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Headline data

Average remittance costs of sending $200 for a sending country as a proportion of the amount remitted (%)
Year Value
2011 6.36
2015 5.43
2017 4.81
2018 5.07
2019 4.87
2020 4.74
2021 4.18

Source: World Bank (WB)

Sub-indicators: 퍼센트(%)

Data type

Estimated data by international organizations (Type2)
This is Korean data prepared by international organizations through estimation and modeling. If there are no national data corresponding to UN SDGs indicators, international data are available for monitoring.
Indicator name

Remittance costs as a proportion of the amount remitted
Definition

The total cost for migrants to send $200 (or equivalent in local sending currency) expressed as a proportion of the amount remitted. The remittance costs include remittance fees and foreign exchange margins.
Data collection

(200달러 송금에 드는 비용/200달러) x 100
Organizations

World Bank (WB)
Metadata https://kostat-sdg-kor.github.io/sdg-indicators/public/data/Metadata-10-0c-01_ENG.pdf opens in a new window

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
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
Organizations

World Bank (WB)
Metadata https://unstats.un.org/sdgs/metadata/files/Metadata-10-0c-01.pdf opens in a new window