Ver Angola


Remittances from emigrants in Angola rise 16.5 percent in the first quarter

Remittances from Portuguese working in Angola rose 16.5 percent in the first quarter, to 53.08 million euros, while funds from Angolans working in Portugal increased by 0.4 percent in the same period.


According to data available on the Bank of Portugal website, Portuguese people working in Angola sent 53.08 million euros to Portugal between January and March this year, which compares with the 45.55 million euros sent in the same period last year.

Conversely, Angolans working in Portugal sent 2.32 million euros in the first three months of this year, which represents a slight increase of 0.43 percent compared to the 2.31 million sent from January to March 2021.

Of the total remittances sent from Portugal to the countries of origin, Brazil represents almost half of the total, which was 131.08 million euros.

Brazilians working in Portugal sent 62.6 million in the first quarter, up 9.12 percent from the 57.4 million sent in the same period last year.

Globally, remittances from emigrants fell 0.9 percent in March, to 268.1 million euros, while funds sent by foreigners in Portugal rose 4.2 percent, to 44.8 million euros, according to the Portugal's bank.

The amount sent by Portuguese workers working abroad went from 270.5 million euros in March last year to 268.1 million in March this year, which represents a fall of 0.92 percent.

Conversely, foreigners working in Portugal sent 44.8 million euros to their countries of origin, which represents an increase of 4.2 percent compared to the 43 million euros sent in March last year.

Looking at the period between January and March (the first quarter), it can be seen that emigrants sent practically the same amount as in the first three months of last year, which went from 877.9 million to 877.8 million euros, equivalent to a slight decrease of 0.01 percent.

Conversely, funds sent by foreign workers in Portugal increased by 8.9 percent, from 120.3 million euros, from January to March 2021, to 131.08 million euros in the first quarter of this year.

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