Portugal: Remittances by emigrants in November up 3pct on year - Bank of Portugal

Lisbon, Portugal – Remittances to Portugal by emigrants were in November up almost 3% on the same month of 2016, while those sent abroad by foreign citizens working in Portugal jumped almost 11% to €45.3 million, figures from the Bank of Portugal show.

According to data in the bank’s latest statistical bulletin, Portuguese citizens abroad sent back €283.4 million in November, up from €275.1 million a year earlier – a 2.99% increase.

Meanwhile, foreign citizens based in Portugal sent abroad €45.31 million, up from €40.94 million in November of 2017 – a 10.7% increase.

Looking only at citizens of Portugal resident in Portuguese-language countries in Africa, remittances to Portugal were up 5% to €25.83 million.

Citizens from Portuguese-speaking countries other than Portugal working in the country, meanwhile, sent back to their homelands €3.25 million, down 16.7% on the year.