Ver Angola

Economy

Portuguese remittances in Angola rise 37.5 percent

Remittances from the Portuguese in Angola rose 37.5 percent in July, to 41.3 million euros, influencing the 36.9 percent rise recorded in remittances sent from Portuguese-speaking African Countries (PALOP).

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According to data from the Bank of Portugal (BdP), Portuguese people working in Angola sent 41.3 million euros, which represents an increase of 37.5 percent compared to the 30.03 million euros sent in July 2021, which in turn compares with the 34.5 million sent in July 2020.

The funds sent by the Portuguese in Angola represent, as usual, almost all the remittances sent by the Portuguese in the PALOP.

Thus, national emigrants in these countries sent 42.12 million euros to Portugal in July, which represents a significant increase of 36.9 percent compared to the 30.7 million euros sent in July last year.

Conversely, Portuguese-speaking Africans working in Portugal sent 3.6 million euros, which represents an increase of 19.9 percent compared to the 3.02 million sent in July last year.

In total, remittances from Portuguese emigrants rose 2.9 percent in July, to 377.4 million euros, while funds sent by foreigners in Portugal rose 8.9 percent, to 47.2 million euros, compared to homologous period.

The Portuguese working abroad, also refer to data from the BdP, sent remittances worth 377.4 million euros in July, which represents an increase of 2.9 percent compared to the 366.8 million sent in July of the year. past.

Conversely, foreigners working in Portugal sent 47.2 million euros to their countries of origin, 8.9 percent more than the 43.3 million euros sent in July last year.

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