How much money did immigrants contribute to Social Security in Portugal?
The answer may surprise you. In 2021, immigrant contributions to Social Security generated a positive balance of 968 million euros. That’s right – despite the growing disdain and negative stereotypes often directed towards immigrants in Portugal, we have made a significant contribution to the country’s Social Security system. In this article, we will delve into the data and explore the ways in which immigrants in Portugal are making valuable contributions to the country’s economy and society.
Where Did This Data Come From?
The Observatório das Migrações (OM), is the entity in charge of statistics for migration in Portugal. Their last survey, which came out this year found the following:
How much money did immigrants add to Social Security?
In 2021, foreigners added 1293 million Euros to Portugal’s Social Security system.
How many people were responsible for this contribution?
This contribution was made by 475,892 foreign individuals.
What percentage do foreigners in Portugal make up in the population of tax payers?
The above people make up 10% of the total people who are part of the Portuguese Tax system.
How many immigrants are there in Portugal?
Foreign citizens make up 5.4% of the total population in Portugal. In 2011, this percentage was 3.7%.
Who is migrating to Portugal?
Contrary to what everyone believes, it is not just rich people from California moving to Portugal. Here is a breakdown of the people moving to Portugal as of 2021:
- 47% are students
- 22% are retirees
- 14% are joining their families
What countries do people retire from to Portugal?
- The EU
- Brazil
- The US (9% of all immigrants – 2414 visas in 2021)
How has immigration changed in Portugal?
Over the period from 2011 to 2021, the number of foreign residents living in Portugal increased by 40%, reaching a total of 555,299 individuals.
How many Third country nationals live in Portugal?
TCNs make up 81.4% of the total number of foreign citizens.
TIL: A third country national is someone who is a citizen of a country that is not part of the European Union or the European Free Trade Association. This means they come from a country outside of the EU or EFTA. Third country nationals may need to get a visa or other permission to visit, live, or work in an EU member state. They might also have to follow different rules than people from EU countries or EFTA countries.
The takeaway? I guess we’re not all that bad.
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