variables: 157383

This table contains all the variables of all the datasets we have at Our World In Data. Note that this includes only the information about the variables like name and default display settings, not the data itself.

Data license: CC-BY

This data as json

id name unit description createdAt updatedAt code coverage timespan datasetId sourceId shortUnit display columnOrder originalMetadata grapherConfigAdmin shortName catalogPath dimensions schemaVersion processingLevel processingLog titlePublic titleVariant attributionShort attribution descriptionShort descriptionFromProducer descriptionKey descriptionProcessing licenses license grapherConfigETL type sort dataChecksum metadataChecksum
157383 Average transaction cost of sending remittances to a specific country (%)   Average transaction cost of sending remittance to a specific country is the average of the total transaction cost in percentage of the amount sent for sending USD 200 charged by each single remittance service provider (RSP) included in the Remittance Prices Worldwide (RPW) database to a specific country. Limitations and exceptions: Remittance service providers (RSPs) are excluded when they do not disclose the exchange rate applied to the transaction Statistical concept and methodology: The World Bank calculates and tracks the global average cost for sending remittances following each iteration of Remittance Prices Worldwide (RPW). This is intended to provide a tool to track the trend of remittance prices by various policy makers, including measuring progress towards the commitment by the G8 member countries to reduce the cost of remittances by five percentage points over five years (the “5x5 Objective”), as well as the commitment by the G20 member countries to also reduce the global average to 5 percent. The Global Average Total Cost is calculated as the average total cost for sending USD 200 with all remittance service providers (RSPs) worldwide. In other terms, the global average total cost is the simple average of the total cost for sending USD 200 charged by each single RSP included in the RPW database, expressed as the percentage of the amount sent. The regional and national average total costs are calculated using the same methodology used to calculate the Global Average Total Cost. These represent the simple average total cost for sending USD 200 with every single RSP to a specific region of the world (regional), or to a specific country (national). The reference years reflect third quarter data here; for example, data for 2016 refers to data in the third quarter of the year. For all quarterly data, visit http://remittanceprices.worldbank.org. 2021-08-10 01:59:03 2023-06-15 05:05:42 SI.RMT.COST.IB.ZS   2011-2020 5357 18832   
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