EMN and OECD inform on the Covid-19 pandemic impact on remittances

European Migration Network (EMN) and Organisation for Economic Co-operation and Development (OECD) disseminated a joined inform on Covid-19 pandemic impact on remittances in the EU and OECD countries.

The document is fourth in an inform series which will be dedicated to discussing the COVID-19 pandemic’s impact on the field of migration and asylum.

Together with Romania, Poland, Croatia and Bulgaria, Lithuania stands along some of the biggest remittance receivers within the EU. In all these countries, except for Poland, remittances represent more than 2 percent of their GDP (in case of Lithuania, that accounts to 2,43 percent).

The results of the review reveal that Covid-19 pandemic significantly impacted these processes – if compared to the first and the second quarter of 2019, during the same period in 2020 the amount of remittances steadily decreased. During the second quarter of 2020, Lithuania received almost a half of the inflow recorded during the same period in 2019.

Previous joined EMN and EBPO informs can be found here:

  • Inform No 1 on residence permits and migrant employment during the pandemic
  • Inform No 2 on the influence the COVID-19 virus outbreak had on international students in EMN and OECD countries
  • Inform No 3 on maintaining labor migration in essential sectors in times of the pandemic.