Remittance Costs Statistics in Armenia (2026)
According to World Bank World Development Indicators data, the average cost of sending remittances in Armenia came to 4.4% of the amount sent in 2023. Up from 4.1% in 2022 to 4.4% in 2023 (+0.2 percentage points). Armenia ranks #22 of 24 economies in Europe & Central Asia on this measure, and #71 of 101 globally.
Key Statistics
- Latest value (2023)
- 4.4% (2023)
- Remittance Costs in Armenia as of 2023, the most recent observation in World Bank World Development Indicators data.
- Change since 2022
- +0.2 pp (2023)
- Up from 4.1% in 2022 to 4.4% in 2023 (+0.2 percentage points).
- Earliest value in this dataset (2016)
- 3.2% (2016)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 3.2% in 2016 to 4.4% in 2023.
- Peak value (2019)
- 4.4% (2019)
- Highest value in the available series; the 2023 value is 4.4%.
- Rank in Europe & Central Asia (lower is better; rank 1 = lowest)
- #22 of 24 (2023)
- Armenia ranks 22 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)
- #71 of 101 (2023)
- Armenia ranks 71 of 101 countries with data globally. Ranked ascending because lower values are better for this metric.
- Europe & Central Asia average
- 2.5% (2023)
- Armenia (4.4%) is above the average of 2.5% across the 24 countries in Europe & Central Asia with data.
- Personal remittances, received (current US$) (2024)
- $1.3 billion (2024)
- Related indicator from World Bank World Development Indicators.
- Internet use in Armenia (2024)
- 81.3% (2024)
- 81.3% of the population in Armenia used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 3 million (2024)
- Armenia had a population of 3 million in 2024 (World Bank); shown for scale only.
Trend, 2016–2023
| Year | % of amount sent | Change |
|---|---|---|
| 2023 | 4.4% | +0.2 pp |
| 2022 | 4.1% | +1.1 pp |
| 2021 | 3% | −0.7 pp |
| 2020 | 3.7% | −0.8 pp |
| 2019 | 4.4% | +0.3 pp |
| 2018 | 4.2% | +2.2 pp |
| 2017 | 1.9% | −1.3 pp |
| 2016 | 3.2% | — |
Frequently asked questions
What is the latest figure for average cost of sending remittances in Armenia?
The average cost of sending remittances in Armenia stood at 4.4% of the amount sent in 2023, according to World Bank World Development Indicators data.
How does Armenia compare with other countries in Europe & Central Asia?
Armenia ranks 22 of 24 countries in Europe & Central Asia with data (ranked ascending; lower is better), with 4.4% versus a regional average of 2.5% (latest values per country).
Where does Armenia rank globally on remittance costs?
Armenia ranks 71 of 101 countries with data globally (ranked ascending; lower is better), based on the latest World Bank World Development Indicators value for each country.
When did remittance costs in Armenia peak?
The highest value in the available series was 4.4% in 2019; the latest (2023) value is 4.4%.
How recent is the remittance costs data for Armenia?
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 Armenia.
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 .