Remittance costs as share of amount remitted in United Kingdom

United Kingdom: Remittance costs as share of amount remitted was 6.06 in 2021. ▼ Falling

Latest (2021)
6.06
Change on year
down 7.8%
World rank
24th
of 46 countries
All-time high
7.73
in 2011
All-time low
6.06
in 2021
Years of data
7
2011–2021

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

024682011201620212011: 7.72015: 7.42017: 72018: 7.12019: 7.32020: 6.62021: 6.1

Source: Our World in Data.

Analysis

The most recent figure for remittance costs as share of amount remitted in United Kingdom is 6.06, measured in 2021. That is the lowest value across all 7 years on record.

The figure is down 7.8% on the previous year and down 21.6% over ten years.

Over the whole period, remittance costs as share of amount remitted in United Kingdom peaked at 7.73 in 2011 and was at its lowest, 6.06, in 2021.

That places United Kingdom 24th out of 46 countries with data for 2021, putting it in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
2010s 7.3 7.01 7.73 5
2020s 6.31 6.06 6.57 2

Countries ranked near United Kingdom

  1. 21 Germany 6.37 compare
  2. 22 Switzerland 6.28 compare
  3. 23 France 6.21 compare
  4. 25 Portugal 6.03 compare
  5. 26 United States 5.61 compare
  6. 27 Chile 5.26 compare

See the full ranking of 46 places →

More reference data data for United Kingdom

All data for United Kingdom →

Frequently asked questions

What is remittance costs as share of amount remitted in United Kingdom?
Remittance costs as share of amount remitted in United Kingdom was 6.06 in 2021, according to Our World in Data.
What is the highest remittance costs as share of amount remitted recorded in United Kingdom?
The highest recorded value was 7.73 in 2011.
What is the lowest remittance costs as share of amount remitted recorded in United Kingdom?
The lowest recorded value was 6.06 in 2021.
How does United Kingdom rank for remittance costs as share of amount remitted?
United Kingdom ranks 24th out of 46 countries with data for 2021.
Is remittance costs as share of amount remitted rising or falling in United Kingdom?
Over the last ten years it is down 21.6%. The long-run trend across the full record is falling.
Where does this United Kingdom 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