Senegal vs Singapore: Average transaction cost of sending remittances from a specific
Senegal
1.4%
in 2023
Singapore
2.0%
in 2023
Senegal rank
43rd
Singapore rank
40th
Average transaction cost of sending remittances from a specific over time
- Senegal
- Singapore
How they compare
Singapore currently reports 2.0% against 1.4% in Senegal, a difference of 0.6%.
That makes Singapore's figure about 1.4 times Senegal's.
The two have swapped places 2 times across 8 shared years of data; in 2016 it was Singapore ahead.
Senegal ranks 43rd and Singapore ranks 40th of 44 countries.
Across the 2 decades both report, Senegal averaged higher in 1 and Singapore in 1.
Head to head by decade
| Decade | Senegal | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 4.0% | 4.1% | 0.2% | Singapore |
| 2020s | 2.9% | 1.5% | 1.5% | Senegal |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher average transaction cost of sending remittances from a specific, Senegal or Singapore?
- Singapore, at 2.0% against 1.4% in Senegal as of 2023.
- What is the difference in average transaction cost of sending remittances from a specific between Senegal and Singapore?
- 0.6%, with Singapore ahead.
- How many years of comparable data are there for Senegal and Singapore?
- 8 years are reported by both, from 2016 to 2023.
- How do Senegal and Singapore rank globally for average transaction cost of sending remittances from a specific?
- Senegal ranks 43rd 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.