Average transaction cost of sending remittances to a specific country (%)
SI.RMT.COST.IB.ZS📂 Financial Sector 🌍 104 countries
Average transaction cost of sending remittance to 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 to a specific country.
🌍 World Average (2023):3.44
All Countries — Latest Data
104 countries1🇨🇺Cuba19.6320232🇧🇯Benin17.3520203🇦🇴Angola12.7820234🇸🇾Syrian Arab Republic10.7120165🇸🇱Sierra Leone10.3420236🇹🇯Tajikistan10.3320237🇻🇺Vanuatu9.4920238🇪🇷Eritrea9.1620239🇦🇫Afghanistan9.02202310🇺🇬Uganda8.86202311🇧🇼Botswana8.41202312🇿🇲Zambia8.13202313🇬🇾Guyana7.92202314🇩🇿Algeria7.83202315🇧🇩Bangladesh7.65202316🇬🇲Gambia, The6.76202317🇸🇸South Sudan6.47202318🇸🇴Somalia, Fed. Rep.6.01202319🇷🇼Rwanda5.76202320🇦🇱Albania5.60202321🇹🇳Tunisia5.54202322🇹🇿Tanzania5.30202323🇱🇧Lebanon5.28202324🇿🇼Zimbabwe5.26202325🇱🇦Lao PDR4.87202326🇸🇷Suriname4.84201727🇭🇹Haiti4.70202328🇵🇾Paraguay4.66202329🇳🇬Nigeria4.64202330🇼🇸Samoa4.59202331🇿🇦South Africa4.55202332🇦🇲Armenia4.36202333🇰🇬Kyrgyz Republic4.22202334🇲🇦Morocco4.17202335🇹🇴Tonga4.10202336🇲🇲Myanmar4.04202337🇧🇦Bosnia and Herzegovina3.86202338🇰🇪Kenya3.86202339🇲🇿Mozambique3.79202340🇯🇲Jamaica3.59202341🇵🇪Peru3.57202342🇧🇬Bulgaria3.46202343🇻🇳Viet Nam3.46202344🇧🇴Bolivia3.45202345🇨🇻Cabo Verde3.44202346🌐Kosovo3.42202347🇪🇹Ethiopia3.41202348🇯🇴Jordan3.35202349🇪🇬Egypt, Arab Rep.3.30202350🇫🇯Fiji3.22202351🇨🇲Cameroon3.02202352🇲🇬Madagascar2.92202353🇱🇷Liberia2.83202354🇨🇳China2.83202355🇾🇪Yemen, Rep.2.81202356🇪🇪Estonia2.75202157🇸🇩Sudan2.67201658🇲🇽Mexico2.65202359🇭🇳Honduras2.62202360🇬🇹Guatemala2.56202361🇳🇵Nepal2.53202362🇩🇴Dominican Republic2.52202363🇵🇦Panama2.49202364🇮🇩Indonesia2.44202365🇨🇴Colombia2.43202366🇧🇷Brazil2.42202367🇹🇷Turkiye2.34202368🇳🇮Nicaragua2.33202369🇪🇨Ecuador2.30202370🇨🇷Costa Rica2.26202371🇱🇰Sri Lanka2.19202372🇵🇰Pakistan2.14202373🇰🇭Cambodia2.12202374🇲🇰North Macedonia2.10202375🇺🇿Uzbekistan2.09202176🇱🇻Latvia2.08202177🇹🇬Togo2.06202378🇹🇭Thailand2.02202379🇲🇩Moldova2.01202380🇬🇭Ghana2.01202381🇸🇻El Salvador2.00202382🇨🇩Congo, Dem. Rep.1.98202383🌐West Bank and Gaza1.97202384🇷🇸Serbia1.94202385🇱🇸Lesotho1.82202386🇸🇿Eswatini1.82202387🇮🇳India1.76202388🇰🇲Comoros1.74202389🇲🇱Mali1.73202390🇵🇭Philippines1.67202391🇭🇺Hungary1.61202392🇱🇹Lithuania1.40202393🇦🇿Azerbaijan1.33202194🇧🇾Belarus1.32202195🇰🇿Kazakhstan1.17202196🇲🇾Malaysia0.98202397🇵🇱Poland0.87202398🇷🇴Romania0.87202399🇬🇪Georgia0.852021100🇨🇮Cote d'Ivoire0.742023101🇸🇳Senegal0.722023102🇺🇦Ukraine0.722023103🇭🇷Croatia0.272023104🇲🇼Malawi-49.692023