Graph 1: Trends in the global cost of sending US$200 in remittances
Cost of sending US$200 (%)
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
10%
11%
12%
2011, q3
2012, q1
q3
2013, q1
q2
q3
q4
2014, q1
q2
q3
q4
2015, q1
q2
q3
q4
2016, q1
q2
q3
q4
2017, q1
q2
q3
q4
2018, q1
q2
q3
q4
2019, q1
q2
q3
q4
2020, q1
q2
q3
q4
2021, q1
q2
q3
q4
2022, q1
q2
q3
q4
2023, q1
2011, q3
2012, q1
q3
2013, q1
q2
q3
q4
2014, q1
q2
q3
q4
2015, q1
q2
q3
q4
2016, q1
q2
q3
q4
2017, q1
q2
q3
q4
2018, q1
q2
q3
q4
2019, q1
q2
q3
q4
2020, q1
q2
q3
q4
2021, q1
q2
q3
q4
2022, q1
q2
q3
q4
2023, q1
Cash
Digital
Global average
UN Sustainable Development Goals target
8
7.9
7.8
7.7
7.4
8.5
8.2
8
7.8
7.7
7.8
7.6
7.65
7.5
7.4
7.6
7.8
7.6
7.6
7.7
7.65
7.6
7.5
7.6
7.4
7.4
7.4
7.3
7.2
7.25
7.3
7.2
7.2
7.3
7.1
6.9
6.8
6.8
6.6
6.7
6.6
6.9
7
7
Cash
Digital
Global average
UN Sustainable Development Goals target
12
11.25
11.2
11.2
12.15
11.5
10.7
10.55
9.85
9.35
9.3
8.3
8.3
7.75
7.7
7.35
7.15
6.9
6.8
6.75
6.5
6.2
6
6
5.8
5.7
6
5.95
5.8
5.7
5.5
5.5
5.25
5.3
5.2
5.15
5
5
4.7
4.85
4.85
5.25
4.78
4.8
Cash
Digital
Global average
UN Sustainable Development Goals target
9.3
9.15
9.05
9.1
8.9
8.98
8.6
8.4
8.2
7.9
8.1
7.8
7.75
7.55
7.4
7.6
7.7
7.5
7.48
7.52
7.35
7.25
7.15
7.2
7.05
6.95
7.1
6.95
6.9
6.9
6.88
6.83
6.7
6.8
6.55
6.4
6.3
6.3
6.15
6.2
6.1
6.3
6.23
6.25
Cash
Digital
Global average
UN Sustainable Development Goals target
Source: Author's calculations from World Bank Data