South Korea vs Qatar: Average transaction cost of sending remittances from a specific
South Korea
4.2%
in 2023
Qatar
4.3%
in 2023
South Korea rank
15th
Qatar rank
14th
Average transaction cost of sending remittances from a specific over time
- South Korea
- Qatar
How they compare
Qatar currently reports 4.3% against 4.2% in South Korea, a difference of 0.1%.
The two have swapped places 3 times across 8 shared years of data; in 2016 it was South Korea ahead.
South Korea ranks 15th and Qatar ranks 14th of 44 countries.
Qatar has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | South Korea | Qatar | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 3.8% | 4.3% | 0.4% | Qatar |
| 2020s | 2.9% | 3.6% | 0.7% | Qatar |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher average transaction cost of sending remittances from a specific, South Korea or Qatar?
- Qatar, at 4.3% against 4.2% in South Korea as of 2023.
- What is the difference in average transaction cost of sending remittances from a specific between South Korea and Qatar?
- 0.1%, with Qatar ahead.
- How many years of comparable data are there for South Korea and Qatar?
- 8 years are reported by both, from 2016 to 2023.
- How do South Korea and Qatar rank globally for average transaction cost of sending remittances from a specific?
- South Korea ranks 15th and Qatar ranks 14th 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.