Remittances by emigrants fell 3.82 percent to €843 million during the first three months of this year, according to figures fromBy TPN/Lusa, In News, Business, Economy, Africa · 23 May 2021, 16:00 · 0 Comments
Remittances by emigrants fell 3.82 percent to €843 million during the first three months of this year, according to figures from the Bank of Portugal.
According to Bank of Portugal data, overall in the first three months of last year, Portuguese emigrants sent 876.4 million euros, whilst this year that figure stood at 843 million euros, representing a drop of 3.82 percent.
On the contrary, remittances sent by foreigners in Portugal rose 4.5 percent, from 118.8 million Euros 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 percent in the first quarter of this year compared to the same period last year, almost double the 3.82 percent drop recorded overall.
Remittances from Portuguese workers in Angola fell from 45.34 million Euros 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-speaking African Countries (PALOP), which posted a drop of 5.69 percent.
In the opposite direction, remittances sent by Angolans in Portugal fell slightly, from 2.32 million Euros to 2.31 million, representing a small drop of 0.43 percent, contrary to the evolution of the amounts sent to their countries of origin by Portuguese-speaking workers in Portugal, which rose 0.42 percent in the first quarter of this year (from 9.43 to 9.47 million Euros).