Average transaction cost of sending remittances from a specific in Austria
Austria: Average transaction cost of sending remittances from a specific was 1.8% in 2023. ◆ Volatile
Average transaction cost of sending remittances from a specific in Austria, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
In 2023, average transaction cost of sending remittances from a specific in Austria stood at 1.8%. That is the lowest value across all 8 years on record.
That represents a change of down 14.1% on the previous year and down 76.0% over ten years.
Austria ranks 41st of 44 countries on this measure, in the bottom quarter.
Average transaction cost of sending remittances from a specific in Austria, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 7.6% | — |
| 2017 | 3.6% | -52.4% |
| 2018 | 2.4% | -33.1% |
| 2019 | 2.5% | +3.3% |
| 2020 | 2.1% | -17.6% |
| 2021 | 1.9% | -8.4% |
| 2022 | 2.1% | +12.4% |
| 2023 | 1.8% | -14.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.0% | 2.4% | 7.6% | 4 |
| 2020s | 2.0% | 1.8% | 2.1% | 4 |
Countries ranked near Austria
More financial sector data for Austria
- Net domestic credit (current LCU), per capita 64,020 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 1.1 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate -0.4662 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 315.11 million SDR (2025)
- Gold reserves at market value 28.71 billion SDR (2025)
- Reserves excluding gold, foreign exchange 3.51 billion SDR (2025)
- Reserves excluding gold 10.31 billion SDR (2025)
- Total reserves (gold at market value) 39.02 billion SDR (2025)
- Total reserves (gold at national valuation) 38.65 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 4,197 SDR per person (2025)
Frequently asked questions
- What is average transaction cost of sending remittances from a specific in Austria?
- Average transaction cost of sending remittances from a specific in Austria was 1.8% in 2023, according to Remittance Prices Worldwide, World Bank (WB).
- What is the highest average transaction cost of sending remittances from a specific recorded in Austria?
- The highest recorded value was 7.6% in 2016.
- What is the lowest average transaction cost of sending remittances from a specific recorded in Austria?
- The lowest recorded value was 1.8% in 2023.
- How does Austria rank for average transaction cost of sending remittances from a specific?
- Austria ranks 41st out of 44 countries with data for 2023.
- Is average transaction cost of sending remittances from a specific rising or falling in Austria?
- Over the last ten years it is down 76.0%. The long-run trend across the full record is volatile.
- Where does this Austria data come from?
- The figures come from Remittance Prices Worldwide, World Bank (WB), published as part of Average transaction cost of sending remittances from a specific country (%). Statizoid updates them automatically from the source API.
Download this data
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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.