New Zealand vs South Africa: Average transaction cost of sending remittances from a specific
New Zealand
3.9%
in 2023
South Africa
3.7%
in 2023
New Zealand rank
17th
South Africa rank
20th
Average transaction cost of sending remittances from a specific over time
- New Zealand
- South Africa
How they compare
New Zealand currently reports 3.9% against 3.7% in South Africa, a difference of 0.2%.
The two have swapped places 1 time across 8 shared years of data; in 2016 it was South Africa ahead.
New Zealand ranks 17th and South Africa ranks 20th of 44 countries.
South Africa has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | New Zealand | South Africa | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 5.4% | 13.0% | 7.6% | South Africa |
| 2020s | 3.8% | 6.5% | 2.7% | South Africa |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher average transaction cost of sending remittances from a specific, New Zealand or South Africa?
- New Zealand, at 3.9% against 3.7% in South Africa as of 2023.
- What is the difference in average transaction cost of sending remittances from a specific between New Zealand and South Africa?
- 0.2%, with New Zealand ahead.
- How many years of comparable data are there for New Zealand and South Africa?
- 8 years are reported by both, from 2016 to 2023.
- How do New Zealand and South Africa rank globally for average transaction cost of sending remittances from a specific?
- New Zealand ranks 17th and South Africa ranks 20th 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.