Remittance costs as share of amount remitted in Saudi Arabia

Saudi Arabia: Remittance costs as share of amount remitted was 4.87 in 2021. ▲ Rising

Latest (2021)
4.87
Change on year
up 1.5%
World rank
31st
of 46 countries
All-time high
6.34
in 2018
All-time low
4.13
in 2011
Years of data
7
2011–2021

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

02462011201620212011: 4.12015: 4.12017: 5.12018: 6.32019: 52020: 4.82021: 4.9

Source: Our World in Data.

Analysis

In 2021, remittance costs as share of amount remitted in Saudi Arabia stood at 4.87.

Compared with earlier readings it is up 1.5% on the previous year and up 17.9% over ten years.

Over the whole period, remittance costs as share of amount remitted in Saudi Arabia peaked at 6.34 in 2018 and was at its lowest, 4.13, in 2011.

That places Saudi Arabia 31st out of 46 countries with data for 2021, putting it in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
2010s 4.94 4.13 6.34 5
2020s 4.83 4.8 4.87 2

Countries ranked near Saudi Arabia

  1. 28 Rwanda 5.21 compare
  2. 29 Spain 5.16 compare
  3. 30 Norway 5.07 compare
  4. 32 Brazil 4.81 compare
  5. 33 Italy 4.76 compare
  6. 34 Pakistan 4.7 compare

See the full ranking of 46 places →

More reference data data for Saudi Arabia

All data for Saudi Arabia →

Frequently asked questions

What is remittance costs as share of amount remitted in Saudi Arabia?
Remittance costs as share of amount remitted in Saudi Arabia was 4.87 in 2021, according to Our World in Data.
What is the highest remittance costs as share of amount remitted recorded in Saudi Arabia?
The highest recorded value was 6.34 in 2018.
What is the lowest remittance costs as share of amount remitted recorded in Saudi Arabia?
The lowest recorded value was 4.13 in 2011.
How does Saudi Arabia rank for remittance costs as share of amount remitted?
Saudi Arabia ranks 31st out of 46 countries with data for 2021.
Is remittance costs as share of amount remitted rising or falling in Saudi Arabia?
Over the last ten years it is up 17.9%. The long-run trend across the full record is rising.
Where does this Saudi Arabia 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