How much money do emigrants send and save? Returnees saved the most, with 76% of their financial target achieved
Albanian emigrants returning to the country send more remittances during the emigration period compared to those still abroad. Meanwhile, according to the Emigration Survey, current emigrants send less money, as their ties to the country gradually weaken over time.
About 40% of emigrants have sent remittances during their stay abroad, with a higher percentage among returned emigrants. Male emigrants are almost twice as likely to send remittances as females, and this tendency increases with age and peaks in the 45–64 age group. Education level also plays a role, as emigrants with secondary education send remittances more often than those with higher education.
Remittance behavior appears to be closely linked to the ability to save during the migration experience. The data show that returnees who sent remittances while abroad were able to save an average of 50% more compared to those who did not send remittances, specifically US$450 versus US$300.
A similar trend is observed among emigrants currently abroad, although the difference in savings levels is smaller. Also, returned emigrants who sent remittances are closer to meeting their savings expectations. They managed to save about 76% of the amount they had planned, while emigrants who did not send remittances saved only 42% of their expectations.
Overall, individuals who managed to save money had lower savings intentions, averaging $535, compared to $649 for those who failed to save, highlighting a discrepancy between financial goals and actual outcomes.
International experience shows that remittances are highest in the first years of emigration, but decline over time, while those who intend to return maintain stronger family ties and continue to financially support their families in their country of origin.
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