Regards 06/22 - The impact of frontier workers in the balance of payments in 2020

In 2020, the remuneration of incoming frontier workers in Luxembourg amounted to EUR 12.3 billion, while the remuneration received by outgoing frontier workers amounted to EUR 1.8 billion, resulting in a deficit of EUR 10.5 billion in the balance of payments. Contrary to previous years, social benefits paid to non-residents (not including unemployment benefits and financial aid to students living abroad) exceeded the social contributions received as a result of the short-time working scheme set up following the coronavirus crisis.