ISSUE: 3/2021

  • Volume 25
  • Number 3
  • 2021


Studia Europejskie –
Studies in European Affairs

ISSN: 1428-149X
e-ISSN: 2719-3780

Ccbync License


Articles published in the journal are under a Creative Commons Attribution – Non Commercial – No Derivatives 4.0 International License

The Impact of Remittances of Ukrainian Migrants on the Stabilisation of the Economy During the Covid Crisis


International labour migration is a global process that has affected the populations of all countries and continents. Today, migrants face a new additional barrier – the COVID-19 pandemic, which has drastically affected all forms of human mobility. Today, labour-based migration from Ukraine is directed mainly to EU Member States. The main motives for international labour migration is the potential of earning money, financial security of the family etc. Accordingly, the consequence of international migration is the inflow of money into the country of migrant origin. Remittances from migrant workers are an important source of income for Ukraine. Despite the COVID-19 pandemic, there has been an increase in migrant remittances, contributing to the development of households, human potential, the reduction of poverty and inequality, and the inflow of foreign currency. This article proposes an econometric model of the impact of migrant remittances on the stabilisation of the country’s economy during the pandemic. As a result of the calculations, it was found that the income from people working abroad initially reduces the deviation of GDP from the equilibrium trend, but over time there is a clear procyclical impact. This feature is favourable for the Ukrainian economy and may mean that migrant transfers in times of crisis help to overcome the effects of global economic downturns.


Bakker M., Migrating into Financial Markets: How Remittances Became a Development Tool, University of California Press, Oakland 2015.

Barajas A., et. al., Do Workers’ Remittances Promote Economic Growth?, IMF Working Paper WP/09/153, International Monetary Fund Washington 2009.

Berger R., Latest update of our corona economic impact series, https://www. nancial.html (access 2.06.2021).

Demianchuk Y., Stabilizaciinui vplyv pryvatnykh transfertiv u transformaciinykh ekonomikakh (Стабілізаційний вплив приватних трансфертів у трансформаційних економіках), Natsionalnyi Universytet im. Ivana Franko, Lviv 2014.

Face to face with migration in Ukraine. Central and Eastern Europe, International Labour Organization,–en/index.htm (access 28.05.2021).

Global Migration Growth Slowed by 27 Per Cent in 2020, Following Decades of Robust Increase, Annual Report Finds. United Nations. Meetings Coverage and Press Releases, (access 7.06.2021).

Levtsun О., Zovnishnia trudova mihraciia v Ukraini jak demohrafichna problema (Зовнішня трудова міграція в Україні як демографічна проблема), (access 11.06.2021).

Migration and Remittances: Eastern Europe and the Former Soviet Union, eds. A. Mansoor, B. Quillin, World Bank, Washington 2009. Natsionalnyi bank Ukrainy. Statystyka zovnishnioho sektoru (Національний банк України. Статистика зовнішнього сектору), ua/ua/statistic/sector-external/data-sector-external (access 28.05.2021).

OECD Policy Responses to Coronavirus (COVID-19) What is the impact of the COVID-19 pandemic on immigrants and their children?, OECD, 19.10.2020, (access 30.07.2021).

State Statistics Service of Ukraine, (access 30.05.2021).

Tokarchuk T., Perekazy vid trudovykh mihrantiv: potochna sytuaciia ta ocinka perspektyv. Natsionalnyi bank Ukrainy (Перекази від трудових мігрантів: поточна ситуація та оцінка перспектив. Національний банк України), workers_Tokarchuk_2020-06-03.pdf?v=4 (access 2.06.2021).

Zakha D., Luke M., Kincia-kraiu ne vydno: trudova mihraciia z Ukrainy mozhespovilnytysia, prote, shvydshe za vse tryvatyme (Кінця-краю не видно: трудова міграція з України може сповільнитися, проте, швидше за все, триватиме), (access 8.06.2021).

Zanuda A., Mihranty chy investory: hto bilshe vklade v ekonomiku Ukrainy (Мігранти чи інвестори: хто більше вкладає в економіку України?), ВВС Ukraina, (access 1.06.2021).

Zvarych R., Tysh T., Upravlinnia kryzovymy sytuaciiamy ta liderstvo v umovakh koronakryzy (Управління кризовими ситуаціями та лідерство в умовах коронакризи), „Visnyk Ternopilskoho natsionalnoho ekonomichnoho universytetu”, no. 2/2020, visnykj/article/download/1108/1213 (access 8.06.2021).

Language: English

Pages: 99-114

How to Cite:


Gerlach, I. and Ukraynets, L. (2021) "The Impact of Remittances of Ukrainian Migrants on the Stabilisation of the Economy During the Covid Crisis". Studia Europejskie – Studies in European Affairs, 3/2021, pp. 99-114. DOI: 10.33067/SE.3.2021.6