Brazil vs Ecuador: Average transaction cost of sending remittances to a specific country
Brazil
2.4%
in 2023
Ecuador
2.3%
in 2023
Brazil rank
62nd
Ecuador rank
65th
Average transaction cost of sending remittances to a specific country over time
- Brazil
- Ecuador
How they compare
Brazil currently reports 2.4% against 2.3% in Ecuador, a difference of 0.1%.
That makes Brazil's figure about 1.1 times Ecuador's.
Across all 8 years both countries report, Brazil has been ahead every year.
Brazil ranks 62nd and Ecuador ranks 65th of 100 countries.
Brazil has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Brazil | Ecuador | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 4.9% | 3.5% | 1.5% | Brazil |
| 2020s | 2.7% | 1.9% | 0.8% | Brazil |
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, Brazil or Ecuador?
- Brazil, at 2.4% against 2.3% in Ecuador as of 2023.
- What is the difference in average transaction cost of sending remittances to a specific country between Brazil and Ecuador?
- 0.1%, with Brazil ahead.
- How many years of comparable data are there for Brazil and Ecuador?
- 8 years are reported by both, from 2016 to 2023.
- How do Brazil and Ecuador rank globally for average transaction cost of sending remittances to a specific country?
- Brazil ranks 62nd and Ecuador ranks 65th 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.