Brazil vs Saudi Arabia: Average transaction cost of sending remittances from a specific
Brazil
4.6%
in 2023
Saudi Arabia
4.5%
in 2023
Brazil rank
11th
Saudi Arabia rank
12th
Average transaction cost of sending remittances from a specific over time
- Brazil
- Saudi Arabia
How they compare
Brazil currently reports 4.6% against 4.5% in Saudi Arabia, a difference of 0.1%.
Across all 8 years both countries report, Brazil has been ahead every year.
Brazil ranks 11th and Saudi Arabia ranks 12th of 44 countries.
Brazil has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Brazil | Saudi Arabia | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 6.7% | 5.0% | 1.7% | Brazil |
| 2020s | 6.1% | 3.7% | 2.4% | Brazil |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher average transaction cost of sending remittances from a specific, Brazil or Saudi Arabia?
- Brazil, at 4.6% against 4.5% in Saudi Arabia as of 2023.
- What is the difference in average transaction cost of sending remittances from a specific between Brazil and Saudi Arabia?
- 0.1%, with Brazil ahead.
- How many years of comparable data are there for Brazil and Saudi Arabia?
- 8 years are reported by both, from 2016 to 2023.
- How do Brazil and Saudi Arabia rank globally for average transaction cost of sending remittances from a specific?
- Brazil ranks 11th and Saudi Arabia ranks 12th 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.