South Africa vs Thailand: Average transaction cost of sending remittances from a specific
South Africa
3.7%
in 2023
Thailand
3.6%
in 2023
South Africa rank
20th
Thailand rank
21st
Average transaction cost of sending remittances from a specific over time
- South Africa
- Thailand
How they compare
South Africa currently reports 3.7% against 3.6% in Thailand, a difference of 0.1%.
The two have swapped places 2 times across 8 shared years of data; in 2016 it was South Africa ahead.
South Africa ranks 20th and Thailand ranks 21st of 44 countries.
South Africa has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | South Africa | Thailand | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 13.0% | 8.7% | 4.3% | South Africa |
| 2020s | 6.5% | 5.0% | 1.5% | South Africa |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher average transaction cost of sending remittances from a specific, South Africa or Thailand?
- South Africa, at 3.7% against 3.6% in Thailand as of 2023.
- What is the difference in average transaction cost of sending remittances from a specific between South Africa and Thailand?
- 0.1%, with South Africa ahead.
- How many years of comparable data are there for South Africa and Thailand?
- 8 years are reported by both, from 2016 to 2023.
- How do South Africa and Thailand rank globally for average transaction cost of sending remittances from a specific?
- South Africa ranks 20th and Thailand ranks 21st 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.