Remittance costs as share of amount remitted in Italy

Italy: Remittance costs as share of amount remitted was 4.76 in 2021. ▼ Falling

Latest (2021)
4.76
Change on year
down 22.6%
World rank
33rd
of 46 countries
All-time high
8.18
in 2011
All-time low
4.76
in 2021
Years of data
7
2011–2021

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

024682011201620212011: 8.22015: 62017: 62018: 6.12019: 6.32020: 6.22021: 4.8

Source: Our World in Data.

Analysis

In 2021, remittance costs as share of amount remitted in Italy stood at 4.76. That is the lowest value across all 7 years on record.

That represents a change of down 22.6% on the previous year and down 41.8% over ten years.

Over the whole period, remittance costs as share of amount remitted in Italy peaked at 8.18 in 2011 and was at its lowest, 4.76, in 2021.

That places Italy 33rd out of 46 countries with data for 2021, putting it in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
2010s 6.52 5.98 8.18 5
2020s 5.46 4.76 6.15 2

Countries ranked near Italy

  1. 30 Norway 5.07 compare
  2. 31 Saudi Arabia 4.87 compare
  3. 32 Brazil 4.81 compare
  4. 34 Pakistan 4.7 compare
  5. 35 Oman 4.31 compare
  6. 36 South Korea 4.18 compare

See the full ranking of 46 places →

More reference data data for Italy

All data for Italy →

Frequently asked questions

What is remittance costs as share of amount remitted in Italy?
Remittance costs as share of amount remitted in Italy was 4.76 in 2021, according to Our World in Data.
What is the highest remittance costs as share of amount remitted recorded in Italy?
The highest recorded value was 8.18 in 2011.
What is the lowest remittance costs as share of amount remitted recorded in Italy?
The lowest recorded value was 4.76 in 2021.
How does Italy rank for remittance costs as share of amount remitted?
Italy ranks 33rd out of 46 countries with data for 2021.
Is remittance costs as share of amount remitted rising or falling in Italy?
Over the last ten years it is down 41.8%. The long-run trend across the full record is falling.
Where does this Italy 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.

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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