Remittances by Portuguese emigrants fell 3.8% to €843M in Q1

  • Lusa
  • 20 May 2021

In the first three months of last year, Portuguese emigrants sent €876.4 million, whilst this year that figure stood at 843 million, representing a drop of 3.82%.

Remittances by emigrants fell 3.82%, to €843 million, in the first three months of this year, according to figures from the Bank of Portugal, which show a drop of 6.15% in remittances sent from Angola.

According to Bank of Portugal data consulted by Lusa on Thursday, in the first three months of last year, Portuguese emigrants sent €876.4 million, whilst this year that figure stood at 843 million, representing a drop of 3.82%.

On the contrary, remittances sent by foreigners in Portugal rose 4.5%, from €118.8 million in the first three months of 2020, to 124.3 million from January to March this year.

Remittances from Portuguese emigrants in Angola fell by 6.15% in the first quarter of this year compared to the same period last year, almost double the 3.82% drop recorded overall.

Remittances from Portuguese workers in Angola fell from €45.34 million in the first three months of last year to 42.55 from January to March of this year, decisively influencing, as usual, the figures for remittances from the group of Portuguese-language African Countries (PALOP), which posted a drop of 5.69%.

In the opposite direction, remittances sent by Angolans in Portugal fell slightly, from €2.32 million to 2.31 million, representing a small drop of 0.43%, contrary to the evolution of the amounts sent to their countries of origin by Portuguese-speaking workers in Portugal, which rose 0.42% in the first quarter of this year (from 9.43 to €9.47 million).