The Cost of Sending Money Home

Some 192m migrants 3% of the world population sent remittances totalling $316 billion to developing countries last year, according to the World Bank. The cost of sending remittances is negatively correlated with the number of migrants and service-providers in a country; the more competition, the lower the cost. this chart shows, for each country, which is the most expensive country to send $200 to.


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