South Africa vs United Kingdom of Great Britain and Northern Ireland: Average transaction cost of sending remittances from a specific
Average transaction cost of sending remittances from a specific over time
- South Africa
- United Kingdom of Great Britain and Northern Ireland
How they compare
South Africa currently reports 3.7% against 3.6% in United Kingdom of Great Britain and Northern Ireland, a difference of 0.1%.
Across all 8 years both countries report, South Africa has been ahead every year.
South Africa ranks 20th and United Kingdom of Great Britain and Northern Ireland ranks 22nd 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 | United Kingdom of Great Britain and Northern Ireland | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 13.0% | 5.9% | 7.1% | South Africa |
| 2020s | 6.5% | 3.3% | 3.2% | 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 United Kingdom of Great Britain and Northern Ireland?
- South Africa, at 3.7% against 3.6% in United Kingdom of Great Britain and Northern Ireland as of 2023.
- What is the difference in average transaction cost of sending remittances from a specific between South Africa and United Kingdom of Great Britain and Northern Ireland?
- 0.1%, with South Africa ahead.
- How many years of comparable data are there for South Africa and United Kingdom of Great Britain and Northern Ireland?
- 8 years are reported by both, from 2016 to 2023.
- How do South Africa and United Kingdom of Great Britain and Northern Ireland rank globally for average transaction cost of sending remittances from a specific?
- South Africa ranks 20th and United Kingdom of Great Britain and Northern Ireland ranks 22nd 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.