Remittance Costs Statistics in Albania (2026)
As of 2023, the average cost of sending remittances in Albania was 5.6% of the amount sent, per World Bank World Development Indicators data. Down from 6.1% in 2022 to 5.6% in 2023 (−0.5 percentage points). Albania ranks #23 of 24 economies in Europe & Central Asia on this measure, and #82 of 101 globally.
Key Statistics
- Latest value (2023)
- 5.6% (2023)
- Remittance Costs in Albania as of 2023, the most recent observation in World Bank World Development Indicators data.
- Change since 2022
- −0.5 pp (2023)
- Down from 6.1% in 2022 to 5.6% in 2023 (−0.5 percentage points).
- Earliest value in this dataset (2016)
- 12% (2016)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 12% in 2016 to 5.6% in 2023.
- Peak value (2016)
- 12% (2016)
- Highest value in the available series; the 2023 value is 5.6%.
- Rank in Europe & Central Asia (lower is better; rank 1 = lowest)
- #23 of 24 (2023)
- Albania ranks 23 of 24 countries in Europe & Central Asia with data, based on each country's latest value. Ranked ascending because lower values are better for this metric.
- Global rank (lower is better; rank 1 = lowest)
- #82 of 101 (2023)
- Albania ranks 82 of 101 countries with data globally. Ranked ascending because lower values are better for this metric.
- Europe & Central Asia average
- 2.5% (2023)
- Albania (5.6%) is above the average of 2.5% across the 24 countries in Europe & Central Asia with data.
- Personal remittances, received (current US$) (2024)
- $2.3 billion (2024)
- Related indicator from World Bank World Development Indicators.
- Internet use in Albania (2024)
- 85.9% (2024)
- 85.9% of the population in Albania used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 2.4 million (2024)
- Albania had a population of 2.4 million in 2024 (World Bank); shown for scale only.
Trend, 2016–2023
| Year | % of amount sent | Change |
|---|---|---|
| 2023 | 5.6% | −0.5 pp |
| 2022 | 6.1% | −0.3 pp |
| 2021 | 6.4% | −0.8 pp |
| 2020 | 7.2% | +0.2 pp |
| 2019 | 7% | −0.2 pp |
| 2018 | 7.2% | −1.5 pp |
| 2017 | 8.7% | −3.3 pp |
| 2016 | 12% | — |
Frequently asked questions
What is the latest figure for average cost of sending remittances in Albania?
The average cost of sending remittances in Albania stood at 5.6% of the amount sent in 2023, according to World Bank World Development Indicators data.
How recent is the remittance costs data for Albania?
The most recent observation is from 2023. World Bank World Development Indicators data is reported with a lag, so 2023 is the latest available year for Albania.
Where does the remittance costs data for Albania come from?
The data comes from the World Bank World Development Indicators (indicator SI.RMT.COST.IB.ZS). The latest observation for Albania is from 2023; the snapshot was retrieved on 2026-06-10.
How has remittance costs in Albania changed over time?
World Bank World Development Indicators data show a decline from 12% in 2016 to 5.6% in 2023.
How does Albania compare with other countries in Europe & Central Asia?
Albania ranks 23 of 24 countries in Europe & Central Asia with data (ranked ascending; lower is better), with 5.6% versus a regional average of 2.5% (latest values per country).
Source & methodology
Source: World Bank, World Development Indicators, indicator
SI.RMT.COST.IB.ZS, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .