Remittance costs in Europe as of Q1 2024, by country

Published by
Raynor de Best,
Dec 10, 2024

Sending remittances to Bulgaria was noticeably more expensive in the first quarter of 2024 than to other countries in Europe, such as Croatia or Lithuania. This is according to an average taken from different situation in which consumers send money worth 200 U.S. dollars from one country to the next - including cash, MTOs (money transfer organizations) or cards.

Total average cost of sending and/or receiving 200 U.S. dollars worth of remittances from/to individual countries in Europe in 1st quarter of 2024

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Sources

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Release date

July 2024

Region

Albania, Austria, Belgium, Bosnia and Herzegovina, Bulgaria, Belarus, Croatia, Czechia, Estonia, France, Germany, Hungary, Italy, Latvia, Lithuania, Moldova, Netherlands, Norway, Poland, Portugal, Romania, Russia, Serbia, Spain, Sweden, Switzerland, Turkey, Ukraine, North Macedonia, United Kingdom, Kosovo

Survey time period

Q1 2024

Special properties

Figures are released irregularly, meaning delays may occur; includes cash, bank account tranfers, credit cards, debit cards, prepaid cards, and mobile money

Supplementary notes

The source states it investigates 105 remittance receiving countries, compared to 48 remittance sending countries. It is therefore likely that not all countries have data for both situations.

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Statistics on " Payments in Europe "

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(Credit) cards

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6

Alternative payment methods (APMs)

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Cross-border payments

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Remittances

6

Miscellaneous

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Outlook

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Topics

RemittanceGross Domestic Product (GDP) worldwideGlobal economyGlobal economic indicatorsCBDC (Central Bank Digital Currencies)
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