I’ve been diving deep into the world bank reports these last weeks about where the Swedish citizens were sending money. Does this reflect where they emigrate? Does it reflect where the immigrants come from? Does it reflect where the Swedish buy a house or pay taxes? I don’t know for sure, though what I know is that the Swedish send… I must say first that everything I say is according to the world bank report of 2015.
The swedish send $ 461 million per year to Finland. This is by far the biggest amount they send as individuals to individuals, as remittance, to a country. This doesn’t seem surprising, these countries are neighbours. But it’s more surprising when you know that Swedish only send a quarter of this to Norway. Why such a big difference? Norway only receives $ 127 million per year from Sweden.
The second country which receives the most money from Sweden is… You will never guess… Lebanon! I’m not kidding, even before Denmark which receives $203 million. Did you know Sweden was so close to Lebanon? I mean, just taste the food, it has nothing in common. So why would they do that?
The 5th country to receive money from Sweden is Thailand. I don’t think there is so many Thai people in Sweden, so if I had to guess I would say that Swedish pay for their retirement in Thailand. When we think about it, it sounds like a smart move. With a retirement as high as in Sweden, you can have a wonderful life in Thailand if you send your money wisely.
After this comes China, Germany, Poland, Hungary, India, France, Nigeria, Vietnam, Spain, Bosnia, Iran, Philippines. So many countries, so many cultures, so many people, so many, am I right? In the meantime the fact that Sweden has still it’s own currency, is something really important for the economy of the country, it helps it to be independent, though we shall not forget that this currency it’s something like indexed to the EURO.