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Indicator 10.c.1 Remittance costs as a proportion of the amount remitted

Sub-categories

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Headline data

Source: World Bank (WB)

Geographical Area: United Kingdom

Unit of Measurement: Percentage (%)

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
Indicator description
Geographical coverage

United Kingdom

Unit of measurement

Percentage (%)

Definitions

This indicator provides data on the cost of sending and receiving small amounts of money from one country to another. Called remittances, these international transfers are often initiated by migrant workers.

Available disaggregations
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 2020-10-16: see changes on GitHub opens in a new window
Metadata last updated 2020-10-16: see changes on GitHub opens in a new window

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

Global indicator description
UN designated tier

Tier I

UN custodian agency

World Bank (WB)

Link to UN metadata United Nations Sustainable Development Goals Metadata (PDF 4.0 MB) opens in a new window

Source 1

Organisation

World Bank (WB)

Periodicity

Quarterly

Earliest available data

Q1 2014

Geographical coverage

United Kingdom

Link to data source Remittance Prices Worldwide 2019 opens in a new window
Release date

01/03/2019

Next release

TBC

Statistical classification
Contact details

paymentsystems@worldbank.org

Other information

Table 2 - Quarterly and Yearly Variation for G8 Countries (Q1 2014 - Q1 2019) (%)

Source 2

Organisation

World Bank (WB)

Periodicity

Quarterly

Earliest available data

Q1 2013

Geographical coverage

United Kingdom

Link to data source Remittance Prices Worldwide 2018 opens in a new window
Release date

01/03/2018

Next release

01/03/2019

Statistical classification
Contact details

paymentsystems@worldbank.org

Other information