Remittance costs as a proportion of the amount remitted by country
The average remittance cost of sending $200 (or equivalent in local sending currency) from each country, expressed as a percentage.
Countries reporting
46
Highest
27.9%
Tanzania
Lowest
2.5%
Bahrain
Median
6.1%
Years covered
11
2011–2021
Data points
291
What the numbers show
Remittance costs as a proportion of the amount remitted is currently reported for 46 countries. The highest value is 27.9% in Tanzania; the lowest is 2.5% in Bahrain.
The median across all reporting countries is 6.1%, and the mean is 7.2%.
The gap between the highest and lowest reporting country is a factor of about 11.
Over the past decade 6 countries rose and 26 fell. The largest increase was in Costa Rica (up 91.8%), and the largest decrease in Dominican Republic (down 72.8%).
Remittance costs as a proportion of the amount remitted: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Tanzania | 27.9% | 2021 | up 14.8% | flat |
| 2 | Turkey | 22.4% | 2021 | — | rising |
| 3 | Cameroon | 16.6% | 2021 | — | rising |
| 4 | South Africa | 14.8% | 2021 | down 16.5% | falling |
| 5 | Israel | 13.9% | 2021 | — | rising |
| 6 | Angola | 12.7% | 2021 | — | falling |
| 7 | Thailand | 11.6% | 2021 | — | falling |
| 8 | Kenya | 9.2% | 2021 | down 5.0% | flat |
| 9 | Ghana | 8.1% | 2021 | down 48.8% | falling |
| 10 | Japan | 8.0% | 2021 | down 52.8% | falling |
| 11 | Costa Rica | 7.5% | 2021 | up 91.8% | rising |
| 12 | Sweden | 7.4% | 2021 | — | falling |
| 13 | New Zealand | 7.3% | 2021 | down 38.7% | falling |
| 14 | Australia | 7.2% | 2021 | down 46.8% | falling |
| 15 | Czechia | 7.1% | 2021 | down 38.4% | falling |
| 16 | Belgium | 6.9% | 2021 | down 27.7% | falling |
| 17 | Jordan | 6.9% | 2021 | — | rising |
| 18 | Canada | 6.6% | 2021 | down 44.4% | falling |
| 19 | Netherlands | 6.5% | 2021 | down 31.3% | falling |
| 20 | Austria | 6.4% | 2021 | up 2.2% | flat |
| 21 | Germany | 6.4% | 2021 | down 49.6% | falling |
| 22 | Switzerland | 6.3% | 2021 | down 46.1% | falling |
| 23 | France | 6.2% | 2021 | down 46.6% | falling |
| 24 | United Kingdom | 6.1% | 2021 | down 21.6% | falling |
| 25 | Portugal | 6.0% | 2021 | — | falling |
| 26 | United States | 5.6% | 2021 | down 19.0% | falling |
| 27 | Chile | 5.3% | 2021 | up 81.4% | rising |
| 28 | Rwanda | 5.2% | 2021 | — | flat |
| 29 | Spain | 5.2% | 2021 | down 22.2% | falling |
| 30 | Norway | 5.1% | 2021 | down 61.2% | falling |
| 31 | Saudi Arabia | 4.9% | 2021 | up 17.9% | rising |
| 32 | Brazil | 4.8% | 2021 | down 56.7% | falling |
| 33 | Italy | 4.8% | 2021 | down 41.8% | falling |
| 34 | Pakistan | 4.7% | 2021 | — | falling |
| 35 | Oman | 4.3% | 2021 | — | rising |
| 36 | South Korea | 4.2% | 2021 | down 34.3% | falling |
| 37 | United Arab Emirates | 3.9% | 2021 | down 0.3% | flat |
| 38 | Malaysia | 3.8% | 2021 | down 21.6% | falling |
| 39 | Singapore | 3.7% | 2021 | down 20.5% | falling |
| 40 | Dominican Republic | 3.5% | 2021 | down 72.8% | falling |
| 41 | Qatar | 3.5% | 2021 | down 30.9% | falling |
| 42 | Senegal | 3.5% | 2021 | down 44.4% | falling |
| 43 | Kuwait | 3.0% | 2021 | — | flat |
| 44 | Russia | 2.9% | 2021 | up 9.3% | falling |
| 45 | Cote d'Ivoire | 2.6% | 2021 | — | falling |
| 46 | Bahrain | 2.5% | 2021 | — | falling |
About this data
The average remittance cost of sending $200 (or equivalent in local sending currency) from each country, expressed as a percentage.