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Reduced inequalities - Goal

Remittance costs as a proportion of the amount remitted

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

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Data follows the UN specification for this indicator and has been indentified in collaboration with topic experts.

The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org

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Remittance costs as a percentage of the amount remitted

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Headline data

Year Value
2013 Q1 7.96
2013 Q2 7.69
2013 Q3 8.4
2013 Q4 8.38
2014 Q1 7.86
2014 Q2 7.8
2014 Q3 7.56
2014 Q4 7.55
2015 Q1 7.49
2015 Q2 7.2
2015 Q3 7.41
2015 Q4 7.25
2016 Q1 7.29
2016 Q2 7.25
2016 Q3 7.35
2016 Q4 7.43
2017 Q1 7.86
2017 Q2 7.55
2017 Q3 7.01
2017 Q4 7.29
2018 Q1 7.11

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 percentage of the amount remitted
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.
Calculations Average Total Cost is calculated as the average total cost for sending USD 200 with all Remittance Service Providers worldwide.
Other information Remittance Prices Worldwide methodology
Data last updated 2018-04-23: see changes on GitHub opens in a new window
Metadata last updated 2018-05-31: 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
Indicator number 10.c.1
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
Target number 10.c
Global indicator description
UN designated tier 2
UN custodian agency World Bank
Link to UN metadata United Nations Sustainable Development Goals Metadata (pdf 564kB) opens in a new window
Organisation World Bank (WB)
Periodicity Quarterly
Earliest available data 2011
Geographical coverage United Kingdom
Link to data source The World Bank, Remittance Prices Worldwide opens in a new window
Release date
Next release
Statistical classification
Contact details paymentsystems@worldbank.org
Other information Remittance Prices Worldwide methodology