Italy vs Kuwait: Average transaction cost of sending remittances from a specific
Italy
2.2%
in 2023
Kuwait
2.4%
in 2023
Italy rank
37th
Kuwait rank
34th
Average transaction cost of sending remittances from a specific over time
- Italy
- Kuwait
How they compare
Kuwait currently reports 2.4% against 2.2% in Italy, a difference of 0.2%.
That makes Kuwait's figure about 1.1 times Italy's.
The two have swapped places 1 time across 8 shared years of data; in 2016 it was Italy ahead.
Italy ranks 37th and Kuwait ranks 34th of 44 countries.
Italy has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Italy | Kuwait | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 5.8% | 2.5% | 3.3% | Italy |
| 2020s | 4.4% | 2.5% | 1.9% | Italy |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher average transaction cost of sending remittances from a specific, Italy or Kuwait?
- Kuwait, at 2.4% against 2.2% in Italy as of 2023.
- What is the difference in average transaction cost of sending remittances from a specific between Italy and Kuwait?
- 0.2%, with Kuwait ahead.
- How many years of comparable data are there for Italy and Kuwait?
- 8 years are reported by both, from 2016 to 2023.
- How do Italy and Kuwait rank globally for average transaction cost of sending remittances from a specific?
- Italy ranks 37th 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.