Emigrants remittances fall 1.3% in 2020, down for the first time since 2010 By TPN/Lusa, in News, Economy · 16-03-2021 20:30:00 · 1 Comments
Remittances from Portuguese emigrants fell 1.3% last year compared to 2019, to 3,612.8 million Euros, falling for the first time since at least 2010, according to data from the Bank of Portugal.
According to the data consulted by Lusa, the reduction in the value of remittances in 2020 to 3,612.8 million happens for the first time since at least 2010, the year in which emigrants sent 2,425 million Euros to Portugal, but above the value recorded in 2018, when 3,604 million Euros were remitted by Portuguese workers abroad.
According to figures from the financial regulator and supervisor, available on the bank s website, Portuguese emigrants sent €335.6 million to their coun