Remittances from emigrants rose by 2.5% in March, to 310.9 million euros, helping to increase the amounts sent by Portuguese emigrants in the quarter by 1.2%, to 993.2 million euros.

Remittances from emigrants rose 1.2% to 993.2 million in the 1st quarter

10:42 - 21/05/24 por Lusa

Economia BdP

According to data from the Bank of Portugal, Portuguese people working abroad sent 993.2 million euros to Portugal in the first quarter, 1.2% more than the 981.1 million euros sent in the first three months of last year.

In the opposite direction, foreigners working in Portugal sent 149.5 million euros in the first three months of this year, an increase of 3.5% compared to the 144.3 million sent from January to March last year.

Looking only at March, remittances from immigrants in Portugal fell by 2.7%, from 52.2 million euros to 50.8 million euros.

On the contrary, remittances from Portuguese workers abroad increased by 2.5%, going from 303.3 million euros in March last year to 310.9 million in March this year.

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Remittances from emigrants rose 1.2% to 993.2 million in the 1st quarter

Remittances from emigrants rose by 2.5% in March, to 310.9 million euros, helping to increase the amounts sent by Portuguese emigrants in the quarter by 1.2%, to 993.2 million euros.

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Remittances from emigrants rose 1.2% to 993.2 million in the 1st quarter

Remittances from emigrants rose by 2.5% in March, to 310.9 million euros, helping to increase the amounts sent by Portuguese emigrants in the quarter by 1.2%, to 993.2 million euros.

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