Remittance costs as a proportion of the amount remitted in Kuwait

Kuwait: Remittance costs as a proportion of the amount remitted was 3.0% in 2021. ▬ Flat

Latest (2021)
3.0%
Change on year
down 12.9%
World rank
43rd
of 46 countries
All-time high
3.4%
in 2020
All-time low
2.9%
in 2019
Years of data
5
2017–2021

Remittance costs as a proportion of the amount remitted in Kuwait, 2017–2021

01232017201920212017: 3.2 %2018: 3.1 %2019: 2.9 %2020: 3.4 %2021: 3 %

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 Kuwait is 3.0%, measured in 2021.

The figure is down 12.9% on the previous year and down 6.6% over five years.

That places Kuwait 43rd out of 46 countries with data for 2021, putting it in the bottom quarter.

Averages by decade

DecadeAverage LowestHighest Years
2010s 3.0% 2.9% 3.2% 3
2020s 3.2% 3.0% 3.4% 2

Countries ranked near Kuwait

  1. 40 Dominican Republic 3.5% compare
  2. 41 Qatar 3.5% compare
  3. 42 Senegal 3.5% compare
  4. 44 Russia 2.9% compare
  5. 45 Cote d'Ivoire 2.6% compare
  6. 46 Bahrain 2.5% compare

See the full ranking of 46 places →

More reference data data for Kuwait

All data for Kuwait →

Frequently asked questions

What is remittance costs as a proportion of the amount remitted in Kuwait?
Remittance costs as a proportion of the amount remitted in Kuwait was 3.0% 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 Kuwait?
The highest recorded value was 3.4% in 2020.
What is the lowest remittance costs as a proportion of the amount remitted recorded in Kuwait?
The lowest recorded value was 2.9% in 2019.
How does Kuwait rank for remittance costs as a proportion of the amount remitted?
Kuwait ranks 43rd out of 46 countries with data for 2021.
Where does this Kuwait 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 — 5 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.