Remittance costs as a proportion of the amount remitted in Chile

Chile: Remittance costs as a proportion of the amount remitted was 5.3% in 2021. β–² Rising

Latest (2021)
5.3%
Change on year
down 30.5%
World rank
27th
of 46 countries
All-time high
7.6%
in 2020
All-time low
2.6%
in 2019
Years of data
7
2011–2021

Remittance costs as a proportion of the amount remitted in Chile, 2011–2021

3456782011201620212011: 2.9 %2015: 5.2 %2017: 4.2 %2018: 4.6 %2019: 2.6 %2020: 7.6 %2021: 5.3 %

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

Analysis

In 2021, remittance costs as a proportion of the amount remitted in Chile stood at 5.3%.

Compared with earlier readings it is down 30.5% on the previous year and up 81.4% over ten years.

Over the whole period, remittance costs as a proportion of the amount remitted in Chile peaked at 7.6% in 2020 and was at its lowest, 2.6%, in 2019.

That places Chile 27th out of 46 countries with data for 2021, putting it in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
2010s 3.9% 2.6% 5.2% 5
2020s 6.4% 5.3% 7.6% 2

Countries ranked near Chile

  1. 24 United Kingdom 6.1% compare
  2. 25 Portugal 6.0% compare
  3. 26 United States 5.6% compare
  4. 28 Rwanda 5.2% compare
  5. 29 Spain 5.2% compare
  6. 30 Norway 5.1% compare

See the full ranking of 46 places β†’

More reference data data for Chile

All data for Chile β†’

Frequently asked questions

What is remittance costs as a proportion of the amount remitted in Chile?
Remittance costs as a proportion of the amount remitted in Chile was 5.3% 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 Chile?
The highest recorded value was 7.6% in 2020.
What is the lowest remittance costs as a proportion of the amount remitted recorded in Chile?
The lowest recorded value was 2.6% in 2019.
How does Chile rank for remittance costs as a proportion of the amount remitted?
Chile ranks 27th out of 46 countries with data for 2021.
Is remittance costs as a proportion of the amount remitted rising or falling in Chile?
Over the last ten years it is up 81.4%. The long-run trend across the full record is rising.
Where does this Chile 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.

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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.