Australia vs Kuwait: Average transaction cost of sending remittances from a specific
Australia
2.9%
in 2023
Kuwait
2.4%
in 2023
Australia rank
31st
Kuwait rank
34th
Average transaction cost of sending remittances from a specific over time
- Australia
- Kuwait
How they compare
Australia currently reports 2.9% against 2.4% in Kuwait, a difference of 0.5%.
That makes Australia's figure about 1.2 times Kuwait's.
Across all 8 years both countries report, Australia has been ahead every year.
Australia ranks 31st and Kuwait ranks 34th of 44 countries.
Australia has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Australia | Kuwait | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 5.4% | 2.5% | 2.9% | Australia |
| 2020s | 3.5% | 2.5% | 1.0% | 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 Kuwait?
- Australia, at 2.9% against 2.4% in Kuwait as of 2023.
- What is the difference in average transaction cost of sending remittances from a specific between Australia and Kuwait?
- 0.5%, with Australia ahead.
- How many years of comparable data are there for Australia and Kuwait?
- 8 years are reported by both, from 2016 to 2023.
- How do Australia and Kuwait rank globally for average transaction cost of sending remittances from a specific?
- Australia ranks 31st and Kuwait ranks 34th 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.