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% |
Austria compared with similar countries
- Austria's 1.8% is below the median for high income countries, which is 3.0%, 60% of the median. (30 countries reporting)
- Austria's 1.8% is below the median for Europe & Central Asia, which is 2.9%, 63% of the median. (15 countries reporting)
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
- Reserve position in the IMF, US dollar, annual growth rate 9.04 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0024 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 151.2 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 3.83 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 110.41 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 9.04 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0024 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 151.2 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 3.83 % change on previous year (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
CSV · JSON — 8 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.