Expat Health Insurance News: Commuters push up inner London GDP rankings
22/02/10 16:25
Gross domestic product (GDP) per inner London inhabitant stood at 334 per cent of the EU average in 2007, the highest proportion of any region in Europe, according to the latest figures from Eurostat.
However, the EU's official statistics office explained that in areas such as London which have high net commuter inflows, the proportion of GDP per inhabitant can appear distorted.
The research follows statistics released by the group earlier this month which showed that expats living in the 27 EU member states collectively sent home €32 billion to their country of former residence in 2008.
Known as workers' remittances, the outflow of wages was largest in Spain, Italy, France and Germany, all of which have a strong expat contingent.
Workers' remittances from Spain alone totalled €7.8 billion during the year, equivalent to 25 per cent of all remittances from all EU countries.
For those looking for work overseas, it may be worth researching expat medical insurance policies to provide protection against illness or injury.
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