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.
