Korea vs Saudi Arabia: Average transaction cost of sending remittances from a specific
Korea
4.2%
in 2023
Saudi Arabia
4.5%
in 2023
Korea rank
15th
Saudi Arabia rank
12th
Average transaction cost of sending remittances from a specific over time
- Korea
- Saudi Arabia
How they compare
Saudi Arabia currently reports 4.5% against 4.2% in Korea, a difference of 0.3%.
That makes Saudi Arabia's figure about 1.1 times Korea's.
The two have swapped places 1 time across 8 shared years of data; in 2016 it was Korea ahead.
Korea ranks 15th and Saudi Arabia ranks 12th of 44 countries.
Saudi Arabia has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Korea | Saudi Arabia | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 3.8% | 5.0% | 1.1% | Saudi Arabia |
| 2020s | 2.9% | 3.7% | 0.8% | Saudi Arabia |
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 Saudi Arabia?
- Saudi Arabia, at 4.5% 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 Saudi Arabia?
- 0.3%, with Saudi Arabia ahead.
- How many years of comparable data are there for Korea and Saudi Arabia?
- 8 years are reported by both, from 2016 to 2023.
- How do Korea and Saudi Arabia rank globally for average transaction cost of sending remittances from a specific?
- Korea ranks 15th 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.