Quarterly remittance costs from the G20 as a whole 2011-2023

Published by
Raynor de Best,
Apr 8, 2024
On average, the costs of sending remittance from G20 countries has been consistently decreasing for the last couple years. Just in 2021, the average cost of remittance dropped half a percent from 6.49 in Quarter 1 of 2021 to 6 percent in Quarter 4 of 2021.

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 2023

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Sources

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Release date

January 2024

Region

Worldwide

Survey time period

Q3 2023

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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RemittanceGross Domestic Product (GDP) worldwideGlobal economyGlobal economic indicatorsCBDC (Central Bank Digital Currencies)
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