Go to top of page
Reported online
Data has been drawn from a national indicator or dataset and is an approximation of the UN SDG Indicator. We intend to continue to report using this dataset.

Remittance costs

The Pacific remains a high-cost remittance corridor. By the end of 2017, the average cost of sending money from Australia to the Pacific has decreased to 10.9 per cent of a $200 transfer, the lowest level since the World Bank began tracking costs in 2011.

The Department of Foreign Affairs and Trade has been actively advocating for the further reduction in remittance costs and has funded the SendMoneyPacific website, a comparison website which makes it easier to compare remittance costs. The website is located at https://www.sendmoneypacific.org/

National Metadata

This table provides metadata for the actual indicator available from Australia closest to the corresponding global SDG indicator. Please note that even when the global SDG indicator is fully available from Australian statistics, this table should be consulted for information on national methodology and other Australia-specific metadata information.

Responsible agency
The agency responsible for this data entry is The Treasury
Reporting Year
2018
Caveat
Data has been drawn from a national indicator or dataset and is an approximation of the UN SDG Indicator. We intend to continue to report using this dataset.
Indicator status
Reported online
Indicator description

Remittance costs as a proportion of the amount remitted

Methodology

nil

Other information

nil

Page updated
17 July 2018

Global Metadata

This table provides information on metadata for SDG indicators as defined by the UN Statistical Commission. Complete global metadata is provided by the UN Statistics Division.

Indicator name
Remittance costs as a proportion of the amount remitted
Indicator number
10.c.1
Target number
10.c
Target name

By 2030, reduce to less than 3 per cent the transaction costs of migrant remittances and eliminate remittance corridors with costs higher than 5 per cent

Global indicator description

Remittance costs as a proportion of the amount remitted

UN designated tier
Tier 2
UN custodian agency
World Bank
Link to UN metadata
United Nations Sustainable Development Goals Metadata (PDF 93.9kb)

Sources

Other

No other information for this indicator

Historic