In the fourth quarter of 2021, sending remittances from South Africa was most expensive, at 13.02 percent of the total transfer. This was more than twice the G20 average percentage cost. Sending remittance from Russia was the cheapest out of the selected G20 countries at 3.13 percent of the transferred amount of money.
Average cost of sending remittances from selected G20 countries as of the 4th quarter 2021
Characteristic
Cost of transaction as share of total amount of remittance
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World Bank. (December 31, 2021). Average cost of sending remittances from selected G20 countries as of the 4th quarter 2021 [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/962713/cost-of-sending-remittances-from-select-g20-countries/
World Bank. "Average cost of sending remittances from selected G20 countries as of the 4th quarter 2021." Chart. December 31, 2021. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/962713/cost-of-sending-remittances-from-select-g20-countries/
World Bank. (2021). Average cost of sending remittances from selected G20 countries as of the 4th quarter 2021. Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/962713/cost-of-sending-remittances-from-select-g20-countries/
World Bank. "Average Cost of Sending Remittances from Selected G20 Countries as of The 4th Quarter 2021." Statista, Statista Inc., 31 Dec 2021, https://www-statista-com.ezproxy.canberra.edu.au/statistics/962713/cost-of-sending-remittances-from-select-g20-countries/
World Bank, Average cost of sending remittances from selected G20 countries as of the 4th quarter 2021 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/962713/cost-of-sending-remittances-from-select-g20-countries/ (last visited September 20, 2024)
Average cost of sending remittances from selected G20 countries as of the 4th quarter 2021 [Graph], World Bank, December 31, 2021. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/962713/cost-of-sending-remittances-from-select-g20-countries/
