Azerbaijan vs Hungary: Average transaction cost of sending remittances to a specific country
Azerbaijan
1.3%
in 2021
Hungary
1.6%
in 2023
Azerbaijan rank
89th
Hungary rank
87th
Average transaction cost of sending remittances to a specific country over time
- Azerbaijan
- Hungary
How they compare
Hungary currently reports 1.6% against 1.3% in Azerbaijan, a difference of 0.3%.
That makes Hungary's figure about 1.2 times Azerbaijan's.
Across all 6 years both countries report, Hungary has been ahead every year.
Azerbaijan ranks 89th and Hungary ranks 87th of 100 countries.
Hungary has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Azerbaijan | Hungary | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 1.2% | 3.5% | 2.3% | Hungary |
| 2020s | 1.2% | 2.1% | 0.9% | Hungary |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher average transaction cost of sending remittances to a specific country, Azerbaijan or Hungary?
- Hungary, at 1.6% against 1.3% in Azerbaijan as of 2023.
- What is the difference in average transaction cost of sending remittances to a specific country between Azerbaijan and Hungary?
- 0.3%, with Hungary ahead.
- How many years of comparable data are there for Azerbaijan and Hungary?
- 6 years are reported by both, from 2016 to 2021.
- How do Azerbaijan and Hungary rank globally for average transaction cost of sending remittances to a specific country?
- Azerbaijan ranks 89th and Hungary ranks 87th of 100 countries.
- Where does this data come from?
- Remittance Prices Worldwide, World Bank (WB), published as Average transaction cost of sending remittances to 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 to 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 to a specific country.