants transfer nearly US$11 bln to Ukraine in 2018 – NBU

The volume of private remittances from labor migrants to Ukraine in 2018 amounted to US$10.88 billion, which is 17.5% higher year-over-year.

The largest amount of private remittances to Ukraine comes from Poland, Russia, the USA, the Czech Republic, and Italy, as reported on the website of the National Bank of Ukraine.

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One third of remittances accounted for Poland, and compared with the previous year, the amount of transfers from this country grew by 16.4%, to US$3.626 billion.

Russia is the next in the list of countries from which the largest amount of remittances comes, but transfers from this country have decreased by 26.6%, to US$948 million over the past year.

The U.S. ranks 3rd. The amount of transfers from this country in 2018 grew by 28.1%, to US$870 million.

The amount of remittances from the Czech Republic in 2018 grew by almost 50%, to US$846 million, as well as by 9.8%, to US$492 million, from Italy.

As UNIAN reported earlier, in 2017, the volume of private remittances to Ukraine amounted to $9.3 billion, which is 24% higher than the figure for 2016.