Portugal vs Spain: Average transaction cost of sending remittances from a specific

Portugal
2.1%
in 2023
Spain
2.2%
in 2023
Portugal rank
38th
Spain rank
36th

Average transaction cost of sending remittances from a specific over time

  • Portugal
  • Spain
2468201620192023

How they compare

Spain currently reports 2.2% against 2.1% in Portugal, a difference of 0.1%.

That makes Spain's figure about 1.1 times Portugal's.

The two have swapped places 2 times across 8 shared years of data; in 2016 it was Spain ahead.

Portugal ranks 38th and Spain ranks 36th of 44 countries.

Portugal has averaged higher in every one of the 2 decades both report.

Head to head by decade

Decade Portugal Spain Difference Ahead
2010s 5.7% 5.1% 0.6% Portugal
2020s 4.9% 2.2% 2.7% 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 Spain?
Spain, at 2.2% against 2.1% in Portugal as of 2023.
What is the difference in average transaction cost of sending remittances from a specific between Portugal and Spain?
0.1%, with Spain ahead.
How many years of comparable data are there for Portugal and Spain?
8 years are reported by both, from 2016 to 2023.
How do Portugal and Spain rank globally for average transaction cost of sending remittances from a specific?
Portugal ranks 38th and Spain ranks 36th 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.

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Portugal vs Spain: Average transaction cost of sending remittances from a specific. Statizoid, drawing on Remittance Prices Worldwide, World Bank (WB). Retrieved 13 September 2026, from https://financial-sector.statizoid.com/compare/average-transaction-cost-of-sending-remittances-from-a-specific-country-percent/portugal/spain/

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About this data

Indicator
Average transaction cost of sending remittances from a specific country (%)
Unit
%
Source
Remittance Prices Worldwide, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
44 places, 344 data points, 2016–2023
Last refreshed

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.