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Remittances' numbers stabilized in 2016
According to the Bank of Portugal, in 2016, 3,343.2 million euros came into the country in remittances, a value slightly higher than the one observed for 2015 (+ 0.8%). The overall trend of growth over the past seven years has therefore been maintained. +

Until the entry into force of the euro in 2002, remittances received in Portugal increased. In 2001, the highest figure in the series under analysis was EUR 3,736.82 million. From 2002, it is possible to distinguish three phases. The value of remittances decreased between 2002 and 2004, which could be due to the change in the registration criteria resulting from the creation of the euro area rather than to actual changes in the value of the transfers effected. Between 2004 and 2011, the value of remittances remained stable, at a slightly undulating level. In the period 2012-2016, it rose significantly, having reached, in 2016, the highest value of the euro era. In 2015 there was even an acceleration of that rise, compared to the deceleration observed in 2014.





Cite as Vidigal, Inês (2017), “Remittances' value stabilized in 2016”, Observatório da Emigração


[by Inês Vidigal]
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