Austria vs Singapore: Average transaction cost of sending remittances from a specific
Austria
1.8%
in 2023
Singapore
2.0%
in 2023
Austria rank
41st
Singapore rank
40th
Average transaction cost of sending remittances from a specific over time
- Austria
- Singapore
How they compare
Singapore currently reports 2.0% against 1.8% in Austria, a difference of 0.2%.
That makes Singapore's figure about 1.1 times Austria's.
The two have swapped places 3 times across 8 shared years of data; in 2016 it was Austria ahead.
Austria ranks 41st and Singapore ranks 40th of 44 countries.
Across the 2 decades both report, Austria averaged higher in 1 and Singapore in 1.
Head to head by decade
| Decade | Austria | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 4.0% | 4.1% | 0.1% | Singapore |
| 2020s | 2.0% | 1.5% | 0.5% | Austria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher average transaction cost of sending remittances from a specific, Austria or Singapore?
- Singapore, at 2.0% against 1.8% in Austria as of 2023.
- What is the difference in average transaction cost of sending remittances from a specific between Austria and Singapore?
- 0.2%, with Singapore ahead.
- How many years of comparable data are there for Austria and Singapore?
- 8 years are reported by both, from 2016 to 2023.
- How do Austria and Singapore rank globally for average transaction cost of sending remittances from a specific?
- Austria ranks 41st and Singapore ranks 40th 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.