Remittance costs as a proportion of the amount remitted in Singapore
Singapore: Remittance costs as a proportion of the amount remitted was 4.0% in 2025. ▼ Falling
Remittance costs as a proportion of the amount remitted in Singapore, 2011–2025
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2025, remittance costs as a proportion of the amount remitted in Singapore stood at 4.0%.
Compared with earlier readings it is up 5.2% on the previous year and down 32.3% over ten years.
Over the whole period, remittance costs as a proportion of the amount remitted in Singapore peaked at 5.9% in 2015 and was at its lowest, 3.3%, in 2020.
Singapore ranks 42nd of 47 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 11 years of available data.
Remittance costs as a proportion of the amount remitted in Singapore, year by year
| Year | % | Change |
|---|---|---|
| 2011 | 4.6% | — |
| 2015 | 5.9% | +28.3% |
| 2017 | 4.5% | -23.4% |
| 2018 | 4.1% | -10.5% |
| 2019 | 4.0% | -0.7% |
| 2020 | 3.3% | -18.1% |
| 2021 | 3.7% | +11.2% |
| 2022 | 4.1% | +10.6% |
| 2023 | 4.1% | +1.2% |
| 2024 | 3.8% | -7.3% |
| 2025 | 4.0% | +5.2% |
Singapore compared with similar countries
- Singapore's 4.0% is below the median for high income countries, which is 5.1%, 78% of the median. (30 countries reporting)
- Singapore's 4.0% is below the median for East Asia & Pacific, which is 5.5%, 73% of the median. (7 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.6% | 4.0% | 5.9% | 5 |
| 2020s | 3.8% | 3.3% | 4.1% | 6 |
Countries ranked near Singapore
More reference data data for Singapore
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.008 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0066 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.0618 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.0618 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0269 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.0096 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.0378 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.2664 (2050)
- Emission Totals - Emissions (N2O) - Burning - Crop residues 0 (1992)
- Emission Totals - Emissions (N2O) - Agricultural Soils 0.2567 (2050)
Frequently asked questions
- What is remittance costs as a proportion of the amount remitted in Singapore?
- Remittance costs as a proportion of the amount remitted in Singapore was 4.0% in 2025, according to World Bank – processed by Our World in Data.
- What is the highest remittance costs as a proportion of the amount remitted recorded in Singapore?
- The highest recorded value was 5.9% in 2015.
- What is the lowest remittance costs as a proportion of the amount remitted recorded in Singapore?
- The lowest recorded value was 3.3% in 2020.
- How does Singapore rank for remittance costs as a proportion of the amount remitted?
- Singapore ranks 42nd out of 47 countries with data for 2025.
- Is remittance costs as a proportion of the amount remitted rising or falling in Singapore?
- Over the last ten years it is down 32.3%. The long-run trend across the full record is falling.
- Where does this Singapore data come from?
- The figures come from World Bank – 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 — 11 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Average remittance costs of sending $200 for a sending country as a proportion of the amount remitted (%).