Russia vs Singapore: Average transaction cost of sending remittances from a specific
Russia
1.7%
in 2021
Singapore
2.0%
in 2023
Russia rank
42nd
Singapore rank
40th
Average transaction cost of sending remittances from a specific over time
- Russia
- Singapore
How they compare
Singapore currently reports 2.0% against 1.7% in Russia, a difference of 0.3%.
That makes Singapore's figure about 1.1 times Russia's.
The two have swapped places 1 time across 6 shared years of data; in 2016 it was Singapore ahead.
Russia ranks 42nd and Singapore ranks 40th of 44 countries.
Across the 2 decades both report, Russia averaged higher in 1 and Singapore in 1.
Head to head by decade
| Decade | Russia | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 2.3% | 4.1% | 1.9% | Singapore |
| 2020s | 1.9% | 1.4% | 0.6% | Russia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher average transaction cost of sending remittances from a specific, Russia or Singapore?
- Singapore, at 2.0% against 1.7% in Russia as of 2023.
- What is the difference in average transaction cost of sending remittances from a specific between Russia and Singapore?
- 0.3%, with Singapore ahead.
- How many years of comparable data are there for Russia and Singapore?
- 6 years are reported by both, from 2016 to 2021.
- How do Russia and Singapore rank globally for average transaction cost of sending remittances from a specific?
- Russia ranks 42nd 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.