Remittance costs as a proportion of the amount remitted in Austria

Austria: Remittance costs as a proportion of the amount remitted was 6.4% in 2021. ▬ Flat

Latest (2021)
6.4%
Change on year
up 0.3%
World rank
20th
of 46 countries
All-time high
6.9%
in 2017
All-time low
6.2%
in 2019
Years of data
6
2015–2021

Remittance costs as a proportion of the amount remitted in Austria, 2015–2021

02462015201820212015: 6.2 %2017: 6.9 %2018: 6.4 %2019: 6.2 %2020: 6.4 %2021: 6.4 %

Source: World Bank (2023) – processed by Our World in Data. Measured in %.

Analysis

The most recent figure for remittance costs as a proportion of the amount remitted in Austria is 6.4%, measured in 2021.

That represents a change of up 0.3% on the previous year and up 2.2% over ten years.

That places Austria 20th out of 46 countries with data for 2021, putting it in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
2010s 6.4% 6.2% 6.9% 4
2020s 6.4% 6.4% 6.4% 2

Countries ranked near Austria

  1. 17 Jordan 6.9% compare
  2. 18 Canada 6.6% compare
  3. 19 Netherlands 6.5% compare
  4. 21 Germany 6.4% compare
  5. 22 Switzerland 6.3% compare
  6. 23 France 6.2% compare

See the full ranking of 46 places →

More reference data data for Austria

All data for Austria →

Frequently asked questions

What is remittance costs as a proportion of the amount remitted in Austria?
Remittance costs as a proportion of the amount remitted in Austria was 6.4% in 2021, according to World Bank (2023) – processed by Our World in Data.
What is the highest remittance costs as a proportion of the amount remitted recorded in Austria?
The highest recorded value was 6.9% in 2017.
What is the lowest remittance costs as a proportion of the amount remitted recorded in Austria?
The lowest recorded value was 6.2% in 2019.
How does Austria rank for remittance costs as a proportion of the amount remitted?
Austria ranks 20th out of 46 countries with data for 2021.
Is remittance costs as a proportion of the amount remitted rising or falling in Austria?
Over the last ten years it is up 2.2%. The long-run trend across the full record is flat.
Where does this Austria data come from?
The figures come from World Bank (2023) – processed by Our World in Data, published as part of Remittance costs as a proportion of the amount remitted. Statizoid updates them automatically from the source API.

Download this data

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About this data

Indicator
Remittance costs as a proportion of the amount remitted
Unit
%
Source
World Bank (2023) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
46 places, 291 data points, 2011–2021
Last refreshed

The average remittance cost of sending $200 (or equivalent in local sending currency) from each country, expressed as a percentage.