Portugal vs Singapore: Average transaction cost of sending remittances from a specific
Portugal
2.1%
in 2023
Singapore
2.0%
in 2023
Portugal rank
38th
Singapore rank
40th
Average transaction cost of sending remittances from a specific over time
- Portugal
- Singapore
How they compare
Portugal currently reports 2.1% against 2.0% in Singapore, a difference of 0.1%.
That makes Portugal's figure about 1.1 times Singapore's.
The two have swapped places 2 times across 8 shared years of data; in 2016 it was Portugal ahead.
Portugal ranks 38th and Singapore ranks 40th of 44 countries.
Portugal has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Portugal | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 5.7% | 4.1% | 1.6% | Portugal |
| 2020s | 4.9% | 1.5% | 3.4% | Portugal |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher average transaction cost of sending remittances from a specific, Portugal or Singapore?
- Portugal, at 2.1% against 2.0% in Singapore as of 2023.
- What is the difference in average transaction cost of sending remittances from a specific between Portugal and Singapore?
- 0.1%, with Portugal ahead.
- How many years of comparable data are there for Portugal and Singapore?
- 8 years are reported by both, from 2016 to 2023.
- How do Portugal and Singapore rank globally for average transaction cost of sending remittances from a specific?
- Portugal ranks 38th and Singapore ranks 40th 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.