Sending remittances to Myanmar and the Philippines was significantly cheaper than to Cambodia, as of the first quarter of 2023. 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. The source adds that incoming remittances were estimated at 6.39 percent on average for the G20 countries during this timeframe.
Total average cost of sending and/or receiving 200 U.S. dollars worth of remittances from/to individual countries in Southeast Asia in 3rd quarter of 2023
Characteristic
Average costs of sending 200 U.S. dollars from
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Myanmar [Burma], Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Vietnam, Thailand
Survey time period
Q3 2023
Special properties
Includes cash, bank account transfers, 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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Statista. (January 11, 2024). Total average cost of sending and/or receiving 200 U.S. dollars worth of remittances from/to individual countries in Southeast Asia in 3rd quarter of 2023 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1388223/cost-sending-money-southeast-asia-destination/
Statista. "Total average cost of sending and/or receiving 200 U.S. dollars worth of remittances from/to individual countries in Southeast Asia in 3rd quarter of 2023." Chart. January 11, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1388223/cost-sending-money-southeast-asia-destination/
Statista. (2024). Total average cost of sending and/or receiving 200 U.S. dollars worth of remittances from/to individual countries in Southeast Asia in 3rd quarter of 2023. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1388223/cost-sending-money-southeast-asia-destination/
Statista. "Total Average Cost of Sending And/or Receiving 200 U.S. Dollars worth of Remittances From/to Individual Countries in Southeast Asia in 3rd Quarter of 2023." Statista, Statista Inc., 11 Jan 2024, https://www.statista.com/statistics/1388223/cost-sending-money-southeast-asia-destination/
Statista, Total average cost of sending and/or receiving 200 U.S. dollars worth of remittances from/to individual countries in Southeast Asia in 3rd quarter of 2023 Statista, https://www.statista.com/statistics/1388223/cost-sending-money-southeast-asia-destination/ (last visited July 22, 2024)
Total average cost of sending and/or receiving 200 U.S. dollars worth of remittances from/to individual countries in Southeast Asia in 3rd quarter of 2023 [Graph], Statista, January 11, 2024. [Online]. Available: https://www.statista.com/statistics/1388223/cost-sending-money-southeast-asia-destination/