Australia vs Japan: Average transaction cost of sending remittances from a specific
Australia
2.9%
in 2023
Japan
2.6%
in 2023
Australia rank
31st
Japan rank
33rd
Average transaction cost of sending remittances from a specific over time
- Australia
- Japan
How they compare
Australia currently reports 2.9% against 2.6% in Japan, a difference of 0.3%.
That makes Australia's figure about 1.1 times Japan's.
The two have swapped places 1 time across 8 shared years of data; in 2016 it was Japan ahead.
Australia ranks 31st and Japan ranks 33rd of 44 countries.
Australia has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Australia | Japan | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 5.4% | 5.1% | 0.3% | Australia |
| 2020s | 3.5% | 2.8% | 0.7% | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher average transaction cost of sending remittances from a specific, Australia or Japan?
- Australia, at 2.9% against 2.6% in Japan as of 2023.
- What is the difference in average transaction cost of sending remittances from a specific between Australia and Japan?
- 0.3%, with Australia ahead.
- How many years of comparable data are there for Australia and Japan?
- 8 years are reported by both, from 2016 to 2023.
- How do Australia and Japan rank globally for average transaction cost of sending remittances from a specific?
- Australia ranks 31st and Japan ranks 33rd of 44 countries.
- Where does this data come from?
- Remittance Prices Worldwide, World Bank (WB), published as Average transaction cost of sending remittances from a specific country (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Average transaction cost of sending remittance from a specific country is the average of the total transaction cost in percentage of the amount sent for sending USD 200 charged by each single remittance service provider (RSP) included in the Remittance Prices Worldwide (RPW) database from a specific country.