Norway vs Russian Federation: Average transaction cost of sending remittances from a specific
Norway
1.2%
in 2023
Russian Federation
1.7%
in 2021
Norway rank
44th
Russian Federation rank
42nd
Average transaction cost of sending remittances from a specific over time
- Norway
- Russian Federation
How they compare
Russian Federation currently reports 1.7% against 1.2% in Norway, a difference of 0.5%.
That makes Russian Federation's figure about 1.5 times Norway's.
The two have swapped places 2 times across 6 shared years of data; in 2016 it was Norway ahead.
Norway ranks 44th and Russian Federation ranks 42nd of 44 countries.
Norway has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Norway | Russian Federation | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 5.1% | 2.3% | 2.8% | Norway |
| 2020s | 2.4% | 1.9% | 0.5% | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher average transaction cost of sending remittances from a specific, Norway or Russian Federation?
- Russian Federation, at 1.7% against 1.2% in Norway as of 2021.
- What is the difference in average transaction cost of sending remittances from a specific between Norway and Russian Federation?
- 0.5%, with Russian Federation ahead.
- How many years of comparable data are there for Norway and Russian Federation?
- 6 years are reported by both, from 2016 to 2021.
- How do Norway and Russian Federation rank globally for average transaction cost of sending remittances from a specific?
- Norway ranks 44th and Russian Federation ranks 42nd 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.