Remittance costs as share of amount remitted in Singapore

Singapore: Remittance costs as share of amount remitted was 3.68 in 2021. ▼ Falling

Latest (2021)
3.68
Change on year
up 11.2%
World rank
39th
of 46 countries
All-time high
5.94
in 2015
All-time low
3.31
in 2020
Years of data
7
2011–2021

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

02462011201620212011: 4.62015: 5.92017: 4.52018: 4.12019: 42020: 3.32021: 3.7

Source: Our World in Data.

Analysis

In 2021, remittance costs as share of amount remitted in Singapore stood at 3.68.

Compared with earlier readings it is up 11.2% on the previous year and down 20.5% over ten years.

Over the whole period, remittance costs as share of amount remitted in Singapore peaked at 5.94 in 2015 and was at its lowest, 3.31, in 2020.

Singapore ranks 39th of 46 countries on this measure, in the bottom quarter.

Averages by decade

DecadeAverage LowestHighest Years
2010s 4.65 4.04 5.94 5
2020s 3.5 3.31 3.68 2

Countries ranked near Singapore

  1. 36 South Korea 4.18 compare
  2. 37 United Arab Emirates 3.89 compare
  3. 38 Malaysia 3.82 compare
  4. 40 Dominican Republic 3.55 compare
  5. 41 Qatar 3.49 compare
  6. 42 Senegal 3.45 compare

See the full ranking of 46 places →

More reference data data for Singapore

All data for Singapore →

Frequently asked questions

What is remittance costs as share of amount remitted in Singapore?
Remittance costs as share of amount remitted in Singapore was 3.68 in 2021, according to Our World in Data.
What is the highest remittance costs as share of amount remitted recorded in Singapore?
The highest recorded value was 5.94 in 2015.
What is the lowest remittance costs as share of amount remitted recorded in Singapore?
The lowest recorded value was 3.31 in 2020.
How does Singapore rank for remittance costs as share of amount remitted?
Singapore ranks 39th out of 46 countries with data for 2021.
Is remittance costs as share of amount remitted rising or falling in Singapore?
Over the last ten years it is down 20.5%. The long-run trend across the full record is falling.
Where does this Singapore 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