Remittance Costs Statistics in Myanmar (2026)
According to World Bank World Development Indicators data, the average cost of sending remittances in Myanmar came to 4% of the amount sent in 2023. Up from 1.3% in 2021 to 4% in 2023 (+2.7 percentage points). Myanmar ranks #9 of 13 economies in East Asia & Pacific on this measure, and #67 of 101 globally.
Key Statistics
- Latest value (2023)
- 4% (2023)
- Remittance Costs in Myanmar as of 2023, the most recent observation in World Bank World Development Indicators data.
- Change since 2021
- +2.7 pp (2023)
- Up from 1.3% in 2021 to 4% in 2023 (+2.7 percentage points).
- Earliest value in this dataset (2016)
- 5.5% (2016)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 5.5% in 2016 to 4% in 2023.
- Peak value (2018)
- 7.5% (2018)
- Highest value in the available series; the 2023 value is 4%.
- Rank in East Asia & Pacific (lower is better; rank 1 = lowest)
- #9 of 13 (2023)
- Myanmar ranks 9 of 13 countries in East Asia & Pacific 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)
- #67 of 101 (2023)
- Myanmar ranks 67 of 101 countries with data globally. Ranked ascending because lower values are better for this metric.
- East Asia & Pacific average
- 3.5% (2023)
- Myanmar (4%) is above the average of 3.5% across the 13 countries in East Asia & Pacific with data.
- Internet use in Myanmar (2020)
- 45.4% (2020)
- 45.4% of the population in Myanmar used the internet in 2020 (World Bank); shown for context only.
- Population (2024)
- 54.5 million (2024)
- Myanmar had a population of 54.5 million in 2024 (World Bank); shown for scale only.
Trend, 2016–2023
| Year | % of amount sent | Change |
|---|---|---|
| 2023 | 4% | +2.7 pp |
| 2021 | 1.3% | −4.0 pp |
| 2020 | 5.3% | +0.2 pp |
| 2019 | 5.1% | −2.4 pp |
| 2018 | 7.5% | +0.3 pp |
| 2017 | 7.2% | +1.7 pp |
| 2016 | 5.5% | — |
Frequently asked questions
What is the latest figure for average cost of sending remittances in Myanmar?
The average cost of sending remittances in Myanmar stood at 4% of the amount sent in 2023, according to World Bank World Development Indicators data.
When did remittance costs in Myanmar peak?
The highest value in the available series was 7.5% in 2018; the latest (2023) value is 4%.
How recent is the remittance costs data for Myanmar?
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 Myanmar.
Where does the remittance costs data for Myanmar come from?
The data comes from the World Bank World Development Indicators (indicator SI.RMT.COST.IB.ZS). The latest observation for Myanmar is from 2023; 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 .