Remittance costs as share of amount remitted in Malaysia

Malaysia: Remittance costs as share of amount remitted was 3.82 in 2021. ▼ Falling

Latest (2021)
3.82
Change on year
down 8.6%
World rank
38th
of 46 countries
All-time high
5.94
in 2015
All-time low
3.82
in 2021
Years of data
7
2011–2021

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

02462011201620212011: 4.92015: 5.92017: 4.72018: 4.82019: 42020: 4.22021: 3.8

Source: Our World in Data.

Analysis

In 2021, remittance costs as share of amount remitted in Malaysia stood at 3.82. That is the lowest value across all 7 years on record.

The figure is down 8.6% on the previous year and down 21.6% over ten years.

Over the whole period, remittance costs as share of amount remitted in Malaysia peaked at 5.94 in 2015 and was at its lowest, 3.82, in 2021.

Malaysia ranks 38th of 46 countries on this measure, in the bottom quarter.

Averages by decade

DecadeAverage LowestHighest Years
2010s 4.84 4 5.94 5
2020s 4 3.82 4.18 2

Countries ranked near Malaysia

  1. 35 Oman 4.31 compare
  2. 36 South Korea 4.18 compare
  3. 37 United Arab Emirates 3.89 compare
  4. 39 Singapore 3.68 compare
  5. 40 Dominican Republic 3.55 compare
  6. 41 Qatar 3.49 compare

See the full ranking of 46 places →

More reference data data for Malaysia

All data for Malaysia →

Frequently asked questions

What is remittance costs as share of amount remitted in Malaysia?
Remittance costs as share of amount remitted in Malaysia was 3.82 in 2021, according to Our World in Data.
What is the highest remittance costs as share of amount remitted recorded in Malaysia?
The highest recorded value was 5.94 in 2015.
What is the lowest remittance costs as share of amount remitted recorded in Malaysia?
The lowest recorded value was 3.82 in 2021.
How does Malaysia rank for remittance costs as share of amount remitted?
Malaysia ranks 38th out of 46 countries with data for 2021.
Is remittance costs as share of amount remitted rising or falling in Malaysia?
Over the last ten years it is down 21.6%. The long-run trend across the full record is falling.
Where does this Malaysia 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.

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 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