Average transaction cost of sending remittances from a specific country (%)
Financial & CreditWB WDIwb_wdi:SI.RMT.COST.OB.ZS•2016 → 2023•47 countries
Series quick facts
High-level context for this country series.
Financial & CreditWB WDI
Coverage
47
Frequency
—
Range
2016 \u2192 2023
Latest
2023
Average transaction cost of sending remittances from a specific country (%) by country
Latest available value per country (as of 2023)
Low \u2192 High
Unit: %
≤ 2.25%
2.25% – 2.91%
2.91% – 3.53%
3.53% – 4.13%
4.13% – 5.1%
5.1% – 7.65%
> 7.65%
No data
Generated by MacroVedia.comSource: World Bank (WB WDI)
Highest 15 countries
Average transaction cost of sending remittances from a specific country (%)
47 countries with data
Generated by MacroVedia.comSource: World Bank (WB WDI)
Distribution across countries
Average transaction cost of sending remittances from a specific country (%)
Countries
47
Median
3.8%
Mean
5%
25th pctl
2.9%
75th pctl
6%
Generated by MacroVedia.comSource: World Bank (WB WDI)
Compare trends
Average transaction cost of sending remittances from a specific country (%)
TanzaniaTurkiyeRwanda
Generated by MacroVedia.comSource: World Bank (WB WDI)
| Country | Latest | Date | Trend |
|---|---|---|---|
| AngolaAGO | 16.86% | 2021 | |
| NigeriaNGA | 16.1% | 2020 | |
| IsraelISR | 13.45% | 2023 | |
| TanzaniaTZA | 12.83% | 2023 | |
| CameroonCMR | 11.66% | 2023 | |
| TurkiyeTUR | 9.96% | 2023 | |
| PakistanPAK | 7.77% | 2023 | |
| RwandaRWA | 7.55% | 2023 | |
| Dominican RepublicDOM | 7.42% | 2023 | |
| ThailandTHA | 6.57% | 2022 | |
| BelgiumBEL | 6.37% | 2022 | |
| PortugalPRT | 6.02% | 2022 | |
| KenyaKEN | 5.26% | 2023 | |
| ChileCHL | 5.14% | 2023 | |
| SwedenSWE | 4.87% | 2023 | |
| BrazilBRA | 4.6% | 2023 | |
| Saudi ArabiaSAU | 4.52% | 2023 | |
| OmanOMN | 4.44% | 2023 | |
| QatarQAT | 4.31% | 2023 | |
| Korea, Rep.KOR | 4.19% | 2023 | |
| SwitzerlandCHE | 4.11% | 2023 | |
| ItalyITA | 3.91% | 2022 | |
| New ZealandNZL | 3.9% | 2023 | |
| BahrainBHR | 3.84% | 2023 | |
| South AfricaZAF | 3.75% | 2023 | |
| United KingdomGBR | 3.61% | 2023 | |
| SenegalSEN | 3.55% | 2022 | |
| United StatesUSA | 3.51% | 2023 | |
| United Arab EmiratesARE | 3.08% | 2023 | |
| Cote d'IvoireCIV | 3.05% | 2023 | |
| NetherlandsNLD | 3.03% | 2023 | |
| GermanyDEU | 3.02% | 2023 | |
| CanadaCAN | 2.97% | 2023 | |
| FranceFRA | 2.9% | 2023 | |
| CzechiaCZE | 2.89% | 2023 | |
| AustraliaAUS | 2.88% | 2023 | |
| Costa RicaCRI | 2.83% | 2023 | |
| JapanJPN | 2.62% | 2023 | |
| KuwaitKWT | 2.42% | 2023 | |
| JordanJOR | 2.27% | 2023 | |
| SpainESP | 2.24% | 2023 | |
| MalaysiaMYS | 2.05% | 2023 | |
| SingaporeSGP | 1.97% | 2023 | |
| AustriaAUT | 1.82% | 2023 | |
| Russian FederationRUS | 1.74% | 2021 | |
| NorwayNOR | 1.16% | 2023 | |
| IndiaIND | 0.54% | 2023 |
Source: World Bank (WB WDI)