Quarterly remittance costs from the G20 as a whole 2011-2024

Published by

Aug 18, 2025

On average, the costs of sending remittance from G20 countries have been consistently decreasing for the last couple of years. Just in 2021, the average cost of remittance dropped half a percent from

****

in Quarter 1 of 2021 to

****

percent in Quarter 4 of 2021. As of Quarter 3 of 2024, the average cost of remittance is

****

percent.

Total average cost of sending 200 U.S. dollars worth of remittances from the G20 as a whole from 1st quarter of 2011 to 3rd quarter of 2024

Characteristic	Cost of transaction as share of total amount of remittance
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Release date

January 2024

More information

Region

Worldwide

Survey time period

Q3 2024

Special properties

Includes cash, bank account transfers, credit cards, debit cards, prepaid cards, and mobile money

Supplementary notes

The source states it investigates 105 remittance receiving countries, compared to 48 remittance sending countries. It is therefore likely that not all countries have data for both situations.

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