Average transaction cost of sending remittances from a specific country (%) by country
Average transaction cost of sending remittance from a specific country is the average of the total transaction cost in percentage of the amount sent for sending USD 200 charged by each single remittance service provider (RSP) included in the Remittance Prices Worldwide (RPW) database from a specific country.
What the numbers show
Average transaction cost of sending remittances from a specific country (%) is currently reported for 44 countries. The highest value is 13.4% in Israel; the lowest is 1.2% in Norway.
The median across all reporting countries is 3.6%, and the mean is 4.3%.
The gap between the highest and lowest reporting country is a factor of about 12.
Over the past decade 6 countries rose and 38 fell. The largest increase was in Pakistan (up 162.8%), and the largest decrease in Norway (down 88.6%).
Average transaction cost of sending remittances from a specific countr: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Israel | 13.4% | 2023 | up 15.4% | rising |
| 2 | Tanzania | 12.8% | 2023 | up 96.4% | rising |
| 3 | Cameroon | 11.7% | 2023 | up 68.5% | rising |
| 4 | Turkey | 10.0% | 2023 | down 4.1% | rising |
| 5 | Pakistan | 7.8% | 2023 | up 162.8% | rising |
| 6 | Rwanda | 7.6% | 2023 | down 12.3% | falling |
| 7 | Dominican Republic | 7.4% | 2023 | up 52.7% | rising |
| 8 | Kenya | 5.3% | 2023 | down 25.1% | falling |
| 9 | Chile | 5.1% | 2023 | down 3.4% | flat |
| 10 | Sweden | 4.9% | 2023 | down 44.2% | falling |
| 11 | Brazil | 4.6% | 2023 | down 33.5% | falling |
| 12 | Saudi Arabia | 4.5% | 2023 | down 0.6% | falling |
| 13 | Oman | 4.4% | 2023 | up 22.9% | rising |
| 14 | Qatar | 4.3% | 2023 | down 14.4% | falling |
| 15 | South Korea | 4.2% | 2023 | down 32.8% | falling |
| 16 | Switzerland | 4.1% | 2023 | down 74.5% | volatile |
| 17 | New Zealand | 3.9% | 2023 | down 47.4% | falling |
| 18 | Bahrain | 3.8% | 2023 | down 13.6% | falling |
| 19 | Belgium | 3.8% | 2023 | down 55.2% | falling |
| 20 | South Africa | 3.7% | 2023 | down 75.4% | falling |
| 21 | Thailand | 3.6% | 2023 | down 66.0% | falling |
| 22 | United Kingdom | 3.6% | 2023 | down 61.4% | falling |
| 23 | United States | 3.5% | 2023 | down 46.3% | falling |
| 24 | United Arab Emirates | 3.1% | 2023 | down 15.7% | falling |
| 25 | Cote d'Ivoire | 3.1% | 2023 | down 4.9% | flat |
| 26 | Netherlands | 3.0% | 2023 | down 65.7% | falling |
| 27 | Germany | 3.0% | 2023 | down 69.0% | falling |
| 28 | Canada | 3.0% | 2023 | down 66.3% | falling |
| 29 | France | 2.9% | 2023 | down 63.2% | falling |
| 30 | Czechia | 2.9% | 2023 | down 69.6% | falling |
| 31 | Australia | 2.9% | 2023 | down 69.4% | falling |
| 32 | Costa Rica | 2.8% | 2023 | down 2.9% | falling |
| 33 | Japan | 2.6% | 2023 | down 74.1% | volatile |
| 34 | Kuwait | 2.4% | 2023 | down 17.4% | falling |
| 35 | Jordan | 2.3% | 2023 | down 71.0% | falling |
| 36 | Spain | 2.2% | 2023 | down 68.7% | volatile |
| 37 | Italy | 2.2% | 2023 | down 69.3% | falling |
| 38 | Portugal | 2.1% | 2023 | down 70.3% | falling |
| 39 | Malaysia | 2.0% | 2023 | down 54.0% | falling |
| 40 | Singapore | 2.0% | 2023 | down 67.2% | volatile |
| 41 | Austria | 1.8% | 2023 | down 76.0% | volatile |
| 42 | Russia | 1.7% | 2021 | down 16.4% | falling |
| 43 | Senegal | 1.4% | 2023 | down 71.3% | falling |
| 44 | Norway | 1.2% | 2023 | down 88.6% | volatile |
About this data
Average transaction cost of sending remittance from a specific country is the average of the total transaction cost in percentage of the amount sent for sending USD 200 charged by each single remittance service provider (RSP) included in the Remittance Prices Worldwide (RPW) database from a specific country.