In 2018, remittances amounted to more than three billion euros, corresponding to about 1.8% of GDP. Together, the two main destination countries of Portuguese emigration, France and Switzerland, were also the countries of origin of more than half of remittances inflows. Conversely, almost half of remittances sent abroad by immigrants living in Portugal went to Brazil. From 2017 to 2018 there was a significantly increase of the value of remittances received in Portugal: more than 34% in nominal terms. Portugal was, in 2017, the 31st country in the world that received more remittances. However, the degree of economic dependence on emigration remittances has declined in recent decades and today is low by international standards.+