Remittance costs as share of amount remitted in Australia

Australia: Remittance costs as share of amount remitted was 7.25 in 2021. ▼ Falling

Latest (2021)
7.25
Change on year
up 0.6%
World rank
14th
of 46 countries
All-time high
13.64
in 2011
All-time low
7.21
in 2020
Years of data
7
2011–2021

Remittance costs as share of amount remitted in Australia, 2011–2021

0510152011201620212011: 13.62015: 9.22017: 8.82018: 7.82019: 7.42020: 7.22021: 7.2

Source: Our World in Data.

Analysis

Australia recorded 7.25 for remittance costs as share of amount remitted in 2021.

Compared with earlier readings it is up 0.6% on the previous year and down 46.8% over ten years.

Over the whole period, remittance costs as share of amount remitted in Australia peaked at 13.64 in 2011 and was at its lowest, 7.21, in 2020.

Australia ranks 14th of 46 countries on this measure, in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
2010s 9.38 7.42 13.64 5
2020s 7.23 7.21 7.25 2

Countries ranked near Australia

  1. 11 Costa Rica 7.5 compare
  2. 12 Sweden 7.36 compare
  3. 13 New Zealand 7.35 compare
  4. 15 Czechia 7.07 compare
  5. 16 Belgium 6.9 compare
  6. 17 Jordan 6.88 compare

See the full ranking of 46 places →

More reference data data for Australia

All data for Australia →

Frequently asked questions

What is remittance costs as share of amount remitted in Australia?
Remittance costs as share of amount remitted in Australia was 7.25 in 2021, according to Our World in Data.
What is the highest remittance costs as share of amount remitted recorded in Australia?
The highest recorded value was 13.64 in 2011.
What is the lowest remittance costs as share of amount remitted recorded in Australia?
The lowest recorded value was 7.21 in 2020.
How does Australia rank for remittance costs as share of amount remitted?
Australia ranks 14th out of 46 countries with data for 2021.
Is remittance costs as share of amount remitted rising or falling in Australia?
Over the last ten years it is down 46.8%. The long-run trend across the full record is falling.
Where does this Australia data come from?
The figures come from Our World in Data, published as part of Remittance costs as share of amount remitted. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 7 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Remittance costs as share of amount remitted
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
46 places, 291 data points, 2011–2021
Last refreshed