Belgium vs South Africa: Average transaction cost of sending remittances from a specific
Belgium
3.8%
in 2023
South Africa
3.7%
in 2023
Belgium rank
19th
South Africa rank
20th
Average transaction cost of sending remittances from a specific over time
- Belgium
- South Africa
How they compare
Belgium currently reports 3.8% against 3.7% in South Africa, a difference of 0.1%.
The two have swapped places 1 time across 8 shared years of data; in 2016 it was South Africa ahead.
Belgium ranks 19th and South Africa ranks 20th of 44 countries.
South Africa has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Belgium | South Africa | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 6.7% | 13.0% | 6.2% | South Africa |
| 2020s | 5.4% | 6.5% | 1.1% | South Africa |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher average transaction cost of sending remittances from a specific, Belgium or South Africa?
- Belgium, at 3.8% against 3.7% in South Africa as of 2023.
- What is the difference in average transaction cost of sending remittances from a specific between Belgium and South Africa?
- 0.1%, with Belgium ahead.
- How many years of comparable data are there for Belgium and South Africa?
- 8 years are reported by both, from 2016 to 2023.
- How do Belgium and South Africa rank globally for average transaction cost of sending remittances from a specific?
- Belgium ranks 19th and South Africa ranks 20th of 44 countries.
- Where does this data come from?
- Remittance Prices Worldwide, World Bank (WB), published as Average transaction cost of sending remittances from a specific country (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
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.