Remittance Costs Statistics in North Macedonia (2026)
According to World Bank World Development Indicators data, the average cost of sending remittances in North Macedonia came to 2.1% of the amount sent in 2023. Down from 2.2% in 2022 to 2.1% in 2023 (−0.1 percentage points). North Macedonia ranks #15 of 24 economies in Europe & Central Asia on this measure, and #30 of 101 globally.
Key Statistics
- Latest value (2023)
- 2.1% (2023)
- Remittance Costs in North Macedonia as of 2023, the most recent observation in World Bank World Development Indicators data.
- Change since 2022
- −0.1 pp (2023)
- Down from 2.2% in 2022 to 2.1% in 2023 (−0.1 percentage points).
- Earliest value in this dataset (2016)
- 9.2% (2016)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 9.2% in 2016 to 2.1% in 2023.
- Peak value (2017)
- 10.2% (2017)
- Highest value in the available series; the 2023 value is 2.1%.
- Rank in Europe & Central Asia (lower is better; rank 1 = lowest)
- #15 of 24 (2023)
- North Macedonia ranks 15 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)
- #30 of 101 (2023)
- North Macedonia ranks 30 of 101 countries with data globally. Ranked ascending because lower values are better for this metric.
- Europe & Central Asia average
- 2.5% (2023)
- North Macedonia (2.1%) is below the average of 2.5% across the 24 countries in Europe & Central Asia with data.
- Personal remittances, received (current US$) (2024)
- $458.2 million (2024)
- Related indicator from World Bank World Development Indicators.
- Internet use in North Macedonia (2025)
- 93.1% (2025)
- 93.1% of the population in North Macedonia used the internet in 2025 (World Bank); shown for context only.
- Population (2024)
- 1.8 million (2024)
- North Macedonia had a population of 1.8 million in 2024 (World Bank); shown for scale only.
Trend, 2016–2023
| Year | % of amount sent | Change |
|---|---|---|
| 2023 | 2.1% | −0.1 pp |
| 2022 | 2.2% | −1.0 pp |
| 2021 | 3.3% | −0.5 pp |
| 2020 | 3.8% | −3.3 pp |
| 2019 | 7% | −0.7 pp |
| 2018 | 7.7% | −2.5 pp |
| 2017 | 10.2% | +1.1 pp |
| 2016 | 9.2% | — |
Frequently asked questions
What is the latest figure for average cost of sending remittances in North Macedonia?
The average cost of sending remittances in North Macedonia stood at 2.1% of the amount sent in 2023, according to World Bank World Development Indicators data.
When did remittance costs in North Macedonia peak?
The highest value in the available series was 10.2% in 2017; the latest (2023) value is 2.1%.
How recent is the remittance costs data for North Macedonia?
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 North Macedonia.
Where does the remittance costs data for North Macedonia come from?
The data comes from the World Bank World Development Indicators (indicator SI.RMT.COST.IB.ZS). The latest observation for North Macedonia 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 .