Remittances by Portuguese emigrants in PALOP countries set a record and rose 4.9% to €3.89 billion

Remittances by Portuguese emigrants in 2022 set a record, rising 4.9% to €3.892 billion, with citizens in the Portuguese-speaking African Countries (PALOP) sending almost €320 million, 21.7% more than in 2021, according to the Bank of Portugal.

Portuguese workers in the PALOP countries sent to Portugal €317.06 million last year, representing an increase of 21.69% compared to €260.5 million sent in 2021.

As usual, almost all come from Angola, the African country most sought after by the Portuguese in terms of work.

Thus, emigrants in Angola sent the last year €308.64 million, which represents an increase of 21.8% compared to the €253.4 million sent in 2021.

According to Lusa, last year’s highest amount came from the Portuguese in France, who sent €1.081.6 billion, closely followed by emigrants in Switzerland, who sent €1.061.6 billion to Portugal, representing more than half of the total remittances worldwide.

In contrast, remittances from foreigners working in Portugal rose from €504.17 million in 2021 to €530.96 million last year, representing an increase of 5.31%.

Of this amount, almost half was sent by Brazilian workers in Portugal, who sent €259.49 million to Brazil, representing an increase of 8.42% compared to the €239.3 million sent during 2021.

With information from Forbes

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