South Africa vs United States of America: Average transaction cost of sending remittances from a specific
Average transaction cost of sending remittances from a specific over time
- South Africa
- United States of America
How they compare
South Africa currently reports 3.7% against 3.5% in United States of America, a difference of 0.2%.
That makes South Africa's figure about 1.1 times United States of America's.
Across all 8 years both countries report, South Africa has been ahead every year.
South Africa ranks 20th and United States of America ranks 23rd 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 States of America | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 13.0% | 5.2% | 7.7% | South Africa |
| 2020s | 6.5% | 3.2% | 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 States of America?
- South Africa, at 3.7% against 3.5% in United States of America as of 2023.
- What is the difference in average transaction cost of sending remittances from a specific between South Africa and United States of America?
- 0.2%, with South Africa ahead.
- How many years of comparable data are there for South Africa and United States of America?
- 8 years are reported by both, from 2016 to 2023.
- How do South Africa and United States of America rank globally for average transaction cost of sending remittances from a specific?
- South Africa ranks 20th and United States of America ranks 23rd 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.