A recent report by the the International Fund for Agricultural Development (IFAD) suggests that the typical amount sent by migrant workers back to their home country ranges from USD 1,500 to USD 3,200 annually. In 2014, Hungarians transferred to their families back home some USD 4.5 billion.
According to the new report 'Sending Money Home: European flows and markets', migrant workers living in Europe sent home USD 109.4 billion in remittances, providing a lifeline to more than 150 million people around the world.
Of the 19 remittance-receiving countries in Europe, Hungary received USD 4.473 bn - most of it from Germany, Austria and the United Kingdom.
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