Under conditions of globalization, international migration of population is steadily growing and significantly affects the socio-economic development of countries and regions. The aim of the article is to identify the features of international migration of population in Europe. The migration trends in the region and its subregions are analyzed. It is shown that Western Europe is leading according to the number of migrants residing on its territory, but the maximum growth of migrants for the period of 1990-2015 is observed in Southern Europe. The proportion of women and population of active age groups is increasing in the structure of migrants. In recent years the flow of refugees has increased. The impact of the migration crisis on the economies of the host countries is analyzed. Calculations of coefficients of multiple correlation demonstrated the level of dependence between the indicators of migration and GDP, population size, share of urban population. It is concluded that it is necessary to develop migration policies at different hierarchical levels.