Remittance costs as a proportion of the amount remitted in Germany

Germany: Remittance costs as a proportion of the amount remitted was 6.4% in 2021. ▼ Falling

Latest (2021)
6.4%
Change on year
down 14.7%
World rank
21st
of 46 countries
All-time high
12.6%
in 2011
All-time low
6.4%
in 2021
Years of data
7
2011–2021

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

0510152011201620212011: 12.6 %2015: 7.3 %2017: 7.6 %2018: 7.3 %2019: 7.6 %2020: 7.5 %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 Germany is 6.4%, measured in 2021. That is the lowest value across all 7 years on record.

The figure is down 14.7% on the previous year and down 49.6% over ten years.

Over the whole period, remittance costs as a proportion of the amount remitted in Germany peaked at 12.6% in 2011 and was at its lowest, 6.4%, in 2021.

That places Germany 21st out of 46 countries with data for 2021, putting it in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
2010s 8.5% 7.3% 12.6% 5
2020s 6.9% 6.4% 7.5% 2

Countries ranked near Germany

  1. 18 Canada 6.6% compare
  2. 19 Netherlands 6.5% compare
  3. 20 Austria 6.4% compare
  4. 22 Switzerland 6.3% compare
  5. 23 France 6.2% compare
  6. 24 United Kingdom 6.1% compare

See the full ranking of 46 places →

More reference data data for Germany

All data for Germany →

Frequently asked questions

What is remittance costs as a proportion of the amount remitted in Germany?
Remittance costs as a proportion of the amount remitted in Germany 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 Germany?
The highest recorded value was 12.6% in 2011.
What is the lowest remittance costs as a proportion of the amount remitted recorded in Germany?
The lowest recorded value was 6.4% in 2021.
How does Germany rank for remittance costs as a proportion of the amount remitted?
Germany ranks 21st out of 46 countries with data for 2021.
Is remittance costs as a proportion of the amount remitted rising or falling in Germany?
Over the last ten years it is down 49.6%. The long-run trend across the full record is falling.
Where does this Germany 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

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

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.