Remittance Costs Statistics in Azerbaijan (2026)
According to World Bank World Development Indicators data, the average cost of sending remittances in Azerbaijan came to 1.3% of the amount sent in 2021. Up from 1% in 2020 to 1.3% in 2021 (+0.3 percentage points). Azerbaijan ranks #8 of 24 economies in Europe & Central Asia on this measure, and #11 of 101 globally.
Key Statistics
- Latest value (2021)
- 1.3% (2021)
- Remittance Costs in Azerbaijan as of 2021, the most recent observation in World Bank World Development Indicators data.
- Change since 2020
- +0.3 pp (2021)
- Up from 1% in 2020 to 1.3% in 2021 (+0.3 percentage points).
- Earliest value in this dataset (2016)
- 1.4% (2016)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 1.4% in 2016 to 1.3% in 2021.
- Peak value (2018)
- 1.4% (2018)
- Highest value in the available series; the 2021 value is 1.3%.
- Rank in Europe & Central Asia (lower is better; rank 1 = lowest)
- #8 of 24 (2021)
- Azerbaijan ranks 8 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)
- #11 of 101 (2021)
- Azerbaijan ranks 11 of 101 countries with data globally. Ranked ascending because lower values are better for this metric.
- Europe & Central Asia average
- 2.5% (2021)
- Azerbaijan (1.3%) is below the average of 2.5% across the 24 countries in Europe & Central Asia with data.
- Personal remittances, received (current US$) (2024)
- $1.4 billion (2024)
- Related indicator from World Bank World Development Indicators.
- Internet use in Azerbaijan (2025)
- 90.8% (2025)
- 90.8% of the population in Azerbaijan used the internet in 2025 (World Bank); shown for context only.
- Population (2024)
- 10.2 million (2024)
- Azerbaijan had a population of 10.2 million in 2024 (World Bank); shown for scale only.
Trend, 2016–2021
| Year | % of amount sent | Change |
|---|---|---|
| 2021 | 1.3% | +0.3 pp |
| 2020 | 1% | −0.0 pp |
| 2019 | 1% | −0.4 pp |
| 2018 | 1.4% | +0.4 pp |
| 2017 | 1% | −0.4 pp |
| 2016 | 1.4% | — |
Frequently asked questions
What is the latest figure for average cost of sending remittances in Azerbaijan?
The average cost of sending remittances in Azerbaijan stood at 1.3% of the amount sent in 2021, according to World Bank World Development Indicators data.
When did remittance costs in Azerbaijan peak?
The highest value in the available series was 1.4% in 2018; the latest (2021) value is 1.3%.
How recent is the remittance costs data for Azerbaijan?
The most recent observation is from 2021. World Bank World Development Indicators data is reported with a lag, so 2021 is the latest available year for Azerbaijan.
Where does the remittance costs data for Azerbaijan come from?
The data comes from the World Bank World Development Indicators (indicator SI.RMT.COST.IB.ZS). The latest observation for Azerbaijan is from 2021; the snapshot was retrieved on 2026-06-10.
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 .