Emigrant remittances rise 0.79% in January to 352.26 million

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Remittances from emigrants rose 0.79% in January compared to the same month in 2023, to 352.26 million euros, and foreigners working in Portugal sent 51.48 million to their countries, up 7.6%.

Bank of Portugal figures released today show that remittances sent by emigrants to Portugal rose from 349.5 million euros in January last year to 352.26 million euros in January.

On the other hand, immigrants working in Portugal sent 51.48 million euros back home, which is 7.6% more than the 47.83 million euros sent in January 2023.

As far as Portuguese-speaking African countries are concerned, there was a 13.13% increase in emigrants’ remittances, which rose from 26.96 million euros in January last year to 30.5 million in January 2024.

As usual, Angola accounts for the vast majority of these sums, as Portuguese emigrants working in sub-Saharan Africa’s second largest oil producer sent 30 million euros this year, up 14.68% on the 26.16 million sent in January 2023.

Meanwhile, Portuguese-speaking Africans working in Portugal sent 3.6 million euros, which is equivalent to a drop of 0.55% compared to January last year, according to data released by the financial regulator.

Hervé Hubert
Hervé Hubert
Hervé Hubert is a 55-year-old writer and journalist based in Porto, Portugal. Born in France, he brings a unique blend of French and Portuguese perspectives to his work. Education Hervé studied Journalism and Literature at the University of Lyon in France. After completing his studies, he gained valuable experience working with various French media outlets (Portugal France also). Career He worked for several years as a journalist in France before making the move to Portugal. In Porto, he joined the Portugal Pulse team as a staff writer. Skills Hervé specializes in storytelling, investigative journalism, and cultural commentary. He has a flair for capturing complex issues in a relatable way. Personal Life He currently resides in Porto and enjoys the city's rich culture, from Fado music to Francesinha cuisine. Hervé continues to maintain strong ties to his French heritage, often traveling back to France for family visits and cultural exploration. With his unique background and diverse skill set, Hervé Hubert adds a layered, multicultural lens to every story he covers.

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