Remittance costs as a proportion of the amount remitted in Canada

Canada: Remittance costs as a proportion of the amount remitted was 5.3% in 2025. ▼ Falling

Latest (2025)
5.3%
Change on year
down 16.3%
World rank
26th
of 47 countries
All-time high
11.9%
in 2011
All-time low
5.3%
in 2025
Years of data
11
2011–2025

Remittance costs as a proportion of the amount remitted in Canada, 2011–2025

02.557.51012.52011201820252011: 11.9 %2015: 9.1 %2017: 7.3 %2018: 8 %2019: 7.9 %2020: 6.3 %2021: 6.6 %2022: 6.6 %2023: 6 %2024: 6.3 %2025: 5.3 %

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

Analysis

In 2025, remittance costs as a proportion of the amount remitted in Canada stood at 5.3%. That is the lowest value across all 11 years on record.

The figure is down 16.3% on the previous year and down 42.0% over ten years.

Over the whole period, remittance costs as a proportion of the amount remitted in Canada peaked at 11.9% in 2011 and was at its lowest, 5.3%, in 2025.

Canada ranks 26th of 47 countries on this measure, in the middle of the range.

The long-run direction has been consistently falling across the 11 years of available data.

Remittance costs as a proportion of the amount remitted in Canada, year by year

Annual values for Remittance costs as a proportion of the amount remitted in Canada, 2011 to 2025.
Year % Change
2011 11.9%
2015 9.1% -23.5%
2017 7.3% -19.7%
2018 8.0% +10.0%
2019 7.9% -1.0%
2020 6.3% -21.0%
2021 6.6% +5.3%
2022 6.6% +0.0%
2023 6.0% -9.7%
2024 6.3% +5.7%
2025 5.3% -16.3%

Canada compared with similar countries

  • Canada's 5.3% is above the median for high income countries, which is 5.1%, 1.0× the median. (30 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2010s 8.8% 7.3% 11.9% 5
2020s 6.2% 5.3% 6.6% 6

Countries ranked near Canada

  1. 24 South Korea 5.5% compare
  2. 25 Spain 5.4% compare
  3. 27 Australia 5.2% compare
  4. 27 France 5.2% compare
  5. 29 United States 5.0% compare

See the full ranking of 47 places →

More reference data data for Canada

All data for Canada →

Frequently asked questions

What is remittance costs as a proportion of the amount remitted in Canada?
Remittance costs as a proportion of the amount remitted in Canada was 5.3% in 2025, according to World Bank – processed by Our World in Data.
What is the highest remittance costs as a proportion of the amount remitted recorded in Canada?
The highest recorded value was 11.9% in 2011.
What is the lowest remittance costs as a proportion of the amount remitted recorded in Canada?
The lowest recorded value was 5.3% in 2025.
How does Canada rank for remittance costs as a proportion of the amount remitted?
Canada ranks 26th out of 47 countries with data for 2025.
Is remittance costs as a proportion of the amount remitted rising or falling in Canada?
Over the last ten years it is down 42.0%. The long-run trend across the full record is falling.
Where does this Canada data come from?
The figures come from World Bank – 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.

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Remittance costs as a proportion of the amount remitted in Canada. Statizoid, drawing on World Bank – processed by Our World in Data. Retrieved 24 September 2026, from https://reference.statizoid.com/stat/remittance-costs-as-share-of-amount-remitted/canada/

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About this data

Indicator
Remittance costs as a proportion of the amount remitted
Unit
%
Source
World Bank – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
47 places, 475 data points, 2011–2025
Last refreshed

Average remittance costs of sending $200 for a sending country as a proportion of the amount remitted (%).