Belgium vs Switzerland: Average transaction cost of sending remittances from a specific
Belgium
3.8%
in 2023
Switzerland
4.1%
in 2023
Belgium rank
19th
Switzerland rank
16th
Average transaction cost of sending remittances from a specific over time
- Belgium
- Switzerland
How they compare
Switzerland currently reports 4.1% against 3.8% in Belgium, a difference of 0.3%.
That makes Switzerland's figure about 1.1 times Belgium's.
The two have swapped places 2 times across 8 shared years of data; in 2016 it was Switzerland ahead.
Belgium ranks 19th and Switzerland ranks 16th of 44 countries.
Across the 2 decades both report, Belgium averaged higher in 1 and Switzerland in 1.
Head to head by decade
| Decade | Belgium | Switzerland | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 6.7% | 8.3% | 1.6% | Switzerland |
| 2020s | 5.4% | 4.0% | 1.4% | Belgium |
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 Switzerland?
- Switzerland, at 4.1% against 3.8% in Belgium as of 2023.
- What is the difference in average transaction cost of sending remittances from a specific between Belgium and Switzerland?
- 0.3%, with Switzerland ahead.
- How many years of comparable data are there for Belgium and Switzerland?
- 8 years are reported by both, from 2016 to 2023.
- How do Belgium and Switzerland rank globally for average transaction cost of sending remittances from a specific?
- Belgium ranks 19th and Switzerland ranks 16th 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.