Average transaction cost of sending remittances from a specific in United Arab Emirates
United Arab Emirates: Average transaction cost of sending remittances from a specific was 3.1% in 2023. ▼ Falling
Average transaction cost of sending remittances from a specific in United Arab Emirates, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
United Arab Emirates recorded 3.1% for average transaction cost of sending remittances from a specific in 2023.
The figure is up 30.7% on the previous year and down 15.7% over ten years.
That places United Arab Emirates 24th out of 44 countries with data for 2023, putting it in the middle of the range.
Average transaction cost of sending remittances from a specific in United Arab Emirates, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 3.7% | — |
| 2017 | 4.9% | +33.6% |
| 2018 | 3.0% | -37.6% |
| 2019 | 2.6% | -14.4% |
| 2020 | 3.4% | +30.2% |
| 2021 | 3.8% | +12.5% |
| 2022 | 2.4% | -38.3% |
| 2023 | 3.1% | +30.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 3.5% | 2.6% | 4.9% | 4 |
| 2020s | 3.2% | 2.4% | 3.8% | 4 |
Countries ranked near United Arab Emirates
- 21 Thailand 3.6% compare
- 22 United Kingdom of Great Britain and Northern Ireland 3.6% compare
- 23 United States of America 3.5% compare
- 25 Côte d'Ivoire 3.1% compare
- 26 Netherlands 3.0% compare
- 27 Germany 3.0% compare
More financial sector data for United Arab Emirates
- Reserve position in the IMF, US dollar, annual growth rate 3.08 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0014 units per US$ of GDP (2024)
- Reserve position in the IMF, US dollar, per capita 69.02 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate -1.84 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0011 units per US$ of GDP (2024)
- Reserve position in the IMF, SDR, per capita 50.4 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 3.08 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0014 units per US$ of GDP (2024)
- Reserve tranche position, US dollar, per capita 69.02 units per person (2025)
- Reserve tranche position, SDR, annual growth rate -1.84 % change on previous year (2025)
Frequently asked questions
- What is average transaction cost of sending remittances from a specific in United Arab Emirates?
- Average transaction cost of sending remittances from a specific in United Arab Emirates was 3.1% 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 United Arab Emirates?
- The highest recorded value was 4.9% in 2017.
- What is the lowest average transaction cost of sending remittances from a specific recorded in United Arab Emirates?
- The lowest recorded value was 2.4% in 2022.
- How does United Arab Emirates rank for average transaction cost of sending remittances from a specific?
- United Arab Emirates ranks 24th out of 44 countries with data for 2023.
- Is average transaction cost of sending remittances from a specific rising or falling in United Arab Emirates?
- Over the last ten years it is down 15.7%. The long-run trend across the full record is falling.
- Where does this United Arab Emirates 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.