Remittance costs as a proportion of the amount remitted

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Headline data

Remittance costs as a percentage of the amount remitted
Year Value Units Series Observation status Unit multiplier
2013 Q1 7.96 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2013 Q2 7.69 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2013 Q3 8.4 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2013 Q4 8.38 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2014 Q1 7.86 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2014 Q2 7.8 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2014 Q3 7.56 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2014 Q4 7.55 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2015 Q1 7.49 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2015 Q2 7.2 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2015 Q3 7.41 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2015 Q4 7.25 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2016 Q1 7.29 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2016 Q2 7.25 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2016 Q3 7.35 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2016 Q4 7.43 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2017 Q1 7.86 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2017 Q2 7.55 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2017 Q3 7.01 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2017 Q4 7.29 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2018 Q1 7.11 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2018 Q2 6.96 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2018 Q3 7.08 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2018 Q4 6.89 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2019 Q1 6.97 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2019 Q2 7.01 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2019 Q3 7.28 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2019 Q4 7.23 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2020 Q1 7.42 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2020 Q2 6.74 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2020 Q3 6.57 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2020 Q4 6.48 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2021 Q1 6.44 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2021 Q2 6.25 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2021 Q3 6.06 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2021 Q4 5.65 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2022 Q1 5.64 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2022 Q2 5.62 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units
2022 Q3 6.33 Percentage (%) Remittance costs as a proportion of the amount remitted Normal value Units

Source: World Bank (WB)

Geographical Area: United Kingdom

Unit of Measurement: Percentage (%)

Footnote: Please note the y axis does not go to 100% for ease of visualisation.

This table provides metadata for the actual indicator available from UK statistics closest to the corresponding global SDG indicator. Please note that even when the global SDG indicator is fully available from UK statistics, this table should be consulted for information on national methodology and other UK-specific metadata information.

Indicator available

Remittance costs as a proportion of the amount remitted
Indicator description

This indicator provides remittance costs as a percentage of the amount remitted
Geographical coverage

United Kingdom
Unit of measurement

Percentage (%)
Definitions

Remittances - Cost of sending and receiving small amounts of money from one country to another. These international transfers are often initiated by migrant workers.
Available disaggregations

Not available for this indicator
Calculations

Average Total Cost is calculated as the average total cost for sending USD 200 with all Remittance Service Providers worldwide.
Other information

See the Remittance Prices Worldwide methodology for more information. Data follows the UN specification for this indicator. This indicator has been identified in collaboration with topic experts.
Data last updated 28 April 2023
Metadata last updated 28 April 2023

This table provides information on metadata for SDG indicators as defined by the UN Statistical Commission. Complete global metadata is provided by the UN Statistics Division.

Indicator name

Remittance costs as a proportion of the amount remitted
Target name

By 2030, reduce to less than 3 per cent the transaction costs of migrant remittances and eliminate remittance corridors with costs higher than 5 per cent
UN designated tier

Tier I
UN custodian agency

World Bank (WB)
Link to UN metadata United Nations Sustainable Development Goals metadata for target 10.c opens in a new window

Source 1

Organisation

World Bank (WB)
Periodicity

Quarterly
Earliest available data

Q1 2013
Geographical coverage

United Kingdom
Link to data source Remittance Prices Worldwide 2022 opens in a new window
Release date 01 March 2022
Next release

See source link: We plan to update indicator data within 4 months of data being released
Statistical classification

Not available for this source
Contact details

paymentsystems@worldbank.org
Other information

Table 3 - Total average in G20 sending countries (%)
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