Korea vs Oman: Average transaction cost of sending remittances from a specific
Korea
4.2%
in 2023
Oman
4.4%
in 2023
Korea rank
15th
Oman rank
13th
Average transaction cost of sending remittances from a specific over time
- Korea
- Oman
How they compare
Oman currently reports 4.4% against 4.2% in Korea, a difference of 0.2%.
That makes Oman's figure about 1.1 times Korea's.
The two have swapped places 1 time across 7 shared years of data; in 2016 it was Korea ahead.
Korea ranks 15th and Oman ranks 13th of 44 countries.
Across the 2 decades both report, Korea averaged higher in 1 and Oman in 1.
Head to head by decade
| Decade | Korea | Oman | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 4.0% | 3.8% | 0.2% | Korea |
| 2020s | 2.9% | 4.3% | 1.4% | Oman |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher average transaction cost of sending remittances from a specific, Korea or Oman?
- Oman, at 4.4% against 4.2% in Korea as of 2023.
- What is the difference in average transaction cost of sending remittances from a specific between Korea and Oman?
- 0.2%, with Oman ahead.
- How many years of comparable data are there for Korea and Oman?
- 7 years are reported by both, from 2016 to 2023.
- How do Korea and Oman rank globally for average transaction cost of sending remittances from a specific?
- Korea ranks 15th and Oman ranks 13th 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.