Quarterly transaction speed of remittances leaving Australia 2016-2024

Transaction speed for traditional and digital remittances from Australia toward any other country from 2nd quarter 2016 to 1st quarter 2024

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Release date

July 2024

Region

Australia

Survey time period

Q2 2016 to Q1 2024

Number of respondents

9,895 recorded channels since Q2 2016

Special properties

Figures are based on the remittance channels that exist in a remittance sending and/or receiving country.

Supplementary notes

The figures provided have been calculated by Statista based off the Remittance Prices Worldwide from the World Bank and a methodology shared in a report from the OMFIF. This source reports the remittance channels that exist in a remittance sending and/or receiving country. The figures are shown are therefore not based off the number of remittances or the transaction value of remittances.

The World Bank launched a work group in 2023 to standardize remittance data in the future and better map out the topic. This includes an attempt at providing more detailed remittance flow information. The initial results of this work group are expected in the second half of 2024. More information can be found here.

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Statistics on " Remittance flows by country worldwide "

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5

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Europe

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Latin America and the Caribbean

5

Middle East and Central Asia

5

North America

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South Asia, East Asia, Australia and Oceania

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Southeast Asia

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